"11 January 2008" Archive

Amends Notification No.62/94-Customs Duty (N.T.) dated 21st November, 1994

Notification No. 2/2008-Customs (N.T.) 11/01/2008

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. 122/2007-Customs (N.T.), dated, the 17th December, 2007 (S.O.2137 (E) dated 17th December, 2007)....

SEBI : Introduction of Index options with longer tenure

SEBI/DNPD/Cir-34/2008 11/01/2008

The risk containment and other measures applicable for existing exchange traded equity Index option contracts shall be extended suitably to long term option contracts on Index....

The Income Tax Officer Vs. Ellora Silk Mills Pvt. Ltd. (ITAT Mumbai)

The Income Tax Officer Vs M/s Ellora Silk Mills Pvt.Ltd (ITAT Mumbai 'F' Bench)

The assessment for AY 90-91 was reopened on the ground to verify whether the income from warehousing charges should be treated as income from business or income from house property. Ultimately after investigating the case in detail, the Assessing Officer himself arrived at a conclusion that charges on account of warehousing are business r...

C.A.- Think thrice before you issue a Certificate

Council of the Institute of Chartered Accountants of India v. Dayal Singh The officers of the bank completed all paper formalities, perhaps at the behest of the respondent or at least on the basis of his certificate for disbursement of the loan. The activity of the respondent in issuing such a vague certificate with the intention of persu...

Posted Under: Custom Duty |

Only if income is arising directly or indirectly through or from any business connection in India , it can be taxed

The appellant exercises computer control over the computes installed at the premises of the subscribers. This amounts to a fixed place of business for carrying on the business of the enterprise in India . But for the supply of computers, the configuration of computes and connectivity which are provided by the appellant either directly or...

Posted Under: Custom Duty |

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