Follow Us :

Archive: July, 2006

Posts in July, 2006

Rate of exchange of conversion for exported goods w.e.f. 01.08.2006

July 26, 2006 154 Views 0 comment Print

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.73/2006-NT-Customs, dated the 27th June, 2006 [S.O.953(E), dated the 27th June, 2006].

Rate of exchange of conversion for imported goods w.e.f. 01.08.2006

July 26, 2006 187 Views 0 comment Print

In exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of Customs Act, 1962 (52 of 1962) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.72/2006-NT-Customs, dated the 27th June, 2006.

Notification No. 197/2006-Income Tax Dated 26/7/2006

July 26, 2006 283 Views 0 comment Print

Notification No. 197-Income Tax It is hereby notified for general information that the organization M/s. Lokmanya Medical Research Centre, Chinchwad, Pune has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with Rule 6 of the Income-tax Rules, 1962 for the period from 1-4-2003 to 31-3-2006 under the category ‘University,

Notification No. 196/2006-Income Tax Dated 26/7/2006

July 26, 2006 208 Views 0 comment Print

Notification No. 196-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for Industrial Park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy

Notification No. 195/2006-Income Tax Dated 26/7/2006

July 26, 2006 331 Views 0 comment Print

Notification No. 195-Income Tax In exercise of the powers conferred by sub-clause (iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of “Gujarat Pollution Control Board, Paryavaran Bhavan, section-10A, Gandhinagar” (hereinafter referred to as the “Institution”) shall not be Included in the total

Even in absence of a provision, Beneficial statute may be held to be retrospective in nature

July 26, 2006 7651 Views 1 comment Print

In the case of Vijay v. State of Maharashtra & others (2006) 6 SCC 286 Apex Court held that It is now well-settled that when a literal reading of the provision giving retrospective effect does not produce absurdity or anomaly, the same would not be construed to be only prospective. The negation is not a rigid rule and varies with the intention and purport of the legislature

Policy Circular No. 14 (RE-2006)/2004-09, Dated: 25.07.2006

July 25, 2006 253 Views 0 comment Print

It is clarified that 5% applicable customs duty on notional basis shall be charged before EPCG Authorisation is invalidated for direct import and EO shall be calculable at the reduced duty saved amount accordingly. These instructions will be implemented prospectively and shall be applicable in all such cases where Authorisations have to be issued henceforth or where Authorisation/licence has already been issued but invalidation has not been allowed so far.

Notification No. 23 (RE-2006)/2004-2009, Dated: 25.7.2006

July 25, 2006 193 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation ) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy ,2004-2009, as amended from time to time, the Central Government hereby makes the following amendments in the Foreign Trade Policy.

Notification No. 194/2006-Income Tax Dated 25/7/2006

July 25, 2006 355 Views 0 comment Print

Notification No. 194-Income Tax In exercise of the powers conferred by sub-clause (iv ) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any income received by any person on behalf of “Gujarat Pollution Control Board, Paryavaran Bhavan, section-10A, Gandhinagar” (hereinafter referred to as the ‘institution’) shall not be included in the total

Notification No. 193/2006, Dated : 25.07.2006

July 25, 2006 181 Views 0 comment Print

This notification is applicable only to the recipients of in come on behalf of the Institution and not any other receipt or income of such recipients. taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961

Search Post by Date
July 2006
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31