If the stock market crashes I still think its a good time to buy stocks

first_imgUnder the market crash scenario, the same investment was worth 4.10% more at the end than under the no market crash scenario. If the stock paid a dividend, then the difference would be greater. If I knew that the starting and ending share prices would be the same, I should prefer market crashes along the way. Of course, I would never invest in a single share, but rather a basket of them to diversify company-specific risk. This example used a single share only for simplicity.Always a good time to buy stocksStock markets crash, that’s just something investors will have to get used to. But, since I am investing regularly in a basket of what I believe are quality stocks, I do not despair when prices start to tank. In fact, so long as I have confidence that the companies I invest in will grow larger over 10 years or so, I should prefer the stock prices to dip along the way. So, I always think now is the right time to buy into a basket of quality stocks. James J. McCombie | Friday, 30th October, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Market CrashesNo Market Crashes See all posts by James J. McCombie Market Value£18,381.01£19,135.42 I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Number of Shares9,92910,337 Final Share Price185.12p185.12p Stock markets are becoming more volatile. The second wave of the coronavirus has the potential to cause another full-blown stock market crash. The trouble is no one can say for sure that it will, or when it will be, how deep it will go, or how long it will last. Given there is a lot of uncertainty in the markets, it’s hard not to wonder if now is a good time to buy stocks or not. I believe it is, but I then again, I always do.If I cannot get reliably time the market, then there is no point trying. So, I regularly invest no matter if the markets are up or down. It is challenging to buy when prices are falling. However, I know that if I am regularly investing for the long term, in a basket of stocks that I believe will be worth more in 10 years than they are now, I should be okay. In fact, market crashes can increase my wealth so long as I have the time to ride them out.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Stock market crashesLet’s consider two scenarios for a fictional share. In both cases, the share price starts at 100p and ends at 185.12p But in one scenario the share price moves up a little each month, while in the other, the share price is a lot more volatile. The chart below shows how the price of this fictional share will behave over 120 months under both scenarios. I am going to invest £1,000 in this stock initially (which buys 1,000 shares) and then £100 each month for 119 months. In the first scenario:With no market crashes, as the price rises ever higher, my £100 investments buy fewer and fewer shares as time goes by. Nevertheless, after 10 years I end up with 9,929 shares, which at a price of 185.15p each are worth £18,381.01. However, with market crashes, there are periods where a £100 investment buys more shares than it previously did. And so, in the market crash scenario, I end up with 10,337 shares, which at a final price of 185.12p are worth £19,135.42. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images Total Invested£12,900£12,900 Our 6 ‘Best Buys Now’ Shares Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Average Share Price129.92p124.79p I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. If the stock market crashes I still think its a good time to buy stocks James J. McCombie has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

