'Egregious conduct' demands a third CIT corruption report: Integrity Commission
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IOL News
2 days ago
- IOL News
Chimaev is Du Plessis' biggest fight to date, and South Africa's
The South African is set to fight Chimaev in Chicago next week at UFC 319 to mark what will be his third fight in exactly 12 months, an almost rare feat for an MMA fighter. However, Du Plessis, as he has done throughout his career, has decided to stare straight into the eyes of adversity as he pushes to leave no doubt that he is indeed the best middleweight in the world. With unmatched wrestling and grappling skills and the sheer strength of the man, fighters shiver and try to stay as far away from the Chechen-born fighter. They call Chimaev "The boogeyman" of the UFC, and rightfully so. After all, the 31-year-old has rag-dolled every single one of his opponents since making his debut in 2020. The South African MMA Star and UFC Middleweight Champion has been calling out Khamzat Chimaev since his first title defence, when he finished UFC Hall of Famer Israel Adesanya in Australia a year ago. WHO calls out the most feared man in the Ultimate Fighting Championship, risking his belt, his legacy and unbeaten streak in the UFC? Reset restore all settings to the default values Done Beginning of dialog window. Escape will cancel and close the window. While Chimaev carries this cloud of intimidation, Du Plessis goes into the fight as the underdog, at least to the bookies. Throughout his UFC career, the 31-year-old has been criminally underrated. Many have looked down on him for his 'unorthodox' fighting style and his 'poor' cardio at times. To many, the South African just wasn't championship material, and they believed it was only a matter of time until he got put back in his place. However, opponent after opponent, Du Plessis has silenced the noise as he became the first and only fighter to submit former champion Adesanya and knock out Robert Whittaker. This time around, many still believe he will succumb to Chimaev's pressure inside the octagon. However, the South African is confident to the point that he is offering the Chechen-born wrestler and grappler $10 000 for every takedown that he secures. It is as if Du Plessis knows something that the world doesn't know, and who can blame him when he and the Morne Visser-led, Pretoria-based CIT team have been able to break down every opponent to date. Despite his confidence, Du Plessis understands that this is the biggest fight of his life. Concurrently, the 31-year-old understands that this fight carries a lot of weight for South Africa and for South African MMA. What are the chances that the Professional Fighters League (PFL) would have debuted in South Africa last month and sold out if Du Plessis weren't the UFC champion? The event in Cape Town last month painted a vivid picture of just how passionate South Africans are about MMA, and even the great Khabib Nurmagomedov approved. This week, the PFL will host its second event in South Africa, Johannesburg, as South African MMA continues to shine. All this attention on South African MMA sets the stage for Du Plessis to prove once again that South African MMA deserves respect. The Chimaev fight is set for the United Centre in Chicago in the early hours of the 17th of August.
Time of India
6 days ago
- Time of India
HC upholds ITAT order granting 80G approval to Raipur-based society
Raipur: In a significant judgment, the Chhattisgarh High Court upheld a decision by the Income Tax Appellate Tribunal (ITAT) that allowed a Raipur-based society to receive tax exemption benefits under Section 80G of the Income Tax Act. The court ruled that since the society already had a valid registration under Section 12AA—which confirms its charitable status—the Income Tax Department could not deny 80G approval by questioning its activities. The court dismissed the department's appeal, stating that the ITAT followed legal precedent and committed no error in granting the relief. The High Court ruled that the Income Tax Appellate Tribunal (ITAT) was correct in directing that a society should be granted approval under Section 80G of the Income Tax Act, 1961, as long as its registration under Section 12AA of the Act is in existence. The court dismissed an appeal filed by the Income Tax Department, stating that no illegality or irregularity was committed by the ITAT in setting aside an order from the Commissioner of Income Tax (CIT). Section 80G of the Income Tax Act, 1961 provides tax deductions to individuals and companies who donate to charitable institutions and funds in India, while Section 12AA of the Income Tax Act, 1961 deals with the registration of trusts and other charitable or religious institutions to avail tax exemptions on their income. The case involves a society that applied for approval under Section 80G of the Act on 28 Feb 2014. The CIT, Raipur, rejected the application on 25 Aug 2014, finding that the society was engaged in commercial activities and could not be considered a charitable organisation. The CIT noted that the society was running institutes on commercial lines, took large bank loans for infrastructure, and rented out its buildings for commercial purposes. The society filed an appeal with the ITAT, Raipur Bench, which allowed the appeal on 15 Jan 2019. The ITAT set aside the CIT's order and directed that the society be granted approval under Section 80G. The Income Tax Department, challenging the ITAT's decision, argued that the tribunal failed to appreciate that the society was providing vocational education for a fee, which it said did not qualify as "education" under Section 2(15) of the Act. The department contended that the society's work was commercial and not charitable. Counsels for the society, Sumesh Bajaj and Rishabh Bajaj, supported the ITAT's order. They argued that benefits under Section 80G of the Act cannot be denied if registration under Section 12AA is valid and has not been cancelled. They stated that the society's registration was renewed until Assessment Year 2026-27. The counsel cited judgments