"21 February 1994" Archive

Circular No. 680-Income tax dated 21-2-1994

Circular No. 680-Income tax (21/02/1994)

Circular No. 680-Income tax Clause (iii ) of the Explanation to section 115J, which was inserted by the Direct Tax Laws (Amendment) Act, 1989 with effect from assessment year 1989-90, provides for a deduction from the book profits attributable to a business, the profits from which are eligible for deduction under section 80HHC or 80HHD...

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Realisation of Revenue on Court”s order-excise duty

F.No. 275/33/92-CX.6.8A (21/02/1994)

It has been observed that in some cases, difficulty was being experienced to execute judgements delivered by various Courts in favour of the Department as banks are not prepared to honour their guarantees and pay up in terms of bank guarantees unless certified copies of the Court"s judgements are made available to them...

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Central Excise-Bright Steel Bars-Eligibility of exemption in terms of provisions of the notification No. 202/88-CE dated- 20.5.88

Circular No. 24/24/94-CX (21/02/1994)

Circular No. 24/24/94-CX Representations have been received that benefit of Notification No. 202/88- CE has been denied to the product commercially known as bright bars. In Rajkot Collectorate a view has been taken that bright bars are covered under the expression "Other bars and rods" referred at note I (m) of Chapter note to Chapter 72...

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