MoU to provide 1 lakh trade apprentices for youth in over 3 years Ministry of Skill Development and Entrepreneurship in line with Prime Minister’svision to make India skill capital of the world, yesterday signed a Memorandum of Understanding (MoU) with Yashaswi Academy for Skills with an objective to exponentially expand the number of apprentices in… Read More »
Change In Tariff Value of Crude Palm Oil, Rbd Palm Oil, Others – Palm Oil, Crude Palmolein, Rbd Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52… Read More »
Held we uphold the contentions of the Revenue by holding that the assessee had not paid the self-assessment tax in the return of income under Section 153-A and 143(2) of the Act for the assessment years 2007-08 to 2012-13, the application was not valid and quashed the order dated 26.05.2014 (Annexure R/4) passed by the… Read More »
Held It is apparently clear that the moment an agreement to sell is executed between the parties and part consideration is received, the transfer for the purpose of Section 50C of the Act takes places and computation under Section 48 of the Act will start accordingly, for the purpose of calculating the capital gains under… Read More »
Held It was further observed in Khanna & Annadhanam (supra) as under: “The arrangement with DHS was in vogue for a fairly long period of time (13 years) and had acquired a kind of permanency as a source of income. When that source was unexpectedly terminated, it amounted to the impairment of the profit-making structure… Read More »
Held Publishing of newspaper is a commercial line which cannot be considered as charitable activity, so as to grant exemption u/s.11 of the Act. Accordingly, we are in agreement with the lower authorities and we deny the exemption u/s.11 of the Act. IN THE ITAT CHENNAI BENCH ‘A’ Murasoli Trust v. Assistant Director of Income-tax… Read More »
GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT RULES W.R.T. NCLT RELATED PROVISIONS UNDER THE COMPANIES ACT, 2013 Dated the 28th January, 2016 Click to view
Seeks to rescind notification No. 10/2010 – Customs dated 19th February, 2010. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 3/2016-Customs (ADD) New Delhi, the 28th January, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-sections… Read More »
Seeks to levy definitive anti-dumping duty on Melamine, originating in, or exported from the Peoples Republic of China, for a period of five years. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 2/2016-Customs (ADD) New Delhi, the… Read More »
Seeks to levy definitive anti-dumping duty on Mulberry Raw Silk (not thrown) of grade 3A and below, originating in, or exported from the Peoples Republic of China, for a period of five years. TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT… Read More »