Service Tax - It is settled law that when an order is passed in violation of principles of natural justice, availability of alternative remedy is not bar to exercising jurisdiction under Article 226 of Constitution of India: HC (See 'TOG Latest')Central Excise - It is settled law that when Board's circular & judgment of court of law is prevailing & judgment has contrary view to board circular, in such case the court's judgment will prevail over board circular: CESTAT (See 'TOG Latest')I-T - A company created for purpose of providing re-employment to ex-servicemen, can be denied registration u/s 12AA solely because it generated considerable revenue with mark-up on cost of 10-12%: ITAT (See 'TOG Latest')I-T - Loss on conversion of shares held as stock in trade into investment, claimed as deduction by assessee which is not in fact allowable, amounts to incorrect claim & hence qualifies as escaped income: HC (See 'TOG Latest')I-T - Any expenditure incurred for purpose of business of assessee can be allowed as deduction whether such business is continued or discontinued, albeit where assessee proves the same: ITAT (See 'TOG Latest')TP - Consideration paid to overseas software supplier for purchase of off-shelf software, does not amount to royalty: ITAT (See 'TOG Latest')Customs - When disputed facts are raised between parties, they cannot be entertained & High Court cannot conduct a roving enquiry with reference to the dispute, which is to be resolved with reference to the documents and evidence produced before the competent authorities: HC (See 'TOG Latest')Customs - Issuance of Detention Certificate per se would not confer any right to get refund directly from service provider, who is a private party: HC (See 'TOG Latest')Damodaran Committee Report - A Timely Advisory to Govt for 'Doing Serious Regulatory Business' (See 'EDITOR's KEYBOARD')Demand of Tax In The Case of Merged & Acquired or Amalgamated Entities (See 'THE INSIGHT')I-T raids Pan Masala manufacturers; seize Rs 52 lakhs in illicit cash (See 'TOG NEWS')Govt probing complaints against e-commerce entities: MoS (See 'TOG NEWS')
Tax on Go


Post-COVID, N-E States to script Indian economic growth: MoS
By TOG News service
Jun 23, 2021

TOG News Service, New Delhi, June 23, 2021: THE Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today said that Northeast will lead post-COVID India's growth story. He said, the North Eastern Region is fast emerging as a role model in many spheres including the COVID management and added that in the post-COVID times, when we are engaged in building up India's economy, there will be a tendency to look for unexplored areas of generating business and revenue, and the Northeast would be seen as a perfect destination.

The Minister was speaking as chief guest at a conference titled “The Land of Emerging Opportunities, focus area Manipur” organized by ASSOCHAM and Government of Manipur.

Dr Jitendra Singh said that the kind of transformation that took place in the North-Eastern Region in the last seven years in all spheres of life under the leadership of Prime Minister Narendra Modi is both incredible and unprecedented. He said, there have been constant efforts by the Government to help businesses and entrepreneurs and significant steps have been already in this direction and the reforms are underway in the area such as investment in agriculture, hydel-power, infrastructure, information and communication technology, tourism as well as in creating new avenues of growth through the development of vertically integrated food processing chains, marketing the skill development and cross-border trade. 

Dr Jitendra Singh said that the Central Government is giving special impetus to entrepreneurship in Northeast and the bottlenecks such as power, road, infrastructure, connectivity are fast diminishing. He added that Government has prioritised projects of power generation and distribution so that there is availability of quality power to help businesses to grow. This will positively impact the overall economic development of the region, he added. He said, North-eastern region's infrastructure growth, supported by Govt of India, international agencies, is finest of example of ‘People, Partnerships and Projects and creation of SEZs is a key towards providing opportunities to business and people. 

Dr Jitendra Singh said Manipur's strength lies in its people and its natural resources and expressed the hope that the State will emerge as an IT Hub of not only Northeast India, but also a leading IT Hub of India as a whole. He appealed to business leaders to come forward in partnership with the state to strengthen the economic landscape of the state and region. He said, IT-SEZ in Manipur will boost the State's economy, promote tourism, and most importantly create Employment opportunities both direct and indirect. It will also boost infrastructure development with units like Hotel, Hospital and Residential complex.   

Dr Jitendra Singh also laid stress on time bound completion of ongoing projects in roads, highways, water, airways and power generation and called for building the required infrastructures right up to the border areas, establishing connectivity and communication links to the cross border points to promote trade and economic exchanges. The Minister said that Manipur is the gateway for India's engagement with Eastern and South Eastern countries. 

Dr Rajesh Kumar, Chief Secretary, Government of Manipur, Mr Deepak Sood, Secretary General, ASSOCHAM, Dr Mahendra Aggarwal, Chairman, ASSOCHAM, Northeast Regional Development Council and Dr B.K.Panda, IOSF, Zonal Development Commissioner, East and Northeast also addressed the conference.