Centre to contribute Rs. 1 lakh Crore for the development of road infrastructure in Karnataka. The Central Government will contribute Rs one lakh crore for the development of road infrastructure in Karnataka. In addition Rs. 200 crore will be spent on developing four light houses in the state in PPP mode. Shri Nitin Gadkari, Union… Read More »
Appointment and Transfer of High Court Judges Shri Justice Vivek Kumar Birla, Shri Justice Attau Rahman Masoodi, Shri Justice Ashwani Kumar Mishra, Shri Justice Rajan Roy, Smt. Justice Ranjana Pandya, Smt. Justice Vijay Lakshmi, Shri Justice Arvind Kumar Mishra-I, Shri Justice Anant Kumar, Shri Justice Harsh Kumar, Shri Justice Shashi Kant, Shri Justice Om Prakash-VII… Read More »
New Chief Justice of Gujarat High Court Shri Justice Ramayyagari Subhash Reddy, Judge of the High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh has been appointed Chief Justice of the Gujarat high Court with effect from the date he assumes charge of his office Source Ministry of… Read More »
GOLD MONETIZATION SCHEME List of Refineries granted Licence as on 19.01.2016
One Rank One Pension (OROP) implementation tables issued The Government of India had taken the historic decision to implement OROP in November, 2015. This fulfilled the long standing demand of the Defence Forces personnel after 42 years and benefited over 18 lakh ex-servicemen and war widows. In pursuance of the order issued on 07/11/2015, detailed… Read More »
Cabinet approves formation of Joint Venture Companies with State Governments to mobilize resources for undertaking various rail infrastructure projects in the State The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for allowing the Ministry of Railways to form Joint Venture Companies with the State Governments to mobilize… Read More »
Auction of linkages of Non-Regulated Sector The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval that all allocations of linkages/Letter of Assurance (LoAs) for non-regulated sector viz. Cement, Steel/Sponge Iron, Aluminium, and Others [excluding Fertilizer (urea) sector], including their CPPs, shall henceforth be auction based. The… Read More »
MSP for Copra for 2016 season The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Prices (MSPs) for Copra for 2016 season. The decision is based on recommendations of Commission for Agricultural Costs and Prices (CACP). CACP, which is an expert body,… Read More »
Held The concept of receiving gift from wife is acceptable. However, onus is upon the assessee, to establish the identity of the person and also the creditworthiness of the person giving the gift. The first aspect of the issue is that the gift received by any person should be irrevocable. However, in the case of… Read More »
Held The Tribunal found that the revenue did not dispute the fact the Assessing Officer had allowed spread over of expenditure in earlier two years. In our view since the project was abandoned in the assessment year 1995-96 and the entire expenses was written off during the said assessment year, the issue stands covered by… Read More »