Daily Archives: April 12, 2016

Branch Office in India , Now Approval by Authorised Dealers Category-I Banks

By | April 12, 2016

As a measure towards improving the ease of doing business, procedure for Establishment of Branch Office (BO)/Liaison Office (LO)/Project Offices (PO) in India by Foreign entities simplified As a measure towards improving the ease of doing business, it has now been decided that except for a few sectors viz. Defence, Telecom, Private Security, Information and… Read More »

Padma Awards Presented by President of India

By | April 12, 2016

President of India presents Padma Awards The President of India, Shri Pranab Mukherjee presented Padma Vibhushan, Padma Bhushan and Padma Shri awards today (April 12, 2016) at a Civil Investiture Ceremony held at Rashtrapati Bhavan. Among the dignitaries present on the occasion were the Vice President of India, Prime Minister, Speaker Lok Sabha and Union… Read More »

Cancellation of agreement did not affect Section 54F benefit

By | April 12, 2016

Held In our opinion, the liberal interpretation of the term purchase as it appear in section 54 has to be given also to the term ‘constructs’ appearing therein, in conjunction to the former. Even the Hon’ble jurisdictional High Court in the case of CIT v.Smt B.S. Shanthakumari [2015] 233 taxmann.com 347/60 taxmann.com 74 (Kar.) held… Read More »

EXCISABILITY OF RE-REFINED USED OIL OR WASTE OIL CLARIFICATION BY CBEC

By | April 12, 2016

CLARIFICATION REGARDING EXCISABILITY OF RE-REFINED USED OIL OR WASTE OIL CIRCULAR NO.1024/12/2016-CX, DATED 11-4-2016 References have been received regarding excisability of re-refined used oil or waste oil. Various units are engaged in re-refining of waste oil or used lubricating oil collected from the transformers, service stations of vehicles etc. The matter has been examined. Process… Read More »