Resolution of more than 100 Cases of Transfer Pricing Disputes with USA Under MAP One of the significant steps taken by Central Board of Direct Taxes(CBDT to boost investment sentiments among MNCs is the landmark Framework Agreement signed with the Revenue Authorities of USA in January, 2015. This agreement was finalised under the Mutual Agreement… Read More »
India and ADB Sign $80 Million Loan Agreement to Improve Urban Services in Two North Eastern State Capital Cities of Agartala and Aizwal The Asian Development Bank (ADB) and the Government of India signed here today an $80million loan agreement to continue improving infrastructure in two North Eastern State Capital cities. The loan is the… Read More »
Held Appellant’s activities are not only restricted to sale, but includes host of other activities including assisting in the system of grading and standardization of tea for the purpose of export and also deals with details such as colour, taste, quality and quantity for export of tea and are professional tea taster. They also monitor… Read More »
Held There is also an option given to the employee to ultimately purchase the car at the end of his employment and the employee would also be under the obligation to purchase the car at the rate which is a written down value. That by itself, can not be an exception. What is relevant is,… Read More »
IN THE ITAT BANGALORE BENCH ‘C’ New Mangalore Port Trust v. Assistant Commissioner of Income-tax, Circle 1 (1), Mangalore VIJAY PAL RAO, JUDICIAL MEMBER AND JASON P. BOAZ, ACCOUNTANT MEMBER IT APPEAL NO. 1299 (BANG.) OF 2013 [ASSESSMENT YEAR 2009-10] NOVEMBER 6, 2015 V. Srinivasan, CA for the Appellant. Smt. Chandana Ramachandran, CIT, DR for… Read More »
Ministry of Shipping to invest Rs. 14,225 crores on various Port Projects In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasizing on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other… Read More »
Two Separate Memoranda of Understanding (MoU) signed between Ministry of Railways and Governments of Kerala and Andhra Pradesh for “Formation of Joint Venture Companies for Development of Railway Infrastructure in these States To Work In Collaboration With States For Developing Railway Infrastructure In The Country Is Our Priority : Suresh Prabhu Relationship With States is… Read More »
Central Institute of Buddhist Studies (CIBS) shall be a deemed-to-be-university, provisionally for a period of five years, under the de novo category The Central Government, on the advice of the UGC, has declared that ‘Central Institute of Buddhist Studies (CIBS), Choglamsar, Leh (Ladakh), Jammu & Kashmir, shall be a deemed-to-be-university for the purpose of the… Read More »
Defence Minister Presents Rakshamantri Award for Excellence for 2012-13 and 2013-14 The Defence Minister Shri Manohar Parrikar gave away the RakshaMantri Awards for Excellence for the years 2012-13 and 2013-14 here today in recognition of exemplary performance amongst Ordnance Factories and the nine Defence Public Sector Undertakings (DPSUs). Speaking on the occasion Shri Parrikar call… Read More »
Republic Day Parade 2016 Awards Announced Assam Regiment Adjudged Best Marching Contingent amongst Services The results of different competitive presentations in the Republic Day Parade – 2016 have been announced by the Ministry of Defence. Among the Services category, Assam Regiment has been adjudged the best marching contingent. In the category of Para-Military Forces and… Read More »