“3CS” – Collaboration, Cooperation and Communication can be used to create world class Universities, says President The President of India, Shri Pranab Mukherjee addressed the delegates of the Times Higher Education BRICS and Emerging Economies’ Universities Summit, 2015 yesterday (December 2, 2015) at Rashtrapati Bhavan. Speaking on the occasion, the President said that in today’s… Read More »
Source : Securities and Exchange Board of India 03.12.2015 Concept paper for issuance of Green Bonds 1. Background A green bond is like any other bond where a debt instrument is issued by an entity for raising funds from investors. However what differentiates a Green bond from other bonds is that the proceeds of a… Read More »
Source : Reserve Bank of India RBI/2015-16/258 DBR. AML. No. 7312/14.01.001/2015-16 December 3, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid… Read More »
RBI/2015-16/257 FIDD.CO.Plan.BC.No.14/04.09.01/2015-16 December 3, 2015 The Chairman All Regional Rural Banks Dear Sir/Madam, Regional Rural Banks – Priority Sector Lending – Targets and Classification During the last decade, Regional Rural Banks (RRBs) have undergone significant structural and operational changes, be it two-phased amalgamation, implementation of CBS platform or recapitalization, inter alia. Considering the growing significance… Read More »
IN THE ITAT KOLKATA BENCH ‘A’ EIH Ltd. v. Deputy Commissioner of Income-tax, Circle-8, Kolkata MAHAVIR SINGH, JUDICIAL MEMBER AND M. BALAGANESH, ACCOUNTANT MEMBER IT APPEAL NOS. 316 & 426 (KOL.) OF 2006 & 1808 (KOL.) OF 2007 [ASSESSMENT YEAR 2002-03] SEPTEMBER 11, 2015 Facts of the Case (Para no 14) :- The brief facts… Read More »
Central Board of Direct Taxes Circular No 20/2015 Dated 02 December 2015 TDS from Salaries for FY 2015-16 Complete Circular
IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Neena Aggarwal ….Appellant. Versus Commissioner of Income Tax, Panchkula …Respondent ITA No. 368 of 2015 Date of Decision: 17.11.2015 Facts of the case The assessee had derived income from running a boutique. She filed return under Section 44AF of the Act and no books of… Read More »
SUPREME COURT OF INDIA Commissioner of Income-tax, Delhi v. Bharti Cellular Ltd. S.H. KAPADIA, CJ. K.S. RADHAKRISHNAN, J. CIVIL APPEAL NOS. 6691 TO 6699 OF 2010 AUGUST 12, 2010 Civil Appeal Nos. 6696/2010, 6697/2010, 6698/2010 and 6699/2010 arising out of S.L.P. (C) Nos. 13027/2009, 13029/2009, 13030/2009 and 20909/2009 are taken on Board along with these… Read More »
HIGH COURT OF PUNJAB AND HARYANA C.S. Atwal v. Commissioner of Income-tax, Ludhiana AJAY KUMAR MITTAL AND FATEH DEEP SINGH, JJ. IT APPEAL NO. 200 OF 2013 (O & M) JULY 22, 2015 Ajay Vohra, Sr. Advocate, Rohit Jain, Adv., Ms. Radhika Suri, Sr. Adv., Tej Mohan Singh, Adv., Ms.Rinku Dahiya, B.S. Sewak, Keshav Kataria,… Read More »
Facts of the Case :- As per the reasons recorded by the AO, The Assessement was re opened :- “The assessee trust was created on 4th Feb., 2000. For the relevant period the assessee has not filed any IT return. Moreover no returns for the asst. yrs. 2002-03 and 2003-04 have been filed.” Held The… Read More »