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In exercise of the powers conferred by section 30 read with clause (k) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Buy Back of Securities)
INCOME TAX NOTIFICATION NO-45/2008, DT: March 24, 2008 Method for determining amount of expenditure in relation to income not includible in total income. 8D(1) Where the Assessing Officer, having regard to the accounts of the assessee of a previous year, is not satisfied with-(a) the correctness of the claim of expenditure made by the assessee; or (b) the claim made by the assessee that no expenditure has been incurred, in relation to income which does not form part of the total income under the Act for such previous year, he shall determine the amount of expenditure in relation to such income in accordance with the provisions of sub-rule (2).
NOTIFICATION NO. S.O. 752(E), DATED 28-3-2008 In the Income-tax Rules, 1962, (a) in rule 12, – (i) in sub-rule (1), for the words, figures and letters on the 1st day of April, 2007 or any subsequent assessment year, the words, figures and letters on the 1st day of April, 2008 shall be substituted; (ii) in sub-rule (5), for the words, figures and letters on the 1st day of April, 2006, the words, figures and letters on the 1st day of April, 2007 shall be substituted; (b) in Appendix-II, for Form ITR-1, Form ITR-2, Form ITR-3, Form ITR-4, Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-8, the following forms shall be substituted, namely:- The return of income has to be filed by using the applicable form without any annexure (except for Form ITR-7) so as to facilitate electronic filing.
in exercise of powers conferred by clause (u) of subsection (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Public Notice No.88 (RE-2006)/2004-09 dated 5th March, 2007.
The notification number 89/2005-Customs, dated the 4th October, 2005 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 624(E), dated the 4th October, 2005 and was subsequently amended by notification number 104/2005-Customs, dated the 26th December, 2005 vide number G.S.R 746 (E), dated the 26th December, 2005, notification number 32/2006-Customs, dated the 31st March, 2006 vide number G.S.R 191(E), dated the 31st March, 2006, notification number 48/2007-Customs, dated the 29th March, 2007, vide number G.S.R 257 (E), dated the 29th March, 2007.
Merely because income is attached to any immovable property cannot be the sole factor for assessment of such income as income from property. What has to be seen is what was the primary object of the assessee while exploiting the property.