Lions 2013: Israel Folau v George North. Tale of the tape

first_img So, so close: The titanic battle between wings George North and Israel Folau has been mesmerising to watchBy Owain JonesIT’S BEEN the Frazier v Ali of the 2013 Lions Test Series. George North and Israel Folau have provided rugby fans with some stellar moments of drama in the first two Tests. So, with a round to go, we spoke to two legends of the game, Australia’s 102-cap fly-half Stephen Larkham, now backs coach with the ACT Brumbies and 91-cap Wales and Lions wing Shane Williams to run the rule over two of the most exciting players in world rugby.Game awareness         Williams on North: “They say reading of the game and positional play comes with experience and George is ahead of where I was at the same age. He’s still learning the game and there’s no better place to learn the game than out on the flank. Rugby is very technical nowadays and his positioning is continually improving, along with his workrate. You can see how he’s already trying to manipulate defences. He is running off No 10s shoulders, popping up in midfield and he’ll even turn up on the other wing looking for work.”Larkham on Folau: “Izzy is naturally talented athlete with in-built skills from his NRL and Aussie Rules background meaning he is comfortable with balls in the air and passes well off both hands. He has a great standing leap, a strong fend and he’s able to offload well. One thing he doesn’t do is back himself to kick. In the few games in Union, he’s played at the Waratahs he’s played at full-back where his lack of positional awareness has been shown up, particularly defensively. In the Tests, he is less vulnerable on the wing. There are also some instances when he’s not working hard enough with his kick-chase. I was a bit skeptical when Robbie Deans said he needed to get his hands on the ball more in the Second Test but I was really impressed. With little room to move he created opportunities for the team to go forward, especially for Adam Ashley Cooper’s winning try.”Power play: Folau outleaps NorthPower         Williams on North: “George is a very powerful guy, you only have to look at him to know that. He has his own individual programme and trains hard doing power weights – he doesn’t just work on his bench press day after day. Look at how easily he picked up Israel Folau! He’s very meticulous and works hard with conditioner Adam Beard. At just 21, he is one of the most powerful wings in the world.”Larkham on Folau: “Israel is in the top, top bracket for power, but what sets him apart as a player is his athleticism. I’m told he has a good attitude at training and works hard. He’s a big guy, 6ft 4in and 102kgs, and for his size electric on his feet. His step, as we saw in scoring in the first Test is unbelievable.”SpeedWilliams on North: “Every one talks about his power but George is deceptively quick. One day he could move in one to No 13 but he’s easily quick enough for a wing and reaches 40 metres in under five seconds. The speed coach Frans Bosch has worked with him closely over the years, as I did over the World Cup, and I know he’s a player constantly wanting to push the boundaries of what he can achieve. Larkham on Folau: “Once Izzy gets his hands on the ball, he has unbelievable feet and he’s very, very quick. As I’ve said, he’s still learning when it comes to wing-play in rugby union. He played a bit of league on the wing, but the roles are subtly different. You need to help your full-back defensively. It’s not just linking with everyone else, but rabbiting down the field trying to put the pressure on. He’s gaining invaluable experience with the Waratahs at full-back and that’s helping him out with his understanding of wing play.”Well-matched: Folau and North have been sensationalX-FactorWilliams on North: “What you don’t expect from George is such good footwork. Okay, sometimes he doesn’t need it because he can run over the top of players but for his try against the Wallabies, Berrick Barnes didn’t lay a finger on him to step in and out on his left. It takes a special finisher to do that and it’s rare in an athlete over 100kgs. He’s a different shape to Folau, who is a typical rangy AFL shape, with narrower hips is very springy, he strides out a bit like Usain Bolt. George is sharper on the turn, he can find the outside yet keep his power. Folau tried a couple of offloads which didn’t come off but George is clever, he knows when to hold onto the ball and when to get rid of it. He rarely wastes ball.”Larkham on Folau: “Israel is very laid back and gets on well with all the players. I haven’t heard anyone saying a bad word about him. There’s talk that he’s seen the light in rugby union and he knows there are regular big-occasion Test. In many ways, there are similarities with Sonny Bill Williams. They have a similar skill-sets and Sonny Bill was a revelation. I think he’s seriously considering Union and I hope he stays.”Verdict         It’s coming up to the final round we’ll find out on Saturday who’s going to land the final knockout blow.Stephen Larkham and Shane Williams were speaking on behalf of Land Rover, for more visit www.landrover.com LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALScenter_img BRISBANE, AUSTRALIA – JUNE 22: George North of the Lions and Israel Folau of the Wallabies in action during the First Test match between the Australian Wallabies and the British & Irish Lions at Suncorp Stadium on June 22, 2013 in Brisbane, Australia. (Photo by Matt Roberts/Getty Images for HSBC) last_img read more

BLM blocks streets over police killings

first_imgA bold Black Lives Matter march took Atlanta’s main downtown artery, Peachtree Street, on April 15 to demand justice for Stephon Clark, Saheed Vassell, Alton Sterling, Jamarion Robinson and Anthony Hill — to name just a few of those killed by police in Atlanta and across the country.Protesters blocked intersections of this central thoroughfare on their way to Piedmont Park, where tens of thousands were gathered for the annual Dogwood Festival. The festival features an extensive array of arts and crafts booths and food vendors, as well as live performances.The marchers moved directly in front of a large stage, chanting and holding their signs aloft, stopping the band’s music. While there were some negative responses, many in the crowd raised their fists in solidarity.The long-awaited trial of the cop who killed a naked Anthony Hill, a young Air Force veteran suffering a mental breakdown outside his apartment, is scheduled to begin on April 23. Hill was shot by Robert Olsen on March 9, 2015. Olsen was finally indicted on multiple murder counts by a DeKalb County grand jury in January 2016.Activists from the Black Lives Matter movement and disability community are mobilizing for a rally on April 21, and will pack the court for the motions hearing on April 23.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

