the Tribunal was right in holding that a sum of Rs.1,25,00,000/- representing the value of technical know-how is liable to tax under the head Long Term Capital Gain the context of Section 45 read with Section 55 of the Income Tax Act, 1961.
This circular is being issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
This circular is being issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
Notification No. 34 revises export quantities for stone aggregate to 4,78,000 MT and river sand to 5,32,878 MT under the Foreign Trade Policy 2004-2009.
Whereas in the matter of import of Sodium Cyanide (hereinafter referred to as the subject goods), falling under sub heading number 2837 11 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the Chinese Taipei (hereinafter referred to as the subject country), the designated authority in its final findings vide notification No.14/14/2004 -DGAD, dated the 24th October, 2005, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 24th October, 2005.
Whereas the designated authority vide notification No.15/9/2003-DGAD dated the 29th March, 2004, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 29th March, 2004, had initiated review in the matter of continuation of final anti-dumping duty on Sodium Cyanide (hereinafter referred to as the subject goods), falling under Sub-heading 2837 11of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in, or exported from the United States of America, European Union, Czech Republic and Korea RP, imposed vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 83/2000-CUSTOMS, dated the 6th June, 2000, G.S.R. 522 (E), dated the 6th June, 2000, superseded by notification No. 10/2001-CUSTOMS dated 31st January 2001,G.S.R. 47(E), dated the 31st January, 2001 and extended by notification No.56/2005-CUSTOMS, dated 23rd June 2005, G.S.R. 420(E), dated the 23rd June, 2005.
Presently, India is witnessing a knowledge and information technology boom. New BPO (Business Process Outsourcing) units and Call-Centres are being opened every day throughout the length and breadth of the country. In addition, KPO (Knowledge Process Outsourcing) units are also being established in view of tremendous demand for the same. Similarly, there is also a boom in bio-technology research and application.
The Principal notification was published in the Gazette of India, Extraordinary, vide notification no.36/2001 – Customs (N.T.), dated, the 3rd August, 2001 [S.O.748 (E), dated, the 3rd August, 2001] and was last amended vide Notification No.100/2005-Customs (N.T), dated, the 16th November, 2005 [S.O.1610 dated 16th November, 2005].
Circular No. 10 of 2005-Income Tax Reference is invited to Board’s circular no. 793 dated 23-6-2000 and amendment in section 80-IA by the Finance Act, 2001
Notification No.261/2005 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of Government of India, Ministry of Finance
