TP - Mere dissatisfaction with factual findings of ITAT regarding selection of comparables after application of quantitative/qualitative filters cannot be contested u/s 260A: HC (See 'TOG Latest')I-T - Assessee is eligible to claim exemption u/s 54 where possession of flat held by him since date of allotment is handed over & capital gain is paid on transfer of property 'held': ITAT (See 'TOG Latest')Customs - Classification of imported goods cannot be decided based on internet search results when Department could have obtained expert opinion or technical write-up: CESTAT (See 'TOG Latest')Central Excise - Demands cannot be raised under rent-a-cab service where Department is unable to prove that vehicle was capital goods of assessee & was registered in its name: CESTAT (See 'TOG Latest')ISA - India to host first general conclave (See 'TOG News')New convention & expo centre to reflect economic progress: Modi (See 'TOG News')TP - When agreement between two resident companies does not provide for any markup on total cost then no addition is permitted by applying margin of international transactions: ITAT (See 'TOG Latest')I-T - If interest income does has no direct link with eligible business or business activity then it can be considered for deduction claimed u/s 80IB & 80IC: ITAT (See 'TOG Latest')Central Excise - Cenvat credit be availed on supplementary invoices rasing demand for 'royalty charges' & 'stowing excise duty', 'paryavaran upkar', 'vikas upkar', 'forest fee' & 'Entry tax': CESTAT (See 'TOG Latest')Service Tax - Extended period of limitation cannot be invoked where issue of taxability of commission received from banks was contested during period of dispute: CESTAT (See 'TOG Latest')Govt launches Swachhata Hi Seva campaign to promote cleanliness (See 'TOG News')Govt launches Swachhata Hi Seva campaign to promote cleanliness (See 'TOG News')Delhi Govt inks pact with Seoul for better infrastructure & public health (See 'TOG News')Govt launches star rating based on efficient energy use (See 'TOG News')DTAA - Tax Residency Certificate constitutes sufficient evidence for accepting status of residence as well as beneficial ownership for seeking treaty benefits: ITAT (See 'TOG Latest')I-T - Pre-deposit of duty demanded from cooperative institution can be waived off considering that its members come from marginal sections of society: ITAT (See 'TOG Latest')Customs - Duty exemption under Notfn No 46/2006-Cus can be denied where entire quantity of imported goods were not used to manufacture final product: CESTAT (See 'TOG Latest')Central Excise - Cenvat credit cannot be allowed on Outdoor Catering service which is utilized for personal use by employees & has no nexus with manufacture of final product: CESTAT (See 'TOG Latest')
Tax on Go
Budget 2015
Click the banner to download Documents


Renowned water conservationist predicts forced migration
By TOG News Service
Jun 21, 2018

TOG News Service, NEW DELHI, JUNE 21, 2018: IN the midst of water shortage and related problems from different parts of the country, renowned activist Mr Rajendra Singh, expressed his fears of a forced migration from the country within the coming seven years. Also nicknamed as the 'waterman', Mr Singh predicted such a grim future should measures not be taken, on an urgent basis, to save available ground water & also replenish the same. He also pitched for preventing the wasteful use and draining of rain water.

Almost 90 cities and towns in the country have been facing situation of 'Day Zero' with taps running dry for days, as around 2.5 villages or settlements are in the want of safe drinking water and more than 72% of the areas in the country are overdrawing ground water and heading for early crisis of 'Day-Zero,' when there would be no water available, the Magsaysay award-winning crusader stated.

Government authorities at the level of the Centre, states and the rural and urban local self government bodies, have demonstrated total apathy to their role in protecting resources and replenishing water table, Mr Singh, whose NGO Tarun Bharat Sangh had been successfully revived several streams and water bodies at different places, he said. The apathy is evident from the fact that an allocation of Rs 1,600 crores was made for aquifers mapping in the country three years ago, however, the concerned agencies and authorities failed to do so or even utilise fully the fund allocated.

Presently, people are migrating from problem prone rural areas to urban towns aggravating the situation there but within seven years the situation might worsen and the country might witness forced migration from the country as being witnessed in several countries like Syria, Sudan, Palestine, the Waterman predicted, sharing experience during his visits to over 35 crisis prone countries in Africa, Europe and Central Asia. Syria has virtually faced water war as Sudan is confronted with waterborne diseases, he pointed out.

Referring to water woes in the national capital of New Delhi, Mr Singh said that contamination of ground water due to high concentration of fluorides, nitrates and even poisonous arsenic are also caused by over exploitation of ground water as it triggers more mixing of minerals from the rocks. In this regard, he stated that the top most priority for the government is to ensure conservation of the aquifers and urgent and effective measure to replenish and recharge ground water by way of total rain water harvesting.

He further advised preventing wasteful draining of rain water, tapping every drop of it and fully returning to the earth through water harvesting structures, he elaborated. Thereby, if earnest and concerted steps were taken, the situation could improve within next 4-5 years. There were instances, when some countries averted crisis by way of their sincere efforts. He gave the example of Cape Town in South Africa which succeeded in its efforts, when the authorities and people there managed to push back the Day Zero, the apocalyptic day when taps could run dry, to 2019.