We are enclosing herewith guidelines for advertisements by mutual funds. The guidelines based on recommendations made by Association of Mutual Funds in India (AMFI).
I am directed to invite your attention to the “Goods Imported (Condition of Transshipment) Regulations, 1995”. Under the said Regulations, a continuity bond is to be executed by the transporter/custodian/declarant for safe carriage of the goods from the gateway port to the ICDs/CFSs. The bond is discharged when the landing certificate, i.e. receipt of the goods at the destination is
NOTIFICATION No. 42/2000-Central Excise (N.T.), dated 5-6-2000 In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) the Central Government hereby makes the following rules further to amend the Central Excise Rule, 1944 namely:-
This rate is applicable only in cases of supplies of furnace oil by domestic oil companies to 100% Export Oriented Units and units in Export Processing Zones which are considered as deemed exports as per chapter 10 of Export-Import Policy 1997-2002.
Service Tax Circular No. 30/1/2000 Refer to Service Tax Circular No. 11/5/96 dated 22.4.1996 whereby monetary limits for powers of adjudication of Central Excise Officers of different ranks had been laid down for Service Tax assessment. In pursuance of CEGAT decision in the case of M/s Bharati Cellular Ltd. wherein it was held that the adjudication order passed by the commissioner of Central Excise under Section 73 are not appealable in the Tribunal
Notification No. 1604-Income Tax In accordance with the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961, and all other powers enabling me in this behalf, I, the Chief Commissioner of Income-tax, Calcutta, hereby create the new post of TRO XLVI, Calcutta and 24 Pgns. under the administrative control and jurisdiction of Addl. CIT, Range-IV(C) under the charge of CIT(C)-II, Calcutta.
The short point which arises for consideration in this appeal is : Whether notional interest on interest-free deposit received by the assessee against letting of property could be taken into account in cases falling under section 23(1)(b) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) In other words, whether notional interest would form part of actual rent received or receivable under section 23(1)(b) ?
