"January, 1994" Archive

Circular No. 8/8/94-CX dated 31/1/94

Circular No. 8/8/94-Central Excise (31/01/1994)

Circular No. 8/8/94-CX Certain doubts have been expressed as to whether the benefit of exemption as contained in Notification No. 54/93-CE (Sl. No.5) is available to household type washing machines or the said concession is applicable only to parts of household type washing machines....

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Circular No. 677-Income tax dated 28-1-1994

Circular No. 677-Income tax (28/01/1994)

Circular No. 677-Income tax The Board in Circular No. 594, dated 27-2-1991 (Sl. No. 461) and corrigendum dated 15-5-1991 has granted, subject to conditions therein specified, benefit of ad hoc deduction for expenses @ 50 per cent of the gross receipts of commission, to the authorised agents of the Unit Trust of India and the...

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Celebration of 24th February we celebrate “Excise Day”

Circular No. 5/5/94-Central Excise-9 (24/01/1994)

Circular No. 5/5/94-CX-9 Every year on th 24th of February we celebrate "Excise Day", to instill a sense of oneness amongst officers of the Department and to help chenilles energy for ensuring better tax compliance. This year "Excise Day" is significant in view of the fact that the Department is completing 50 years in the service of the...

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S. 154 : A mistake can be regarded as apparent only when it is a glaring, obvious or self-evident

CIT Vs Lakshmi Prasad Lahkar (Gauhati High Court)

IT authorities are empowered to amend any order passed by them under the Act with a view to rectifying any mistake apparent from the record. A mistake is an omission made not by design but by mischance. A mistake apparent is a mistake that is manifest. In other words, the mistake must be so plain or obvious that it could be realised wit...

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Central Excise – Tungston Halogen Bulbs – Applicability of Notification No. 67/83-CE dated 01.03.1983 – Clarification -regarding …..

Circular No. 4/4/94-CX-4 (17/01/1994)

Circular No. 4/4/94-CX-4 Representations have been received relating to application of Notification No. 67/83-CE dated 01.03.1983 (as amended) to Tungston Halogen Bulbs Tungston Halogen Bulbs are classifiable under Tariff item No. 85.39 of the schedule to the Central Excise Tariff Act, 1985. Notification No. 67/83 describes effective ra...

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Notification No. S.O.37(E)-Income Tax Dated 14/1/1994

Notification No. S.O.37(E)-Income Tax (14/01/1994)

Notification No. S.O.37(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 "10. 5 per cent. (tax-free bonds) (Series 1-A bearing Serial Numbers 1 to 5,19,800 ; Series 1-B bearing Serial Numbers 1 to ...

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Notification No. S.O.38(E)-Income Tax Dated 14/1/1994

Notification No. S.O.38(E)-Income Tax (14/01/1994)

Notification No. S.O.38(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 "10.5 per cent. (tax-free bonds) (Series 2-A bearing Serial Numbers 1 to 40,00,000) of an amount of Rupees 400 crores" to be...

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Circular No. 676-Income tax dated 14-1-1994

Circular No. 676-Income tax (14/01/1994)

Circular No. 676-Income tax Representations have been received by the Board seeking waiver of interest chargeable under sections 234B and 234C of the In­come-tax Act, 1961 for default in payment of instalments of ad­vance tax by the due dates which are prescribed under section 211 of the Income-tax Act. In cases where the last date for...

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Notification No. S.O.371-Income Tax Dated 13/1/1994

Notification No. S.O.371-Income Tax (13/01/1994)

Notification No. S.O.371-Income Tax It is notified for general information that M/s. Parashwanth Housing Finance Corporation Limited, Harsiddha Chambers, 3rd Floor, Ashram Road, Ahmedabad-380 014 have been approved by the Central Government as a Housing Finance Company for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, f...

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Central Excise – Destruction of Tea Wastes – Reg.

Circular No. 3/3/94-Central Excise.6 (13/01/1994)

Circular No. 3/3/94-CX.6 2. It has been brought to the notice of the Board that tea Waste has been piling up and has assumed critical dimensions due to unwillingness of the Excise authorities to supervise destruction of tea waste or its conversion into compost in view of the abolition of Central Excise duty on tea....

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Central Excise – Section 4(4) (d) – Deduction of “Sales tax payable” from the cum-duty price – Regarding –

Circular No. 2/2/94-Central Excise (11/01/1994)

Circular No. 2/2/94-CX The issue regarding actual amount of "Sales tax payable" which can be deducted from the cum-duty-price for purpose of determining assessable value for excise purposes has been raised by Internal Audit in Bombay and AG"s audit as well. The matter was referred by Principal Collector, Bombay to Branch Secretariat, B...

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Circular No. 7/7/94-CX Dated 6/1/94

Circular No. 7/7/94-Central Excise (06/01/1994)

Circular No. 7/7/94-CX In exercise of the powers conferred by Notification No. 354/86-Central Excise dated the 20th June, 1986, Central Board of Excise & Customs, hereby assigns to the Collector of Central Excise (II) Delhi, the cases annexed to this order for the purpose of investigation and adjudication....

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Statewise List of Urban Area for Determination of Agricultural Land

Notification No. SO 9447-Income Tax (06/01/1994)

Notification No. SO 9447-Income Tax Whereas a draft notification was published by the Central Government in exercise of the powers conferred by item (B) of clause (ii) of the proviso to sub-clause (c) of clause (1A), and item (b) of sub-clause (iii) of clause (14), of section 2 of the Income-tax Act, 1961 (43 of 1961), in the Gazette of I...

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Circular No. 675-Income tax dated 3-1-1994

Circular No. 675-Income tax (03/01/1994)

Circular No. 675-Income tax Section 80RR of the Income-tax Act, 1961 provides that an individual resident in India, being an author, playwright, artist, musician, actor or sportsman (including an athlete) who derives income in exercise of his profession from the Government of a foreign State or any person not resident in India ...

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