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Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
Notification No.77/2010 – Customs (N.T.), Dated the 27th August, 2010- Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 1st September, 2010 be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
n 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 also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby grants the exemption from DGFT import authorization, required in terms of para 2.7 of FTP, for import of following goods,
No appeal lies to SC u/s 10 of Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 against interlocutory orders passed by Special Court
Income Tax Order No. 4/FT&TR-II/2010 In exercise of powers conferred under section 144C of the Income-tax Act, 1961 and in supersession of Order No. 3/FT&TR-II/2010 dated 1st July, 2010, the Board hereby constitutes the Dispute Resolution Penal (DRP-II, Mumbai) comprising of there Commissioners of Income-tax/Directors of Income-tax as members of DRP at the place given below with immediate effect and until further orders.
Notification No. 84/2010-Customs -amendments in the notification No. 13/2010-Customs, dated 19th February 2010 , In the said notification, in the TABLE, – (A) against S.No.1, – (i) In column (2), after item (b), the following shall be inserted, namely:- (c) Aerostat – with all standard equipment and frames and- tools, including skirtings with essential and standard accessories; Geo Textiles Ground Cloth or Carpet with cutting and laying Machines withstandard and essential accessories.
Individuals and companies can expect some relief in the Direct Taxes Code (DTC), with the government planning to widen personal income-tax slabs, enhance the exemption limit and remove levies on corporate tax. This comes with the Cabinet clearing the Direct tax code which will be introduced in Rajya Sabha, and referred it to a select committee, during the monsoon session.
The Ministry of Corporate Affairs in association with Dun & Bradstreet has released an e-learning programme for Corporate Governance Voluntary Guidelines 2009. While the guidelines are not mandatory, the Government hopes that they will serve as a benchmark for the highest standards in the corporate sector.
In a major embarrassment for the Andhra Pradesh judiciary, five judges were caught cheating while writing the LLM (Master of Law) examination for which they were promptly suspended by the High Court.
In case the equilibrium price is not discovered in the pre-open session, wherein, there are only market orders, the market orders shall be matched at last traded price and all unmatched orders shall be shifted to the order book of the normal market at last traded price following time priority. Last traded price shall be the opening price.
SEBI has received proposal from the stock exchanges and market participants for introducing Smart Order Routing which allows the brokers trading engines to systematically choose the execution destination based on factors viz. price, costs, speed, likelihood of execution and settlement, size, nature or any other consideration relevant to the execution of the order.
