Union Finance Minister Shri Pranab Mukherjee held a meeting with Trade Unions’ Group to get their inputs for General Budget 2011-12, here today. This was the third meeting in the series of pre-Budget consultations held by Finance Minister with the st
Shri A. N. Raman, a Central Council Member of The Institute of Cost and Works Accountants of India (ICWAI), functioning under the aegis of the Ministry of Corporate Affairs, has taken over as the President, South Asian Federation of Accountants (SAFA
The Union Finance Minister, Shri Pranab Mukherjee has said that the resilience shown by Indian economy during the global crisis reflects a maturing of the economic management of the country and the growing competitiveness of our enterprise. The overa
Law and Justice Minister, Dr. Veerappa Moily has said that Alternative Dispute Resolution, ADR, will be the preferred mode of settlement of disputes in the future. India is spearheading the ADR movement and has caught up the attention of Courts in th
India’s exports have registered a growth of 36.4% during December 2010, at US $ 22.5 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-December 2010, exports have re
Union Finance Minister Shri Pranab Mukherjee has asked State Governments to urgently look into the supply management of items that are driving the current round of food inflation in the economy, in particular looking at the local factors that are wid
Industrial growth nosedived to 2.7 per cent in November 2010 against 11.3 per cent in the same period a year-ago, pulled down by dismal performance of manufacturing sector, particularly the consumer non-durables. In October 2010, the Index of Industr
THE Central Bureau of Investigation has arrested an Income Tax Officer of Central Revenue Building, Civil Lines, Raipur for demanding and accepting a bribe of Rs.20,000/- from the complainant. A case was registered against Income Tax Officer, Central Revenue Building on the allegation that the accused had demanded a bribe of Rs 30,000/- from the complainant for settling an Assessment Case (Assessment Year 2008-09) in his favour. The bribe amount was, however, reduced to Rs 20,000/- subsequently.
Setting aside apprehensions by India Inc, Government is all set to go ahead with making it mandatory for companies to rotate their auditors every five years. Corporate affairs minister Salman Khurshid will push for such an amendment in the new compan
Section 44 of the KGST Act is very clear and it stipulates that it is only the dealer of tea on whom the assessment has been made and it is only he who can claim for refund of tax. In view of the clear and unambiguous position, the appellant cannot claim for refund of tax collected from the seller of tea. It is clearly provided in the principles of Interpretation of Statutes that when the meaning and the language of a statute is clear and unambiguous, nothing could be added to the language and the words of the statute.
