India and Armenia Sign Protocol amending the India-Armenia Double Taxation Avoidance Convention A Protocol to amend the existing Double Taxation Avoidance Convention was signed by the Government of India and the Government of Armenia here today. The Protocol amends the Double Taxation Avoidance Convention between India and Armenia that has been in existence since 9th… Read More »
Hybrid Annuity model for implementing highway projects The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Hybrid Annuity Model as one of the modes of delivery for implementing the Highway Projects. Adopting such a model for projects not found viable on BOT (Toll) mode… Read More »
Increasing the Authorized Share Capital of the National Scheduled Castes Finance and Development Corporation The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi today gave its approval for enhancement of. Authorized Share Capital of the National Scheduled Castes Finance and Development Corporation (NSFDC), a Central Public Sector Enterprise (CPSE) working under the aegis… Read More »
Revised cost estimate of Rs.969 crore in connection with the Afghan Parliament Building in Kabul The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi today gave its ex-post facto approval for completion of the Afghan Parliament Building in Kabul by 31st December, 2015 at a revised project cost of Rs.969 crore. The project… Read More »
Cabinet approves raising of 17 Indian Reserve Battalions by J&K and LWE States The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has approved the raising of 17 India Reserve Battalions (IR Bns) by Jammu & Kashmir and Left Wing Extremism (LWE) affected States. It includes five IR Bns in the state… Read More »
Signing of Memorandum of Understandings between Indian Computer Emergency Response Team with (i) CyberSecurity, Malaysia; (ii) Cyber Security Agency of the Republic of Singapore; and (iii) Japan Computer Emergency Response Team Coordination Center on Cooperation in Cyber Security The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was today apprised of the Memorandum… Read More »
Utilization of dredged sand in Cochin Port Cochin Port Trust has approached KITCO to undertake a study for utilisation of dredged sand. Cochin Port Trust has been exploring methods of reducing the net expenditure on maintenance dredging. One of the suggestions in this regard was utilization of the material from the dredging. Approximately 21 million… Read More »
Jain Irrigation Systems Ltd. v. Commissioner of Central Excise, Mumbai M.V. RAVINDRAN, JUDICIAL MEMBER ORDER NOS. M/4872/2015/SMB AND A/3580-3581/2015/SMB APPLICATION NO. ST/MA(ORS.)/94578/2015 APPEAL NOS. ST/89895 AND 89901/2014 OCTOBER 28, 2015 Aqueel Sheeraji, Adv. for the Appellant. A.B. Kulgod, Asstt. Commr. (AR) for the Respondent. ORDER 1. These two appeals filed by the appellant are against… Read More »
CESTAT, MUMBAI BENCH Commissioner of Service Tax, Mumbai-I v. ICICI Bank Ltd. M.V. RAVINDRAN, JUDICIAL MEMBER AND C.J. MATHEW, TECHNICAL MEMBER ORDER NOS. A/2793-2794/15/STB APPEAL NOS. ST/349 AND 350/2011 AUGUST 6, 2015 S.S. Gupta, CA for the Appellant. Ms. P.V. Sekhar, Dy. Commissioner (AR) for the Respondent. ORDER C.J. Mathew, Technical Member – M/s ICICI… Read More »
whether the provisions of section 2(22)(e) of the Act could be invoked on the family members of the assessee who are not shareholders in the lending company and accordingly whether clubbing provision would be applicable for deemed income ? It is also observed that both the son and daughter of the assessee are not shareholders… Read More »