HIGH COURT OF PUNJAB & HARYANA Mittal Construction Co. v. Commissioner of Central Excise, Ludhiana AJAY KUMAR MITTAL AND MRS. RAJ RAHUL GARG, JJ. STA NO. 34 OF 2015 (O & M) FEBRUARY 24, 2016 Jagmohan Bansal, Advocate for the Appellant. Sukhdev Sharma, Advocate for the Respondent. JUDGMENT Ajay Kumar Mittal, J. – This… Read More »
SECTION 244A, READ WITH SECTION 195, OF THE INCOME-TAX ACT, 1961 PAYMENT OF INTEREST ON REFUND OF EXCESS TDS DEPOSITED UNDER SECTION 195 CIRCULAR NO.11/2016 [F.NO.279/MISC./M-140/2015-ITJ], DATED 26-4-2016 The procedure for refund of tax deducted at source under section 195 of the Income tax Act, 1961, to the person deducting the tax is delineated in… Read More »
Facts of the Case Assessee is an individual. Assessee had remitted an amount of U.S. $ 77,500, to Ms. Simone Sheffield, resident of U.S.A. without deduction of tax under section 195 of the Act, It was submitted by the Assessee that the payment made made maintenance of website and other allied services rendered to the… Read More »
SECTION 271D, READ WITH SECTION 271E, OF THE INCOME-TAX ACT, 1961 FAILURE TO COMPLY WITH PROVISIONS OF SECTION 269SS COMMENCEMENT OF LIMITATION FOR PENALTY PROCEEDINGS UNDER SECTIONS 271D AND 271E CIRCULAR NO.9/DV/2016 [F.NO.279/MISC./M-116/2012-ITJ], DATED 26-4-2016 It has been brought to the notice of the Central Board of Direct Taxes (hereinafter referred to as the Board)… Read More »
Passenger Reservation System in Indian Railways At present, computerised reservation facility is available at approximately 3337 reservation centers, which are working satisfactorily. Till March 2016, 134 Yatri Ticket Suvidha Kendra (YTSK) licensees have been engaged. They are also working satisfactorily. Next Generation e-Ticketing (NGET) which was launched on 28.04.2014, now has a capacity of booking… Read More »
Steps to increase speed of trains Recently, a specific Directorate i.e. Mobility Directorate has been set up of which one of the primary objectives is to initiate measures for increasing the speed of trains. Besides, in Railway Budget 2016-17, a new category of train service for the reserved passengers ‘Tejas’ has been announced with the… Read More »
New Catering Policy in Indian Railways The Catering Policy 2010, presently in force for management of catering services over Indian Railways was issued in July 2010. The salient features of this Policy include (i) Shifting management and monitoring of all catering services (except Food Plaza, Food Courts and Fast Food Units) from Indian Railways Catering… Read More »
Merry-Go-Round System in Railways In order to provide an economical and reliable alternative short lead traffic, a rationalized scheme with lump-sum rates for Merry-Go-Round has been notified with effect from 01.04.2016. Some of the features of this scheme are as under: • The MGR Terminals at both ends shall be privately owned. • Rail track… Read More »
Funds for Development of Minorities The Ministry of Minority Affairs is implementing a number of programme/schemes for the development of minorities through Institutions/Non Government Organizations (NGOs)/State Governments in various States all over the country. These are given below: Schemes of area development – The Multi-sectoral Development Programme (MsDP) was launched in the year 2008-09… Read More »
Changes in FCRA As per Foreign Contribution (Regulation) Amendment Rules, 2015 notified in Gazette of India on 14.12.2015, the Bank shall report to the Central Government within forty-eight hours any transaction in respect of receipt and utilization of any foreign contribution by any person whether or not such person is registered or granted prior permission… Read More »