TCU students combat human trafficking in DFW area

first_imgprintAfter witnessing human trafficking while studying abroad in India, two TCU students have launched a chapter of an international organization that combats the practice.Junior Madelyn Carter and senior Madeline Bailey said their experiences inspired them to revamp TCU’s anti-human trafficking organization.Carter and Bailey, along with senior Courtney Cochran, are co-presidents of TCU’s International Justice Mission (IJM) chapter. They started the organization last fall.IJM is an international group of lawyers, investigators, social workers and other professionals dedicated to ending human slavery, sex trafficking and sexual violence.So far, the organization has rescued more than 25,000 people from violence and oppression across the globe, according to the group’s website.IJM has a presence on many college campuses, and Carter said it was the perfect organization to bring to TCU.“We brainstormed with one of our professors from the trip about how we could make a difference in human trafficking in the Fort Worth community,” Carter said. “IJM seemed like a great place to start.”The TCU chapter held its first meeting of the semester last week at Carter’s house.At the meeting, group members discussed plans for the semester and introduced the “hype team” — students in charge of attending events and spreading the word about IJM.Carter said the TCU chapter focused on fundraising last semester. The group hosted events and raised $13,000 for local nonprofits, such as The Net. The events included a screening of “Nefarious” and a pancake drive followed by a fast.“Students donated the money they normally would have spent on food that day to the nonprofits we were working with, and it was incredible,” Carter said.Bailey said this semester the group is focused on increasing student awareness of the reality of human trafficking in the DFW area.“This area is actually a huge area for human trafficking because there’s both north-south and east-west highways as well as an airport,” she said.The organization plans on participating in the CowTown Marathon later this month to fundraise. IJM will also hold another screening of “Nefarious.”To get involved, visit the IJM Facebook page. Hannah Gibsonhttps://www.tcu360.com/author/hannah-gibson/ Facebook Facebook TCU places second in the National Student Advertising Competition, the highest in school history TCU students give a voice to the voiceless Hannah Gibsonhttps://www.tcu360.com/author/hannah-gibson/ Hannah Gibsonhttps://www.tcu360.com/author/hannah-gibson/ Hannah is a junior broadcast journalism major and a studio art minor. She is writing for TCU 360 and will be covering Student Organizations this semester. Hannah Gibsonhttps://www.tcu360.com/author/hannah-gibson/ Hannah Gibson Trump and Clinton: Where are the campaign signs? TCU Frog Camps returning to more traditional look this summer Twitter TCU students take part in adopting horned frogs The College of Science and Engineering Dean, Phil Hartman, retires after 40 consecutive years TCU alumnus competes in renowned fishing tournament Linkedin ReddIt Linkedin The TCU chapter of the International Justice Mission strategized semester plans at its first meeting of the semester. Previous articleMayor Price to speak at State of the City AddressNext articleEmergency alert systems test to sound Tuesday Hannah Gibson RELATED ARTICLESMORE FROM AUTHOR ReddIt + posts Twitterlast_img read more

Feeding The World

first_imgprintCOVID-19 has shaken the world to its core but has not cracked the TCU community spirit. Though we are all miles away from each other, TCU students and faculty have been able to keep up with each other and further our learning experience. Scroll through the window below or click here to read the full story.FeedingThe World by Frances Wetherbee. Pantone: Color of the year 2020 Paddle-out in Maui honors Floyd, other black lives ReddIt Will you be my quarantine? TCU 360 Staff Facebook ReddIt TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ Return of the disco: Latest fashion trends mirror the 1970s Facebook Sustainability is the new green: Fashion companies work towards environmentally-conscious practices TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/center_img Twitter Behind the runway: One TCU student’s experiences at Fashion Week Twitter TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ Linkedin Linkedin TCU 360 Staffhttps://www.tcu360.com/author/tcu-360-staff/ Previous articleHoroscope: May 1, 2020Next articleSpring athletes get another year of eligibility TCU 360 Staff RELATED ARTICLESMORE FROM AUTHOR + posts TCU 360 is an official, student-produced product of the School of Journalism at Texas Christian University. Family works to stay positive at homelast_img read more

