Beti Bachao Beti Padhao Scheme expanded in additional 61 districts The Ministry of Women and Child Development has expanded Beti Bachao, Beti Padhao scheme in additional 61 district (covering 11 states). Beti Bachao Beti Padhao (BBBP) Scheme was launched on 22nd January, 2015 at Panipat in Haryana. It is a tri-ministerial effort of Ministries of… Read More »
Railway Minister inaugurates three IT enabled projects viz. (i) Hand Held Terminals for TTEs (ii) Paperless Unreserved Ticketing Mobile Application and (iii) E-booking of Disposable Linen on Trains Shri Suresh Prabhakar Prabhu, Union Minister of Railways during a function held at Rail Bhawan today i.e. 10.02.2016 launched three IT enabled projects through Video-Conferencing which included… Read More »
Bandaru Dattatreya Inaugurates Global Network Operations Centre (G-Noc) Of EPFO G-Noc to Function as the Nerve Centre of all it Operations of EPFO G-Noc – 24×7 Monitor and Trouble Shooter Sh. Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) today inaugurated the Global Network Operations Centre (g-NOC) of Employees Provident Fund Organisation(EPFO)at… Read More »
Nominated Banks for Customs Commissionerates (For payment of duty) Sr.No. Customs Commissionerates Nominated Banks 1. Ahmedabad I Bank of Baroda 2. Amritsar Punjab National Bank 3. Bangalore State Bank of India 4. Calcutta (Port) * United Bank of India 5. Calcutta (Airport & Air Cargo)* State Bank of India 6. Calcutta (Prev) State Bank of… Read More »
Amendments effective 11.2.2016 to the All Industry Rates of Duty Drawback Circular No. 06/2016-Customs F. No. 609/98/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 9 th February, 2016 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners &… Read More »
Tariff Notification in respect of Fixation of Tariff Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and Slive [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 23/2016-CUSTOMS (N. T.) New Delhi,… Read More »
Where the surplus money has been so invested in the FDRs, the said investment is to be treated as application of income of the previous year in which such investment is made, in the hands of the assessee.? Held There has to be nexus between investment in FDRs and achievement of the charitable objects of… Read More »
Held The demurrage charges are admittedly incurred after the goods reached at Indian ports and, therefore, it is a post-importation event. Such charges, therefore, cannot form part of the transaction value. Issue in this behalf is settled by this very Bench in the case of Commissioner of Customsv. Essar Steel Ltd. [2015] 51 GST 181… Read More »
Held Only on account of audit objection a well settled practice is sought to be disturbed. The Division Bench of this Court in Purity Techtextile (P.) Ltd. v. Asstt. CIT [2010] 325 ITR 459 (Bom.) has found that such reopening where the Assessment Officer relied exclusively on audit objection in absence of tangible material cannot… Read More »
Held It is clear that both the provisions are in mandatory terms and would apply automatically, as has been held by the Apex Court also in the Bhagat Construction Co. case (supra), the moment there is any shortfall in deposit of advance tax in terms of the provisions of Sections 234B and 234C of the… Read More »