SEZ : Creation of Single Window Mechanism for granting various statutory approvals under Environmental and Regulation INSTRUCTION NO. 73, DATED 29-12-2010 The undersigned is directed to enclose a copy of D.O. letter No. 23-16/2009-HSMD, dated 23-11-2010 from Shri Rajiv Gauba, Joint Secretary, Ministry of Environment and Forests along with a copy of minutes of meeting […]
Around 100 cooperative sugar mills in Maharashtra have lost one round of a battle on income tax (I-T) arrears dating back to 1992-93, with an appellate authority rejecting their argument on dues. If the decision, by the commissioner of income tax (appeals), is not appealed again, the mills may have to pay Rs 2,500 crore in arrears.
The government has initiated an inquiry into Cadbury India’s takeover by US-based Kraft Food Inc on Delhi High Court’s directive, for alleged tax evasion and flouting of buyout norms. The Finance Ministry has initiated the inquiry under the Income Tax Act on the order of the High Court, which asked the government last month to complete the probe within 8 weeks.
With different tax rates leading to fuel prices varying from state to state, the oil industry has demanded inclusion of crude oil and its products, and natural gas in the reformist GST (Goods and Services Tax) regime. Petrofed, a body representing bo
Market regulator SEBI today warned brokers that any change in trade details of clients after execution would attract monetary penalty if the reason is not genuine. The decision has been taken to check any possible fraudulent activities by changing cl
The alleged mastermind of Rs 300 crore Citibank fraud, Shivraj Puri, invested most of the funds raised from corporate entities and high networth individuals in derivative instruments in stock markets.
Finance Minister Pranab Mukherjee on Tuesday said the government is examining the decision of the Income Tax tribunal in the Bofors case and will decide the future course of action later. “As the Law Ministry has pointed (out), we are examining the
Amid rising prices of cooking oil, the government is unlikely to increase import duty on crude and refined edible oils that currently stands at zero and 7.5 per cent, respectively. “There will not be any increase in import duty of crude and refined e
In the wake of Citibank fraud and other scams, Finance Minister Pranab Mukherjee today cautioned against “window dressing” by accounting firms and called for stricter disclosure guidelines. “Accountants have a critical role in guarding against windo
The Supreme Court today said Sebi was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies’ ongoing fund-mopping exercise. The apex court was hearing market regula
