Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
In yet another blow to 21 social networking sites including Facebook, Microsoft, Google, Yahoo and Youtube, a Delhi court today issued summons to them for facing trial for allegedly webcasting objectionable contents.Metropolitan Magistrate (MM) Sudesh Kumar took cognizance on a private criminal complaint and has directed the Centre for taking “immediate appropriate steps” and also file a report in the court by January 13.
A person cannot claim damages from bank if he fails to immediately block his lost ATM and money is unauthorisedly withdrawn by using the card, a district consumer forum has said. It said the bank would have been liable if the transaction of withdrawal of money took place after blockage of the card. A bench of Central Delhi District Consumer forum passed the order while dismissing a complaint filed by a Faridabad resident Deepa Singh alleging that bank is liable for the compensation as it allowed illegal withdrawal of money from her account after she lost her ATM.
The CBDT Instruction F. No. A-32013/3/2000-Ad. VI dated 18.07.2000, wherein the date of passing the Examination was reckoned from the last date of the Examination, was modified by Instruction F.No. OA 542/1995/CAT Cuttack/2002/DIT/697 dated 22.05.2009. The modification was necessitated in the light of the decision of the Hon’ble Orissa High Court in W.P. (C) No. 224 of 2003 dated 31.10.2008 in the case of Union of India & Ors. Vs. Kishore Chandra Mohanty & Ors. In the said judgement Hon’ble Orissa High Court has also referred to the decision of the Hon’ble Supreme Court in UPSC Vs. Ajaya Kumar Das & Others [Civil Appeal No. 6295 of 2001 dated 10.09.2001]
Farmers have reiterated their support for Cabinet’s decision to allow FDI in Multi-Brand Retail. In a meeting with the Minister of Commerce, Industry and Textiles Shri Anand Sharma here today, Secretary General of Consortium of Indian Farmers Associations (CIFA), Shri P. Chengal Reddy conveyed the desire of various farmers’ body to implement the decision as soon as possible. “FDI in retail will free farmers from the middleman and will get the remunerative price for the produce to the farmer” said Shri Reddy after the meeting.
Notification No. 113/ 2011-Customs, New Delhi, dated the 23rd December, 2011 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 96/2008-Customs, dated the 13th August, 2008, published in the Gazette of India, Extraordinary, vide number G.S.R. 590 (E), dated the 13th August, 2008, namely:-
The EGoM in its meeting held on 9.2.2011 permitted the export of 1,00,000 MTs of Sona Masuri (from Chennai & Vishakhapatnam port), 25,000 MTs of Ponni Samba (from Tuticorin port) and 25,000 MTs of Matta rice (from Kochin port) which was notified through notification no. 21 dated 10.2.2011 and Public Notice No. 36 of 1.3.2011. A Minimum Export Price (MEP) of USD 850 per MT (PMT) for such exports was notified through Public Notice No. 37 dated 08.03.2011 and Public Notice No. 44 of 31.03.2011. During April, 2011 to July, 2011, 1.10 lakh tonnes of non-basmati rice has been exported. However, to remain price competitive in the international markets, the MEP of USD 850 was reduced to USD 600 PMT through Public Notice No. 72 dated 12.08.2011.
The Institute is in the process of development of XBRL Taxonomy for Cost Audit Report and Compliance Report. The Institute has approved the release of initial draft of ICWAI XBRL Taxonomy for public comments. The proposed taxonomy may be modified in the light of comments / suggestions received. Please submit your views / comments / suggestions on the XBRL Taxonomy, preferably by email, latest by January 31, 2012. Comments should be addressed to:
The Union Finance Minister Shri Pranab Mukherjee has said that we need to make the development process more inclusive and also as a means to create sustained opportunities for growth in the country. He said that there is urgent need to improve the reach and quality of our social and physical infrastructure, reduce the regional imbalances and improve the opportunities for the less privileged, while strengthening the role of Government as an enabler. Shri Mukherjee was delivering the inaugural address at the 1066 Annual General Meeting (AGM) of the PHD Chamber of Commerce here today. The theme of the conference was “India 2021: Promise or Progress”. The Finance Minister Shri Mukherjee also released a book entitled “Growth Prospects of the Indian Industry” on this occasion.
Notification No.114 /2011 – Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 8/2011-Customs, dated the 14th February, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.91 (E), dated the 14th February, 2011 namel
After doing the initial KYC of the new clients, the intermediary shall forthwith upload the KYC information on the system of the KRA and send the KYC documents i.e. KYC application form and supporting documents of the clients to the KRA within 10 working days from the date of execution of documents by the client and maintain the proof of dispatch. CIRCULAR No. MIRSD/Cir- 26 /2011 , Dated- December 23, 2011
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