In the absence of any evidence of any deliberate intention on the part of the respondents to delay delivery of the vehicle, we are unable to agree with the petitioner that the increase in price has to be borne by the respondents. The petitioner had r
The learned CIT has also given one more reason that it is not comprehensible as to why not the assessee got itself registered as a society,if the motive of the assessee was to do activities of public charity. This reason given by the CIT is found, in
Electronics Corporation of India Ltd. is a Central Government Public Sector Undertaking (PSU). It is registered as a Government Company under the Companies Act, 1956. It is under the control of Department of Atomic Energy, Government of India. A dispute had been raised by the Central Government (Ministry of Finance) by issuing show cause notices to the assessee alleging that the Corporation was not entitled to avail/utilize Modvat/Cenvat Credit in respect of inputs whose values stood written off.
The government is considering a simple and streamlined set of norms for all kinds of overseas investments into capital markets, but wants such foreign investors to undergo a stricter scrutiny process. The move could facilitate direct investments by both individual and institutional entities abroad into Indian equity and debt markets, as against the current practice of coming through FIIs, venture capital and private equity funds.
Seeking equal treatment in investment and taxation between overseas and resident Indians, diversified conglomerate Hinduja Group today said amnesty must be given to bring back black money from foreign soil to India.
The government is likely to increase excise duty by 2 per cent in sectors like FMCG and automobiles, as well as raise service tax, in the forthcoming Budget to reduce the fiscal deficit, a report said.
Terming existing corporate laws as complex and not conducive to overseas M&A by domestic firms, CII today asked the government to facilitate such deals by easing regulatory norms to increase the presence of Indian firms in global markets.
Amid instances of corruption in MNREGA implementation, government has decided to tighten the audit system, which includes broadening the scope of the Comptroller and Auditor General (CAG) in the scheme.
Shri Murli Deora, Union Minister for Corporate Affairs and Shri R.P.N. Singh, Minister of State for Corporate Affairs had an Interactive Session with corporate India on the initiatives of Ministry of Corporate Affairs, namely, Companies Bill and Inte
Industry chamber Assocham today asked the government to re-introduce the tax exemption scheme to promote affordable housing in the forthcoming Budget for 2011-12. The chamber also said real estate sector should be accorded infrastructure industry sta
