Notification No. 67/2010 – Income Tax In exercise of the powers conferred by the proviso to Clause (a) and (b) of sub-section (10) of section 80-IB of the Income-tax Act, 1961 (43 of 1961), the Board hereby notifies the Scheme contained in Regulations 33(10) of Development Control Regulation for Greater Mumbai 1991 read with the provisions of notification No TPB-4391/4080 (A)/UD – 11(RDP) dated 3rd June, 1992, as a scheme
Export of goods including plant & plant products using wood packaging material such as pellets, dunnage, crating, packing blocks, drums, cases load boards, pellet collars and skids etc. shall be allowed subject to compliance of ISPM-15.
When the disclosure is made subsequently to the seizure of incriminating material, the disclosure is made because of adverse consequences and such disclosure is not voluntary. On the facts of the case, the disclosure was made pursuant to search and seizure of incriminating material which includes the diary. The issue whether the authorities could have deciphered the documents on their own without petitioner co-operating, is immaterial.
I have great respect for judiciary and legal profession. I have heard about the eminent lawyers in India like H.M.Seervai and his courage and commitment to the chosen principles. I have studied that he was so courageous and never compromised with his chosen principles in legal profession and successfully held the post of Advocate-General of Maharashtra for 17 years continuously and even when he was acting as an Advocate-General of a State,
Ever heard of a Rs. 50-crore compensation package? That’s what V Vaidyanathan, former managing director (MD) and CEO of ICICI Prudential Life Insurance, has been offered to shift loyalties to Future Capital Holdings, the finance company promoted by Kishore Biyani of Big Bazaar/Pantaloons fame.
The employer and employee contribute to the Provident Fund each @ 12% of wages. Out of employer share of Provident Fund, 8.33% contribution is diverted to Employees’ Pension Fund.The rate of contribution by the Employer to Employees’ Pension Fund has not been raised by the Central Government for the last one decade as the total contribution as percentage of wages is at sufficient level i.e. 25.66%.
Section 80-IA [4 (iii)] of the Income Tax Act, 1961 provides for a tax holiday for 10 out of 15 years in respect of profits of any undertaking which develops, develops and operates or maintains and operates an industrial park or special economic zone.
Chief Justice of India S.H. Kapadia pointed out that the government took away powers under Section 24 of the Criminal Procedure Code, under which Public Prosecutors were appointed in consultation with the Chief Justices of the High Courts. “Why the power was taken away I don’t want to comment,” he said.
Ministry of Health & Family Welfare, in consultation with Medical Council of India, has recently taken more stringent steps to curb malpractices resorted to by the doctors by amending the Indian Medical Council (Professional conduct, Etiquette and Ethics) Regulations, 2002, on 10.12.2009.
The Supreme Court ruled last week that prosecution for issuing a cheque which was dishonoured for want of credit in the bank can be initiated only against the person who issued the cheque and not against the company or directors who were not aware of it.
