Customs - Neither assessee can seek refund nor Revenue can proceed to recover refund already sanctioned without challenging the earlier order by way of remedy provided in Section 128 of Customs Act: CESTAT (See 'TOG Latest')Service Tax - Assessee must exhaust appellate remedy before invoking writ remedy - Issues of facts cannot be adjudicated by writ court, where such issues can be raised before appellate authorities: HC (See 'TOG Latest')I-T - Any expenditure that does not bring any additional advantage to assessee's business is revenue expenditure: ITAT (See 'TOG Latest')DTAA - When agent is paid an arm's length remuneration for the services rendered, nothing survives for taxation in the hands of dependent agency PE: ITAT (See 'TOG Latest')Post-COVID, N-E States to script Indian economic growth: MoS (See 'TOG News')FCI distributes 76.62 LMT of food grains in May-June 2021 (See 'TOG News')India, Fiji ink MoU for cooperation in agricultural R&D (See 'TOG News')DTAA - The expression 'depository' & 'domestic depository' are expressions with distinct connotations and requirements of 'depository' cannot be read into requirements of 'domestic depository': ITAT (See 'TOG Latest')I-T - For purposes of TDS deduction, when estimate made by assessee is held to be honest and bona fide, assessee cannot be treated as assessee in default: ITAT (See 'TOG Latest')VAT - Where an assessee transfers goods to own registered premises in one State & thereafter makes an inter-State sale to a buyer in another State, the assessee is liable to pay tax u/s 8 of CST Act 1956: HC (See 'TOG Latest')Sales Tax - A subordinate authority is not empowered to supersede the orders passed by appellate authority & administrative discipline requires that subordinate authorities should follow orders of appellate authority: HC (See 'TOG Latest')Comfortable with colonial legacy of DM but uneasy with Britishers-designed Parliament (See 'taxindiaonline')A Divided Opinion by Bombay High Court on Levy of GST on Intermediary Services (See 'THE INSIGHT')Human capital holds key to create manufacturing ecosystem in Eastern India: Pradhan (See 'TOG News')Govt scotches news reports of hike in Indian deposits in Swiss banks (See 'TOG News')Interplay between CA, 1962 and the GST Laws r/w Maritime Zones Act, 1976 (See 'THE INSIGHT')COVID - CSIR, Tata join hands for wider case detection (See 'TOG News')
Tax on Go


CSIR Overarching Committee develops framework to support industry
By TOG News service
Jun 10, 2021

TOG NEWS SERVICE, NEW DELHI, JUN 10, 2021: SCIENCE and Technology Minister Mr Harsh Vardhan on Wednesday reviewed the recommendations made by the Overarching Committee of the Council of Scientific and Industrial Research (CSIR) to enhance support to the industry and make the organisation globally competitive.

The government is focused on harnessing the intellectual capital, excellence and dedication of the scientific fraternity in realising the dream of a Science and Technology (S&T) led, inclusive and sustainable development, said the minister.

"CSIR has the capability to emerge as a ‘New CSIR' that is 21st-century ready and globally competitive and contributes to alleviating the problems of common man through S&T," said Mr Vardhan.

Recommending the concept of "science for people and people for science" to enhance collaboration in R&D projects, the minister said the field needs to attract young scientists with new research curiosities.

He advised that with the availability of high-class infrastructure, the possibilities of research on day-to-day needs of the common people should be explored.

" There is an immediate need to bridge the gap between the technologies developed and its benefits made available to the common people at affordable prices ," he added.

CSIR's Overarching Committee focuses on seamless industry interface and extending technological support to the Indian industry. It was constituted under the Chairmanship of Mr S. Ramadorai, Former CEO and MD of Tata Consultancy Services along with eight area-wise sub-committees led by experts.