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Archive: 10 February 2011

Posts in 10 February 2011

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 24, 2024 6564 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 4890 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!

Order U/s.119(2)(b) regarding extension of time-limit for filing ITR-V forms for A.Y. 2010-11

February 10, 2011 3015 Views 0 comment Print

In exercise of its powers under section 119(2)(b) of the Income-tax Act, 1961, the Central Board of Direct Taxes (CBDT) hereby extends the time limit for filing ITR-V forms relating to income-tax returns for A.Y. 2010-11 filed electronically (without digital signature) on or after 1st April, 2010. These ITR-V forms can now be filed upto 31st July, 2011 or within a period of 120 days from the date of uploading of the electronic return data, whichever is later.

Service Tax – Once the Committee of Commissioners accepted the Order-in-appeal, the question of reviewing the Order-in-Appeal does not arise

February 10, 2011 552 Views 0 comment Print

We find that review of an Order-in-Appeal involves application of mind and that the mind of the Committee of Commissioner was exercised so as to accept the impugned Order-in-appeal, and hence the question of once again reviewing the Order-in-Appeal does not arise. Further, the clarification is contrary to the decision of the apex Court in the case of Union of India Vs. Indian National Shipowners Association – 2010 (17) STR J57 (SC) = ( 2009-IST-07-SC-ST) , upholding the decision of the Hon’ble Bombay High Court w

Service tax – Consequent to amendment of Section 35A (3) w.e.f. 11.05.01, Commissioner (A) has no powers of remand

February 10, 2011 718 Views 0 comment Print

It is not known as to why the Assistant Commissioner chose not to give a personal hearing which is a clear violation of Principles of Natural Justice. The original authority has shown total disregard for the principles of natural justice in not granting personal hearing before passing the adjudication order. There is no indication that the respondent was delaying the adjudication proceedings as the reply has been promptly submitted by the respondents as has been duly noted by the original authority. He has held that the respondents have not produced any evidence to prove that the charge raised by them on the main service provider has been included on the tenable value of the main service provider

Manufacturer who is also service provider not required to maintain separate CENVAT accounts

February 10, 2011 615 Views 0 comment Print

The respondents is a manufacturer of satellite components and aircraft components classifiable under Chapter sub-heading 88033000 and they are paying excise duty on these goods. They are also providing service of renting of immovable property coming under Section 65(105) (zzzz) of Finance Act, 1994. The respondents have availed credit of excise duty paid on capital goods and inputs and service tax paid on input service.

ROC Revised format of ROC form No. Related to Return of Share Allotment

February 10, 2011 1793 Views 0 comment Print

(1) These rules may be called the Companies (Central Government’s) General Rules and Forms (Amendment) Rules 2011. (2) These rules shall come into force from the date of publication in the Official Gazette . 2. In the Companies (Central Government’s) General Rules and Forms, 1956, for Form 2, the following form shall be substituted , namely :- Amended Form and Official Notification Can be downloaded from the Link Given below

CESTAT bench must follow decision of coordinate bench

February 10, 2011 3381 Views 0 comment Print

Explore the CESTAT judgment upholding precedent decisions on EOU duty discharge and DTA sale eligibility. Know the legal insights in this insightful read.

Notification No. 21(RE-2010)/2009-2014, Dated: 10.02.2011

February 10, 2011 310 Views 0 comment Print

In exercise of the powers conferred by Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes, with immediate effect, the following amendment to Notification No. 38 (RE-2007)/2004-2009, dated 15.10.2007 read with Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008, as amended from time to time.

Prohibition on Export of Non-basmati Rice-exemption for export to Bangladesh

February 10, 2011 298 Views 0 comment Print

In exercise of the powers conferred by Section 5 of Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes, with immediate effect, the following amendment to Notification No. 03(RE-2010)/2009-14 dated 30.08.2010 read with Notification No. 55 /2009-2014 dated 06.08.2010 and also read with Notification No.38 (RE-2007)/2004-2009, dated 15.10.2007 and Notification No. 93 (RE-2007)/2004-2009 dated 1.4.2008, as amended from time to time.

Prohibition on export of Onions – Exemption for export of Bangalore rose onions and Krishnapuram onions

February 10, 2011 313 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government, with immediate effect, makes the following amendments in Notification No. 13(RE-2010)/2009-14 dated 22.12.2010.

Allocation of cotton yarn export not being made today

February 10, 2011 313 Views 0 comment Print

Since the last date of export is 31st March, 2011, the allocation would be completed as expeditiously as possible, on receipt of the confirmatory e-mails (last date of receiving such e-mails is 14.2.2011). In view of the above, the allocation of cotton yarn for export as stipulated in Policy Circular No. 15 dated 1.2.2011 is not being made today.

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