Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ITA.II division, North Block, New Delhi, Circular No. 36/2016 Dated: 25th of October, 2016 Subject: Taxability of the compensation received by the land owners for the land acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and… Read More »
Caveat Section – 148A, Code of Civil Procedure, 1908 Right to lodge a caveat.[Inserted by Amendment Act, 1976, w.e.f. 1-5-1977.] 148A . (1) Where an application is expected to be made or has been made, in a suit or proceeding instituted, or about to be instituted, in a Court, any person claiming a right to… Read More »
Improvised Explosive Devices (IEDs) In this E-book, attempts have been made to explain about Improvised Explosive Devices. It is expected that it will help departmental officers in their day-to-day work. 1. Introduction 1.1 An improvised explosive device is basically a “homemade” bomb and/or destructive device, used by criminals, vandals, terrorists, suicide bombers, and insurgents to… Read More »
Summons under Customs, Excise & Service Tax 1. Introduction: 1.1 A successful investigation is substantially dependent on a good interrogation and recording of statements to convert the findings into admissible evidence. The process involves questioning a suspect or a witness to seek information leading to solution of a case of evasion being investigated. Calling suspect… Read More »
INSTRUCTION F. NO. 137/39/2007-CX-4, DATED 26-2-2007 It has come to the notice of the Board that on many occasions, merely for obtaining information or documents pertaining to service tax cases/matters, officers of field formations or intelligence agencies resort to issuance of summons (Under section 14 of the Central Excise Act, 1944 as is made applicable… Read More »
Held The Assessee brought to the notice of the CIT(A) a CBDT Circular subsequent to the insertion of sub-section (3) in section 45 of the Act, viz., circular bearing No. 495 dated September 22, 1987, (1987) 168 ITR (St.) 87, wherein it was stated thus: “24.2 With a view to blocking this escape route for… Read More »
The Tamil Nadu Chamber of Commerce and Industry senior president S. Rethinavelu has strongly opposed the idea of levying cess on select goods. The GST council meeting, which was held last week, had proposed to levy cess on ultra luxury goods like big cars and a few tobacco items. This, the Centre, had pointed at… Read More »
CBDT issues second round of Certificates of Appreciation to another 10.15 lakh tax payers for their contribution towards Nation building The Union Finance Minister Shri Arun Jaitley, had personally handed-over the Certificates of Appreciation to a few individuals at North Block in the national capital to commence the program of taxpayer appreciation on 19th September,… Read More »
Government invites comments by 31st October, 2016 from stakeholders and general public on Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961. The Finance Act, 2016, inter alia, inserted a new Chapter XII-EB consisting of sections 115TD, 115TE… Read More »
e-Postal Ballot System for Service Voters Decision: The Government has issued Notification on 21st October, 2016 amending rule 23 of the Conduct of Elections Rules, 1961 enabling service voters, including armed forces personnel, to cast their vote in elections through e-postal ballot. Under this system a blank postal ballot paper would be transmitted to them… Read More »