Authorities block news coverage to get Yemen off international community’s agenda

first_img Help by sharing this information News YemenMiddle East – North Africa Fixer for foreign reporters held in Aden for past five months February 11, 2021 Find out more January 6, 2021 Find out more Yemeni journalist killed, nine wounded in Aden airport explosions February 26, 2021 Find out more Follow the news on Yemen News RSF_en center_img July 4, 2011 – Updated on January 20, 2016 Authorities block news coverage to get Yemen off international community’s agenda News Receive email alerts As in Syria and Bahrain, it is become increasingly difficult for both the national and international media to cover the protests in Yemen and the methods used by the government to crack down on the protests. The constant press freedom violations take a variety of often complex or veiled forms including abductions of journalists, murder attempts, arrests, expulsions, confiscation of newspapers, and threats and attacks on media offices.“Amid the chaos in Yemen, the authorities see control of news and information as essential,” Reporters Without Borders secretary-general Jean-François Julliard said. “By blocking the flow of information, the government manages to make the rest of the world forget that pro-democracy activists are also being killed or imprisoned in Yemen. It is time the international community ended its embarrassing silence on the situation in Yemen and assumed its responsibilities.”Reporters Without Borders firmly condemns the detention of New Zealander journalist Glen Johnson, who was arrested on 25 June on a charge of entering the country illegally. He was held for more than a week in a prison in Lahij province, south of the capital, before being handed over to security forces. He is due to be deported soon. His family is still without any news of him. A Free Glen Johnson from Yemens jail! page, has been created on Facebook.A freelancer who writes occasionally for the New York Times and International Herald Tribune, Johnson had, in addition to covering the protests, been working on a story about human trafficking from Africa to the Middle East via Yemen, a subject he has covered in other articles in the past. The Yemeni authorities gave him 72 hours to leave the country in 2010, when he was doing a story on sexual violence against women.Reporters Without Borders is meanwhile still without any news of Al-Sahwa.net correspondent Yahia Al-Thanaya, who was abducted at a checkpoint near the Al-Dailami air-base, a few kilometres outside Sanaa, on the night of 19 June, just a few days after reporting that the government was illegally holding activists at a secret detention centre within the base. In an apparent murder attempt, unidentified gunmen opened fire on the car of opposition journalist Salah Al-Din Al-Dakak outside the school his children attend in the southern province of Taiz on 25 June.Copies of the newspaper Al-Oula were seized on the outskirts of Sanaa on 25 June for the 19th time since pro-democracy demonstrations began in mid-February. Five days later, 2,000 copies of the newspaper Al-Umma were confiscated at a checkpoint in the southern city of Aden. The seizure of newspapers is often used by the authorities as a way to obstruct the flow of information about the protests and the ensuing government repression. Access to the Mareb Press website was also blocked on 30 June and its journalists were physically attacked.Since the start of the demonstrations calling for President Ali Abdullah Saleh’s departure:- Two journalists have been killed. They were Mohamed Yahia Al-Malayia, the correspondent of the newspaper Al-Salam, and Jamal Al-Sharabi, a news photographer working for the independent daily Al-Masdar, who were among the fatalities when government security forces opened fire on a peaceful demonstration outside the university in Sanaa’s Change Square on 18 March.- At least eight foreign reporters have been deported.- At least six Yemeni journalists have been kidnapped.- At least 50 Yemeni journalists have been physically attacked.- The Republican Guard has seized tens of thousands of copies of Yemeni daily and weekly newspapers.- Access to news websites has often been blocked. Al-Masdar Online has been blocked five times. Mareb Press has also been blocked several times.- The satellite TV station Al-Jazeera was forced to close its Sanaa bureau on 25 March. All of its journalists had their accreditation withdrawn. United Nations: press freedom situation “deeply worrying” in Yemen, according to RSF Organisation News YemenMiddle East – North Africa to go furtherlast_img read more