from the Supreme Court and the High Courts of Gujarat and Punjab and Haryana to support their arguments. After hearing both sides and reviewing the orders, Chief Justice Ramesh Sinha and Justice Bibhu Datta Guru ruled in favour of the society. The court noted that the ITAT's decision was based on a precedent from the Gujarat High Court, which held that once registration under Section 12AA of the Act is granted, the benefits cannot be denied. The court observed that the department had not presented any material to show that the decision relied upon by the ITAT was set aside by a higher judicial forum. It held that the ITAT had not committed any illegality or irregularity. The High Court answered the substantial question of law in favour of the respondent and against the appellant. It upheld the ITAT's decision, ruling that as long as the registration under Section 12AA of the Act is in existence, the Income Tax Department cannot make a further enquiry into the genuineness of the society's activities and whether they are charitable. The appeal filed by the Income Tax Department was dismissed. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Yahoo
31-07-2025
- Yahoo
Tariff Ticker: Trump Scores Victory in De Minimis Challenge, But No Deal With China Yet
The U.S. Court of International Trade (CIT) has declined for now to block President Donald Trump's executive orders ending the de minimis trade exception for shipments valued at $800 or less—a victory for the administration amid a number of challenges to its authority on issues of trade. On Monday, a panel of three judges handed a tentative victory to the president in a case brought by Michigan-based Detroit Axle, a supplier of car parts like brake rotors and wheel bearings. In its complaint, the company challenged the legality of Trump's decision to end the longstanding trade provision, which has allowed it to import small shipments of goods from China that it said are essential to its business. As a result of Trump's trade actions, the company announced last week that it would close one of its regional warehouses, imperiling the jobs of 102 employees. More from Sourcing Journal Trump Administration's DOJ Primed to Tackle Tariff Evasion With New Unit UPS China-to-US Shipments Decline More than Expected in Q2 China Inks $65.5M in Textile Projects for Egypt's SCZone Detroit Axle sought, and was denied, a motion for a preliminary injunction against the kibosh on de minimis. The judges ruled that the scope of the lawsuit is already being addressed in another lawsuit challenging Trump's 'reciprocal' tariffs. 'We will not grant redundant, contingent relief through a preliminary injunction here,' the decision read. In the other case, which was brought by a number of U.S. businesses in May, the CIT ruled against the president's imposition of duties under the International Emergency Economic Powers Act (IEEPA), saying that he'd overstepped his authority in leveraging the little-known trade law to justify sweeping tariffs on trade partners. Shortly after the decision, however, the administration requested a stay of the injunction with the U.S. Court of Appeals for the Federal Circuit (CAFC) and was granted a temporary stay. As a result, the IEEPA tariffs are able to move forward while the legal proceedings play out. The appeals court is slated to hear oral arguments on the case Thursday morning, one day before the pause on worldwide duties expires. With that deadline looming, the administration has been firing off letters to foreign trade partners and expediting handshake deals with a number of ASEAN nations, along with Japan. Most recently, the president touted a deal with the European Union, announced Sunday from Scotland with European Commission President Ursula von der Leyen, wherein the 27-member trade bloc will pay 15-percent duties on about 70 percent of the volume of goods imported into the U.S. market. Far from satisfied, many European leaders had hoped for a lower rate, and now shippers are pushing for details that remain scant. Meanwhile, cabinet members including U.S. Trade Representative (USTR) Ambassador Jamieson Greer and Treasury Secretary Scott Bessent met with Chinese trade officials in Stockholm this week, concluding negotiations Tuesday without formalizing a path forward for the trade relationship after weekend speculation that a deal could be forthcoming. China and the U.S. in May agreed to a bilateral pause on retaliatory tariffs that would last for 90 days, with an end date of Aug. 12. While there was no formal agreement to extend the pause and continue talks, Bessent attempted to quell anxieties that the truce was disintegrating. 'Just to tamp down that rhetoric, the meetings were very productive,' Bessent said, according to CNN. 'We just haven't been given that signoff,' he added, referring to approval from Trump. Greer also said a 'potential pause' was on the table, should the Commander in Chief approve it. Trump himself added Tuesday that he felt the meetings had been positive, and said he aims to meet with Chinese President Xi Jinping before the end of 2025. The president didn't espouse such a rosy outlook with regard to one of the country's other biggest trading partners, however. Despite a close relationship with India's prime minister, Narendra Modi, Trump said Tuesday that he plans to slap the country with 25-percent tariffs on Friday should Washington and New Delhi fail to reach a consensus. On 'Liberation Day' in April, Trump threatened India with 26-percent duties. He didn't offer an explanation for the adjustment, but has repeatedly called the dealmaking process 'tough' due to India's high import duties and a growing trade imbalance with the U.S. Greer said in an interview on CNBC Monday that brokering a deal with India will take more time. 'They have expressed strong interest in opening portions of their market, we of course are willing to continue talking to them,' the USTR ambassador said. 'But I think we need some more negotiations on that with our Indian friends to see how ambitious they want to be.' Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
