We find that in an identical issue this bench had taken a view in the case of Chakita Ranjini Udyam (supra) that the value of the rubber, cushion, gum and solution consumed in the retreading/ reconditioning of tyres need not be included in the value for the discharge of Service Tax and benefit of Notification No.12/2003 is available.
We are of the prima facie view that from the number of invoices, it is clear that the invoices dated 29.07.2005, 26.08.2005, 1.8.2005, 22.10.2005 and 26.11.2005 had been issued at a later date in 2006, as the invoice number of these invoices issued during July 2005 to November, 2005 period is of the year 2006 and under these invoices, the credit amounting to about Rs.60 lakhs had been taken.
We have seen the growth of reality sector in the recent past and with the rise of Private Sector, the growth and the employment opportunities, many individuals prefer to acquiring flats in large residential projects undertaken by reputed builders. The growth of reality sector proceeds on the basis of expectation of continual growth and also the investors feel secured by investing in fixed assets.
Shareholding pattern prior to listing of securities Entities which seek listing of their securities post-IPO shall mandatorily submit their shareholding pattern as per Clause 35 of the LA one day prior to the date of listing. The stock exchanges sha
ORDER NO. : IRDA/F&A/ORD/EMT/203/12/2010, DATED 8-12-2010 On the recommendation of the General Insurance Council vide letter dated November 22, 2010, the Authority hereby exercises powers vested under the proviso to section 40C(1) of the Insurance Act, 1938. In accordance therewith, the companies listed at Annexure shall be deemed to be not in violation of the […]
Kind attention is invited to Notification Nos. 49/2003-CE and 50/2003-CE both dated 10.06.2003 which provide full exemption from excise duties to goods cleared from industrial units in the states of Uttarakhand and Himachal Pradesh for a period of ten years from the date of commencement of commercial production. The exemption is available to new units set up or existing units which have undergone substantial expansion in terms of the said notifications and commence commercial production before the cut-off date, that is, on or before 31.3.2010
Insurance : Committee on Commercial Motor Third Party Liability Cover ORDER NO. IRDA/NL/ORD/MPL/212/12/2010, DATED 17-12-2010 1. Offering Motor third party liability cover to commercial vehicles has been a challenge for non-life insurers in view of the tariff controls prevailing and non availability of credible data and statutory provisions. The Authority, vide direction dated 4th December […]
The Income-Tax Department on Sunday conducted searches in over a dozen premises of an Ahmedabad-based real estate development firm for tax evasion. Over a dozen premises of Shaladia Construction were searched in Ahmedabad and Gandhinagar for tax
A person who was convicted for an offence and removed from service cannot claim backwages even if he was acquitted later, the Supreme Court ruled in the case, Corp Mithilesh vs Union of India. Merely because he is acquitted, he is not entitled to backwages and other consequential benefits, the court said.
Notification No.101/2010 – Customs (N.T.), New Delhi, dated the 22nd December, 2010. S.O. (E). – In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Central Excise, Salem to exercise the powers and discharge the duties conferred or imposed on them Commissioner of Customs, Tuticorin for the purposes of adjudicating the matters relating to Show Cause Notice issued to Shri R. Ramaraj,
