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Archive: March, 2010

Posts in March, 2010

Customs Notification No 25/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Uttam Trading Company

March 22, 2010 721 Views 0 comment Print

to exercise the powers and discharge the duties conferred or imposed on the Deputy Commissioner of Custom (Imports) / Assistant Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Uttam Trading Company, Bhatinda and others, issued vide, DRI F.No. 856(22) LDH/2006/Pt-VIII/166-169, dated the 20th January, 2010, by the Additional Director, Directorate General of Revenue Intelligence, Ludhiana Regional Unit, Ludhiana.

Customs Notification No 24/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s J. Universal Impex

March 22, 2010 531 Views 0 comment Print

for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s J. Universal Impex, Jodhpur and others, issued vide, F.No. 840/DRI/JPR/19-XVI/2009/Pt./1791, dated the 18th December, 2009, by the Additional Director General, Directorate General of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Customs Notification No 23/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Metro Impex

March 22, 2010 484 Views 0 comment Print

for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Metro Impex, New Delhi and others, issued vide, DRI F.No. 23/48/2006-DZU, dated the 25th March, 2008, by the Additional Director General, Directorate General of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Customs Notification No 22/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Liberty Industries

March 22, 2010 436 Views 0 comment Print

common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Additional / Joint Commissioner of Customs, Inland Container Depot, Tughlakabad, New Delhi for the purpose of adjudicating the matters relating to show cause notice pertaining to M/s Liberty Industries, 198, 1st Phase, Model Town, Bhatinda, issued vide, DRI F.No. 856(22) LDH/2006/Pt-VII/35-38, dated the 4th January, 2010, by the Additional Director, Directorate General of Revenue Intelligence, Ludhiana Regional Unit, Ludhiana.

Customs Notification No 21/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s. Bhambri Printing Press

March 22, 2010 694 Views 0 comment Print

Notification No. 21 / 2010-Customs (N.T.), for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Bhambri Printing Press, A-18/2, Naraina Industrial Area, Phase-II, New Delhi and others, issued vide, DRI F.No. 23/20/2007-DZU/Pt.III/1444-1475, dated 25th February, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2009-10)

March 22, 2010 469 Views 0 comment Print

With a view to facilitating accounting of all the Government transactions of the current financial year (2009-10) by March 31, 2010 and meeting the probable rush of tax-payers towards the end of the year, it has been decided, in consultation with Controller General of Accounts, Government of India, to take the following special measures relating to Government transactions:

Amount falling u/s. 44BB of Income Tax Act have been excluded from the purview of the royalty

March 21, 2010 1196 Views 0 comment Print

Once Section 44BB is attracted, it is common ground that the computation has to be made in accordance with that provision and no other special provision, viz., Section 44DA or Section 115A would come into play in view of the fact that the payment is being made by a non-resident to another non-resident.

Indo-US Treaty: Orientation towards business and inculcation of entrepreneurial outlook does not really amount to "making available" technical knowledge, experience or skills of experts of an American IC2 Institute

March 21, 2010 513 Views 0 comment Print

The applicant, Federation of Indian Chambers of Commerce and Industry (“FICCI”) is a company registered under the Companies Act, 1956. It is stated that for meeting several objects, the applicant maintains a liaison with the Government of India/State Governments on the one hand and several corporations and other members on the other

Payment for VSAT/Transaction charges made by a Stock Broker to Stock Exchange is not fee for technical services u/s 194J

March 21, 2010 1188 Views 0 comment Print

VSAT Charges- Members of the stock exchanges trade (purchase and sell) on behalf of their clients. As a part of infrastructure provided to the members a trading system, known as on screen trading is provided by stock exchanges. Such trading facilities are established by Stock exchanges to enable trading anywhere in the territory of India.

Assessment made on the basis of time barred notice u/s 143(2) is not legal

March 21, 2010 3090 Views 0 comment Print

Section 158BC(b) provides that where any search has been conducted u/s.132 or books of account, other documents or assets are requisitioned under section 132A, in the case of any person, then the Assessing Officer shall proceed to determine the undisclosed income of the block period in the manner laid down in section 158BB and the provisions of section 1

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