Russian parliament certifies free Internet’s death

first_imgThis law also requires search engines to remove all references to sites that are blocked in Russia. RSF_en Organisation to go further RussiaEurope – Central Asia Condemning abusesOnline freedoms Freedom of expressionInternet June 2, 2021 Find out more Listed as a “foreign agent”, Russia’s most popular independent website risks disappearing Follow the news on Russia Russia’s parliamentarians have given final approval to two laws intended to ban software that bypasses online censorship and tighten government control of search engines and messaging services. Reporters Without Borders (RSF) thinks they certify the death of a free Internet in Russia. RussiaEurope – Central Asia Condemning abusesOnline freedoms Freedom of expressionInternet News July 22, 2017 Russian parliament certifies free Internet’s death ​Credit: ​Natalia KOLESNIKOVA / AFP Russia is ranked 148th out of 180 countries in RSF’s 2017 World Press Freedom Index. Help by sharing this information center_img News The first law aims to plug the gaps in Russia’s Internet censorship by obliging services that circumvent website blocking – such as VPNs, proxy servers or the Tor network – to block websites that are banned in Russia. Those that do not comply will be rendered inaccessible in Russia. May 21, 2021 Find out more News The two laws marking a turning-point in Russian Internet censorship were among the torrent of bills that legislators approved in a rush yesterday, the last day of the parliamentary session before the summer break. Russian media boss drops the pretence and defends Belarus crackdown Two Russian journalists persecuted for investigating police corruption “The free Internet has just hours to live in Russia,” said Johann Bihr, the head of RSF’s Eastern Europe and Central Asia desk. “As we feared, the Duma has decided to step up censorship and surveillance of Internet users. We again condemn this escalation in draconian legislation, which tramples on the rights of Russian citizens and threatens the digital sector.” News The second law will require the identification of users of messaging services such as WhatsApp and Telegram by means to their telephone numbers and will allow the authorities to block certain subscribers or messages. Receive email alerts The approval of these laws by the upper chamber and their promulgation by President Vladimir Putin are formalities. The anti-VPN law should take effect on 1 November, the law on messaging services on 1 January. Their implementation nonetheless faces major technical challenges. May 5, 2021 Find out morelast_img read more

Rise in Rental Stock Indicates Growing Popularity of SFR Market

first_img Previous: What to Remember When Buying an REO Property Next: 2015 Five Star Conference to Kick Off Wednesday in Dallas NAHB Rental Stock Single-Family Rental Market U.S. Census Bureau 2015-09-14 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: NAHB Rental Stock Single-Family Rental Market U.S. Census Bureaucenter_img The single-family rental market has been gaining popularity in the last couple of years, as indicated by a moderate increase in rental stock.Na Zhao, Housing Policy Economist for the National Association of Homebuilders, pointed out on the NAHB’s Eye On Housing blog on Monday that according to data from the U.S. Census Bureau, rental stock jumped by 1.4 million during a two-year period from 2011 to 2013 up to 40 million. Single-family rental homes made up the largest portion of that stock, with 29 percent.”Contrary to popular expectations, most rental homes are smaller properties, single-family homes and multifamily buildings with 2 to 4 units,” Zhao said.The period from 2011 to 2013 saw a moderate increase in rental home share across all structure types, except for townhomes. Single-family rental homes (including both detached and townhomes) saw an increase of 3 percent during the two years, while multifamily stock climbed by just 1 percent during the same period.”However, the increase for single-family rental inventory was not due to initially built-for-rent purposes,” Zhao said.That trend may be changing; with the number of foreclosed properties on a steady decline in the years since the crisis, investors who had previously purchased REO or foreclosed properties cheap and rented them out are looking elsewhere for business. A recent report from NBC News indicated that investors are gravitating toward newly-build homes for the single-family rental market.Also according to Zhao’s blog post, the Census Bureau reported that 85 percent of rental housing stock during the period was located in urban areas (split evenly between central cities and suburbs with 43 percent and 42 percent, respectively).The mortgage industry has recognized the growing popularity of the single-family rental market. This week at the 2015 Five Star Conference and Expo in Dallas will include the inaugural Single-Family Rental Lab, and Five Star will host the inaugural Single-Family Rental Summit in Las Vegas from October 11 to 13.Editor’s note: The Five Star Institute is the parent company for DS News and DSNews.com. Home / Daily Dose / Rise in Rental Stock Indicates Growing Popularity of SFR Market The Best Markets For Residential Property Investors 2 days ago Rise in Rental Stock Indicates Growing Popularity of SFR Market Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles September 14, 2015 976 Views About Author: Brian Honea Subscribelast_img read more

