A transaction in intellectual property (IP) along with the right to manufacture the licensed product is totally different from the technical assistance rendered by an engineer or a firm of engineers; when IP services are brought under the tax net without altering the scope of “Consulting Engineer Service” the new impost covers an activity hitherto not exigible to service tax under the head Consulting Engineer.
9. We have considered the rival submissions and also perused the relevant material on record. It is observed that a similar issue was involved in assessee’s own case for the earlier years i.e. AY 1991-92, 92-93 & 93-94 and the Tribunal vide its consolidated order dated 12.6.1998 has decided the same in favour of the assessee for the said years following the decision of Special Bench of ITAT in the case of P.A.V.L. Kulandayan Chettiar
1. When you emit noble and positive energy in the form of good thoughts, good speech and good deeds into the Cosmos, you attract high frequency, noble and protective Cosmic energy into your life. 2. What you focus upon, you empower and what you empower, you attract. Therefore, if you are normally in a complaint mode, you emit and empower negative energy,
It is clarified that “pending EO under EPCG Authorization (over and above average, if any)” means the duty saved export obligation which is pending over and above the minimum duty saved export obligation specified to be fulfilled in the prescribed block of years.
The VKGUY benefits on exports of all items included in Table 15 shall be admissible only for ‘Handicraft Products’. The Export Promotion Council for Handicraft (EPCH) shall certify that the exported product is a Handicraft product, if any doubt arises on this issue.
Payments for the services rendered through construction equipments are received in Free Foreign Exchange or in Indian Rupees which are otherwise considered as having being paid for in free foreign exchange by RBI, as per Sub Para (iv) of Para 9.53 of Foreign Trade Policy.
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes the following addition with immediate effect at the end of Paragraph 2 of Notification No. 33(RE-2007)/2004-2009, dated 08.10.2007.
the provisions of this Chapter are likely to act as impediment to implementation of the plan of the target company and relaxation from one or more of such provisions is in public interest, the interest of investors and the securities market.
It is clarified that these guidelines will not apply for sectors/activities where there are no foreign investment caps, that is, 100% foreign investment is permitted under the automatic route.
A delegation of the Public Finance Committee of the Institute of Chartered Accountants of India (Icai) led by chairman, Mr Subodh Kumar Agrawal called on state finance minister Mr Prafulla Chandra Ghadei and offered free consultancy service to the state government. The consultancy service, free of cost, given to the Union government, state government and […]
