"February, 1997" Archive - Page 2

Notification No. G.S.R. 80(E), dated 17.02.1997

Notification No. G.S.R. 80(E) (17/02/1997)

In exercise of the powers conferred by sub-section (2) of section 530 of the Companies Act, 1956 ( I of 1956) the Central Government hereby notifies that the sum to which priority shall be given under clause (b) of sub section (1) of section 530 of the said Act with effect from 1st day of March, 1997 shall not in case of any one claimant,...

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Central Excise – Loss of revenue due to non-issue of demands within prescribed time limit – Instructions regarding

Circular No. 295/11/97-CX (10/02/1997)

Circular No. 295/11/97-CX I am directed to invite your kind attention to Board"s circular No. 5/83-CX.6 dated 10.3.83 issued from file No. 210/28/81-CX-6 (copy enclosed)1 and to say that instances have come to notice of failure to issue protective demands on receipt of audit objections. Instances are also coming to notice when demands ar...

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Circular No. 751-Income Tax Dated 10-2-1997

Circular No. 751-Income Tax (10/02/1997)

Circular No. 751-Income Tax This scheme shall be called the Securities Lending Scheme, 1997...

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Admissibility of Modvat credit on inputs used in manufacture of moulds – Reg

Circular No. 301/17/97-CX (10/02/1997)

Circular No. 301/17/97-CX Representations have been revived in the Board regarding the denial of Modvat credit on inputs like chemicals and resins etc., used in the manufacture of sand moulds for subsequent production of iron castings....

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Aditanar Educational Institution vs Addl.Commissioner of Income Tax (1997) 3 SCC 346

Aditanar Educational Institution Vs. Additional Commissioner Of Income-Tax (Supreme Court of India)

Dismissing the appeal filled by the Revenue and the cross appeal of the assessee, this Court HELD : 1.1. An educational society or Trust or other similar body running an educational institution solely for educational purposes and not for purposes of profits could be regarded as `other educational institution' coming within Section 10(22) ...

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Drawback Recovery where Export Sale – Proceeds not Realiised

Circular No. 3/97-Custom Duty (04/02/1997)

Attention is invited to changes made in Customs and Central Excise Duties Drawback Rules, 1995 by Notification No. 72/95-Customs and Central Excise (NT) dated the 6th December, 1995. By the aforesaid notification Rule 16A was introduced prescribing the procedure for recovery of drawback paid where export proceeds were not realised by the ...

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Circular No. 2/97-Custom Duty Dated 4/2/1997

Circular No. 2/97-Custom Duty (04/02/1997)

I am directed to say that a scheme has been framed by the Government for import of rough diamonds and export of cut & polished diamonds in terms of Para 79 A of the exim policy. Appendix-I of the policy provides for import of special industrial adhesives etc. to facilitate the export of cut & polished diamonds. Accordingly Notification No...

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