Facts of the Case The appellant is an undertaking of the Government of Karnataka engaged in power transmission. The appellant purchases electricity from various parties by entering into power purchase agreements. For such purchases, when payment of purchase price is delayed, the agreements provide for payment of interest to suppliers of electricity by the appellant.… Read More »
Secret commission paid is allowed in Income tax Act ? Facts of the Case :- Assessee is a partnership firm which is engaged in the business of electrical contractor. For the assessment year 1997-98,the assessee claimed that he had paid such sum of Rs. 19.85 lacs to various persons by way of secret commission. The… Read More »
New Bio Medical Waste Management Rules Notified ‘New Bio-Medical Waste Management Rules will Change The way Country Used to Manage Waste Earlier; Make a Big Difference to Clean India Mission’: Javadekar “The new bio-medical waste management rules will change the way country used to manage this waste earlier. Under the new regime, the coverage has… Read More »
Download the National Waterways Act 2016
Real Estate Act 2016 Govt of India has notified Real Estate Act 2016 which will be called The Real Estate (Regulation and Development) Act, 2016 as per the following notification THE GAZETTE OF INDIA EXTRAORDINARY PART II — Section 1 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 26th March, 2016/Chaitra 6,… Read More »
AADHAAR ACT 2016 Govt of India has notified the aadhaar act 2016 which will be called THE AADHAAR (TARGETED DELIVERY OF FINANCIAL AND OTHER SUBSIDIES, BENEFITS AND SERVICES) ACT, 2016 as per the following notification THE GAZETTE OF INDIA EXTRAORDINARY PART II — Section 1 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 26th… Read More »
Facts of the case The respondent-company Aerotron Ltd., having its office in the United Kingdom, had filed Company Petition No. 214 of 2012 under section 433(e) and (f) read with sections 434 and 439(1)(b) of the Companies Act, 1956, for winding up of the appellant-company. Issue since the respondent-company was carrying on business in India… Read More »
15th March 2016. It is seen that in CA examinations, sometimes, candidates answer more questions or sub parts of a question, than are required in terms of the instructions given in the question paper. In this connection, it is hereby informed that candidates are required to answer the requisite number of questions as per instructions… Read More »
Plastic Waste Management Rules 2016 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF ENVIRONMENT, FOREST AND CLIMATE CHANGE NOTIFICATION [F. No. 17-2/2001-HSMD] New Delhi, the 18th March, 2016 G.S.R. 320(E).―Whereas the Plastic Waste (Management and Handling) Rules, 2011 published vide notification number S.O 249(E), dated 4th February, 2011 by the Government of… Read More »
THE GAZETTE OF INDIA EXTRAORDINARY PART II — Section 1 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 22nd March, 2016/Chaitra 2, 1938 (Saka) THE BUREAU OF INDIAN STANDARDS ACT, 2016 NO. 11 OF 2016 [21st March, 2016.] An Act to provide for the establishment of a national standards body for the harmonious… Read More »