Rahuljee & Company Ltd. Versus Commissioner of Customs (Delhi High Court) -The importers who got the goods cleared on the basis of licences purchased by them through one, Gautam Chaterjee and these licences had ultimately turned out to be forged and fabricated licences purported to be issued in the names of different licence holders. – order dated 30th March, 2010 passed by CESTAT confirming the order in Original of the Adjudicating Authority imposing the penalty upon the appellants is sustainable.
Notification No. 7/2011 – Income Tax S.O. It is hereby notified for. general information that the organization Fluorosis Research & Rural Development • Foundation, Delhi has been approved,by the Central Government for the purpose of clause (ii) of sub-section (1) of section. 35 of the Income-tax Act, 1961 (said Act), read with Rules SC and SE of the income-tax Rules, 1962 said Rules), from Assessment Year
INSTRUCTION NO. 75, DATED 7-2-2011. The undersigned is directed to refer to the Instruction No. 67 issued vide letter of even number dated 28th October, 2010 on the subject mentioned above and to say that the last two lines of the same have been modified to read as under:- “that operation of Rule 47(3)(a), (b), (d) and (e) of SEZ Rules, 2006 is kept in abeyance w.e.f. 6.9.2010 until further orders”.
The government must increase the personal income tax exemption limit to at least Rs 3 lakh from Rs 1.6 lakh at present in the upcoming Budget for giving relief to taxpayers from high inflation, majority of CEOs surveyed by industry body Assocham has
India has the highest number of litigations over transfer pricing, where MNCs have been charged of reducing their tax liability by transferring profits to group companies abroad, a survey has found.
The Construction Federation of India has sought service tax exemption for development of power projects, on the lines of other infrastructural works in the upcoming Budget.
Thirty-nine entities, barred from stock markets by Sebi last week for circular trading, may also face inspection by the Ministry of Corporate Affairs (MCA) for possible anomalies in their balance sheets.
Out of 6,000 odd listed companies in India, not even 2,000 listen to what markets say, Chairman of Enam Securities Vallabh Bhanshali said here today. Addressing a seminar at Indian School of Business, he said most of the companies lack professional a
Retirement fund manager EPFO’s trustees are likely to approve a proposal to recommence investment in LIC Housing Finance at their meeting scheduled on February 15.
The Enforcement Directorate will soon file a case of money laundering in connection with the Rs 400 crore fraud allegedly perpetrated by a Citibank employee. Official sources said the Directorate, which has studied the details of the police FIR in
