"September, 1991" Archive

Circular No. 611-Income Tax dated 30-9-1991

Circular No. 611-Income Tax (30/09/1991)

Circular No. 611- Income Tax In the speech while presenting the Union Budget for 1991-92 the Finance Minister had, inter alia, announced introduction of two schemes to attract larger inflow of foreign exchange. For this purpose, the Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Bill, ...

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Notification No. S.O.612(E) – Income Tax Dated 19/9/1991

Notification No.S.O.612(E) - Income Tax (19/09/1991)

Notification No.S.O.612(E) - Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the " 10 year 9 per cent. (tax-free) Secured Redeemable Non-Convertible Bonds (Series-I)", issued by the Housing and Urban...

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CIT Vs. Pandavapura Sahakara Sakkare Kharkane Ltd. (1992) 198 ITR 690 

Commissioner of Income-Tax Vs Pandavapura Sahakara Sakkare Kharkane Ltd. (Karnataka High Court)

Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in upholding the orders of the Commissioner of Income-tax (Appeals) deleting the addition of Rs. 1,08,644 made in the assessment for the assessment year 1980-81, being the amount transferred to the 'molasses storage fund' from the sale proce...

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SEBI : Status of implementation of decisions

Ref : SE/10466 (10/09/1991)

Please refer to our letter dated February 4, 1991 enclosing a copy of directive issued by the Ministry of Finance F. No. 14/3/SE/85 dated November 14, 1985 regarding review of the existing system of Bye-laws and Regulations of Stock Exchanges relating to trading in securities and you were requested to ensure implementation of the instruct...

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SEBI: Review of the working of Stock Exchanges

Ref : SE/10454 (10/09/1991)

Please refer to directive F. No. 4/16/SE/91 dated August 19, 1991 issued by the Stock Exchange Division, Department of Economic Affairs, Ministry of Finance, advising all the Stock Exchanges to take certain measures in the interest of long-term growth of Stock market and for ensuring investor protection and send report on the implementati...

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SEBI : Monthly development report

Ref : SE/10453 (09/09/1991)

As you are aware SEBI has been, inter-alia, vested with the responsibilities relating to development and regulation of securities market and investor protection and advise Government on these matters. In order to perform these functions effectively, it is necessary that SEBI is kept apprised of various developments at the Stock Exchanges....

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SEBI : Information in prescribed format

Ref : SE/10452 (09/09/1991)

Please refer to our D.O. letter dated September 7, 1990 requesting you to send us information/data on the business done/major developments on the Stock Exchange on a daily basis in the format enclosed therewith. In this connection, it is observed that the information from several Stock Exchanges is not received on a regular basis and in s...

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