Allahabad High Court Seeks Response Of GST Authority On Software Glitches Causing Harassment Of Poor Assessees

first_imgNews UpdatesAllahabad High Court Seeks Response Of GST Authority On Software Glitches Causing Harassment Of Poor Assessees LIVELAW NEWS NETWORK18 Jan 2021 5:11 AMShare This – xThe Allahabad High Court has sought the response of the Central Goods & Services Tax (CGST) Authority in a case relating to technical glitches in its software for issuing online show cause notices to alleged defaulters. A Single Bench of Justice Pankaj Bhatia noted that due to the said glitch, a concerned assessee was merely served the show cause notice via e-post, without the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Allahabad High Court has sought the response of the Central Goods & Services Tax (CGST) Authority in a case relating to technical glitches in its software for issuing online show cause notices to alleged defaulters. A Single Bench of Justice Pankaj Bhatia noted that due to the said glitch, a concerned assessee was merely served the show cause notice via e-post, without the reasons for issuance of such notice, thereby rendering him incapable of effectively defending/ presenting his case before the authority. “It appears that the system and the operators are solely responsible for the harassment being meted out to the poor assesses…this Court is unable to decipher whether, the harassment to the taxpayer is a personal one or the system/service provider is to be blamed,” the Court said wile issuing notice to the Revenue Secretary (Tax). In the facts of the case, the Assistant Commissioner, CGST had issued show cause notice to the Petitioner firm, proposing to cancel his registration certificate on the ground that it has failed to file the return for a continuous period of six months. The reason specified for the same in the notice read as under: “Reason for revocation of cancellation – Others” The Court observed that on account of the authority’s arbitrary action in serving the notice without clearly mentioning the reasons, the assessee was forced to approach one forum after the other, wasting his considerable financial resources as well as time, despite the fact that it had submitted all the pending returns along with late fees. It thus imposed cost of Rs. 10,000/- on the Assistant Commissioner, vide order dated November 21, 2020, for demonstrating lack of legally trained mind. It further directed that the cost shall be paid to the petitioner within 30 days by the Assistant Commissioner from his own salary. During the hearing held on January 11, the Assistant Commissioner urged the Court to recall its November 21 order and expunge the remarks made personally against him. Senior Advocate Anoop Trivedi, appearing for the Assistant Commissioner, submitted that while uploading the contents to be included in the show-cause notice, he had mentioned the following remarks:- “Interest due arising from late filing of return has not been paid”. He further submitted that whereas he had duly mentioned the reason for issuing show cause notice, the same were not included in the e-post due to technical error for which the technical team is analysing and the outcome would be communicated shortly. It was argued that the service agency namely ‘Wipro’ is probably at mistake. Based on these submissions, the Court decided to ascertain the liability of the person concerned whosoever he may be, for the glitches that have occasioned harassment to the petitioner and to fix cost thereafter on the person concerned. It directed Standing Counsel Ramesh Chandra Shukla to file the Government’s response on or before the next date fixed. The Bench further proceeded to stay the November 21 order for payment of cost to the Petitioner till the next date, i.e. February 3, 2021. “This Court is of the view that a direction for payment of cost as against the applicant and the observations shall remain stayed till the next date.” Case Title: M/S Ansari Construction v. Additional Commissioner, CGST(Appeals) & Ors. Click Here To Download Order Dated November 21 Click Here To Download Order Dated January 11Next Storylast_img read more

Shabazz perfect from field with 32 points in Dons’ 83-82 win

first_img Tags: BYU Cougars Basketball/Khalil Shabazz/San Francisco Dons/WCC January 25, 2020 /Sports News – Local Shabazz perfect from field with 32 points in Dons’ 83-82 win Written by FacebookTwitterLinkedInEmailKhalil Shabazz made all 10 of his shots from the field, including six 3-pointers, to score a career-high 32 points and rally San Francisco to an 83-82 victory over BYU.The Dons trailed by 14 with just under 16 minutes left then went on a 21-0 run that included 10 points from Shabazz and six from Jamaree Boyea, who finished with a career-high 23 points on 10-of-15 shooting.BYU got within two with just under a minute remaining but free throws sealed the win for USF. TJ Haws led BYU with 20 points. Associated Presslast_img read more