UOI vs. R. Gandhi (Supreme Court – 5 Judges). Parliament is competent to constitute Tribunals for special Acts. However, the failure to ensure independence of judiciary and separation of judicial and executive power renders the Company Law Tribunal unconstitutional. Suggestions given on how to remedy the defects.
The direct tax collection for 2009-10 is likely to be around Rs 3.80 lakh crore, missing the revised target by Rs 7,000 crore (Rs 70 billion). “The final figure will be available in mid-May when all the transactions are compiled. As on date it is somewhere around Rs 3.78 lakh crore…it may be Rs 3.80 lakh crore,” Central Board of Direct Taxes (CBDT) chairman S S N Moorthy said at an Assocham seminar.
Generally marine containers are temporarily brought into a customs territory and have to be re-exported within a specified period. Normally, a Full Container Load is taken out of the port and the activity of stuffing or de-stuffing takes place at the premises of the exporter/importer.
EBI has received feedback from investors and Investors’ Associations to improve transparency in the ‘grievance redressal mechanism’. Based on the same, transparency in ‘grievance redressal’ is identified as a key area to augment investor protection.
We do not find that on all the four counts, demand was raised on the ground of clearance of goods with intent to evade payment of duty. Demand relating to third count and relating to samples was clearly demand on account of legal issues so it cannot be held that there was intention to evade payment of duty. So penalty in respect of these two counts is not sustainable.
For the purpose of sub-clause (ii), the expression “controlling interest” means an interest, whether direct or indirect, to the extent of at least fifty-one per cent of voting rights in the body corporate.
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Foreign Exchange Management (Current Account Transactions) Rules, 2000 notified vide Notification No.G.S.R.381(E) dated 3rd May 2000, as amended from time to time.
CBDT notifies all ITR forms for A.Y. 2010-11. E-filing for AY 2010-11 will commence shortly. Relevant Tags:-income tax forms, Income Tax Return, Income Tax Return form for A.Y. 2010-11, ITR for A.Y. 2010-11, Income Tax Return form for F.Y. 2009-10, ITR 1 in Pdf Format, ITR 2 in Pdf Format, ITR 3 in Pdf Format, ITR 4 in Pdf Format, ITR 5 in Pdf Format, ITR 6 in Pdf Format, ITR 7 in Pdf Format, ITR 8 in Pdf Format, ITR for F.Y. 2009-10, ITR in Pdf Format for F.Y. 2010-11, ITR V in Pdf Format, IT acknowledgement in Pdf Format, Saral II in pdf Format, Saral II in Pdf Format
The income tax (I-T) department raided the premises of the South Indian Education Society (SIES) and the residences of some of its office-bearers in an operation that continued till late evening on Tuesday. This is probably the first time an educational institution in the city has been raided by I-T officials.
In Appendix 37A, the following Note is added against the VKGUY entry No. 6 of Table 1A, and entry No. 18 of Table 2. “For the purpose of claiming VKGUY benefit, the admissible FOB value for export products covered by ITC HS Code ‘0305’ (falling under this VKGUY entry) shall be the same as admissible in terms of the Public Notice No. 56/2009-14 dated 20.04.2010”
