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Archive: 29 November 2010

Posts in 29 November 2010

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4533 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4002 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Johnny and Service Tax Refund [Series- II]-Part 3- ‘Conditions Relating To Port Services’

November 29, 2010 294 Views 0 comment Print

In continuation of the series of previous two articles, elaborating the difficulties in getting the refund claim due to conditions relating to Invoice and CHA service, we in this article are attempting to present the problems existing in the Service

Not a Scam but a Case of Moral Devaluation

November 29, 2010 306 Views 0 comment Print

When money speaks, nobody bothers for grammar. This is what has been proved by recent surfacing of bank loans as a cross breed of bribe-corruption. Bribe, unethical behavior and corruption- its all in India’s blood and system now – be it using office stationery, personal use of office car, jumping a red right and getting scot-free for few hundred rupees to income tax refunds, transfer postings or land allotments, telecom scam, sanction of loans or getting monetary benefits by use of discretionary powers (like the one recently unearthed). Not long ago, there was a case for a stock broker entering the corridors of power with brief cases. The corruption at IPL, Common wealth games, Adarsh housing society , sugar scam, fodder scam, are just few which come to mind.

ICSI issues Directives/Instructions for the Council/ Regional Council Elections -2010

November 29, 2010 441 Views 0 comment Print

The ICSI Election to the Council/Regional Councils – 2010 is to elect highest policy making bodies at the Central and Regional levels. The Members and the Contesting Candidates are advised to exercise utmost Self-Regulation to maintain and uphold the

The result of Online CPT Examination held in the month of October, 2010 declared

November 29, 2010 234 Views 0 comment Print

The result of Online CPT Examination held in the month of October, 2010 declared go to http://220.227.161.82/cpt_onli ne.htm www.icai.org

Government considering introduction of new Bill on emigration

November 29, 2010 303 Views 0 comment Print

The government is seriously considering introduction of a new Bill on emigration in Parliament soon and changes in its policy, including abolition of sponsorship for visit visas, aimed at protecting the interest of Indians working abroad. Minister fo

RBI cautions against money schemes by unauthorised non-banking finance companies

November 29, 2010 204 Views 0 comment Print

The Reserve Bank on Monday cautioned people against money schemes offering assured high returns and asked them not to have deposits with unauthorised non-banking finance companies (NBFCs), which falsely claim to have approval from the central bank to

Clarification regarding Quantity discounts, bonus quantities, etc. cleared without payment of duty under MRP based assessment – reg.

November 29, 2010 509 Views 0 comment Print

A larger bench of CESTAT in the case of Indica Laboratories Vs CCE, Ahmedabad 2007(213) ELT 20(T-LB), has held that quantity discount, bonuses etc. are applicable for the valuation of goods under section 4 of the Central Excise Act, 1944 and not in case of goods valued under Section 4A.

Classification of PXI Controllers, Input/Output Modules, Signal Converters and Chassis and its parts-regarding

November 29, 2010 616 Views 0 comment Print

It has been brought to the notice of the Board that there are divergent practices regarding classification of PXI Controllers, Input/Output Modules, Signal Converters and Chassis and its parts. Essentially, PXI Controllers are designed for measurement and automation applications, which require high performance and a rugged industrial form. Further, Input/Output Modules are tailored

Assocham proposes to develop 14 industrial clusters in Bihar

November 29, 2010 282 Views 0 comment Print

Assocham General Secretary D S Rawat said today that the proposed clusters would provide jobs to 6 lakh people, directly and indirectly. Rawat, who was talking to reporters here after releasing the Assocham’s study report on ‘Cluster Development for

Exemption from disclosure norms can be given by SEBI only- SC

November 29, 2010 498 Views 0 comment Print

Companies seeking exemption from disclosure norms before tapping the capital market can only do so with the prior consent of market regulator Securities and Exchange Board of India (SEBI), the Supreme Court has ruled. The apex court’s direction cam

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