Notification No. 11224-Income Tax It is notified for general information that the enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002.
Import details for pneumatic tools (drills, scabblers) and textile products with net-to-net accountability requirements.
Common questions involved in these appeals are whether the job rendered by a photographer in taking photographs, developing and printing films would amount to a works contract as contemplated under Article 366(2A)(b) of the Constitution read with Section 2(n) of the M.P.General Sales Tax for the purpose of levy of sales tax on business turnover of the photographers.
Notification No. 11223-Income Tax It is notified for general information that M/s Tourism Finance Corporation of India Limited, New Delhi, has been approved by the Central Government as a Corporation engaged for providing long-term finance for industrial development in the country for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1996-97 to 1999-2000.
The traded derivatives shall be valued at market price in conformity with the stipulations of sub clauses (i) to (v) of clause 1 of the Eighth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
Notification No. 11222-Income Tax It is notified for general information that undertaking, listed at para (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules 1962, for the assessment years 2000-2001, 2001-2002 and 2002-2003.
Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under section 3A of the Central Excise Act, 1944 (1 of 1944), the duty of excise on goods mentioned in column (2) of the Table below and falling within the sub-heading number of the First Schedule to the Central Excise Tariff Act, 1985
Brokers should seek permission from the Exchange before commencement of Internet trading facility after providing complete details of the features of implemented systems. e. Brokers should make periodic reporting to the Exchange as specified by the Exchange.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 39/96-Customs, dated the 23rd July, 1996 [G.S.R. 291(E), dated the 23rd July, 196] and was last amended by notification No. 8/2000-Customs, dated the 27th January, 2000.
In the light of above facts, it is clarified that the minimum value addition of 33% for export of goods against payment in Indian Rupee under Paragraph 11.7 of the Exim Policy may be achieved by effecting an increase in intrinsic value of the export product as explained in paragraph 2 above.
