Held We have no difficulty in accepting the views of the Delhi High Court when they say that shares fall squarely within the Explanation to Section 73(4) but we are unable to agree when derivatives are treated at par with the shares because the legislature has treated them differently. HIGH COURT OF CALCUTTA Asian Financial… Read More »
Seeks to rescind notification No. 35/2012-Customs (ADD), dated the 10th July, 2012. 25/2016-Cus (ADD), dt. 07-06-2016
Seeks to finalize provisional assessments of all imports of Vitrified/Porcelain tiles, originating in or exported from China PR which have been subjected to provisional assessment pursuant to the notification No. 35/2012-Customs (ADD), dated the 10th July, 2012. 24/2016-Cus (ADD), dt. 07-06-2016
Maintenance of records in relation to warehoused goods in electronic form, filing of returns and acknowledgement of receipt of goods F. No. 484/03/2015–LC(Pt 1) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** Circular No 25/2016-Customs New Delhi, the 8th June 2016. To, All Principal Chief Commissioners Customs,… Read More »
GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 17/2015-2020 NEW DELHI DATED THE 08th JUNE, 2016 Subject: – Amendment in Para 4.47(a)(ii) of Hand Book of Procedures 2015-20 for allowing revalidation of Advance Authorizations along with Bond waiver. In exercise of powers conferred under… Read More »
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.3(670)/VAT/Policy/2016/343-48 Dated 06/06/2016 CIRCULAR NO. 9 of 2016-17 Sub: Requirement of item-wise details in Forms Annexure-2A, Annexure-2B, DVAT-30 and DVAT-31 Certain amendments in the Delhi Value Added Tax Rules, 2005 have been recently made vide notification No.F.3(30)/Fin(Rev-I)/dsvi/121… Read More »
Format for the Limited Review Report for companies (other than banks) Review Report to ……………………. We have reviewed the accompanying statement of unaudited financial results of …………………………….. (Name of the Company) for the period ended…………. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility… Read More »
Tradability of Sovereign Gold Bonds, 2015 (Issued on November 30, 2015) Sovereign Gold Bond Scheme, 2015 was announced by the Government of India vide notification dated October 30, 2015. In terms of Para 17 of the Scheme, the Reserve Bank of India hereby notifies June 13, 2016 as the date from which the Sovereign Gold… Read More »
TCS on sale of Motor Vehicle Circular No 22/ 2016 F.No 370142/17/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direcl Taxes (TPL Division) Dated 8th, June 2016 Sub: Amendment in Section 206C vide Finance Act 2016 – Clarification s regarding Section 206C of the Income-tax Act, 1961 (hereafter referred to… Read More »
Where an employer takes residential premises on rent by giving security deposit for the benefit of employees, whether the notional interest on such security deposit is liable to be included in the perquisite value of the accommodation given to the assessee employee is the question raised in this appeal?” Held on a plain reading of… Read More »