"12 January 2012" Archive - Page 2

Policy Circular No. 52 (RE-2010)/2009-14, Dated: 12.01.2012

Policy Circular No. 52 (RE-2010)/2009-14 12/01/2012

Policy Circular No. 47 (RE 2010)/2009-2014 dated 08.11.2011 laid down the procedure to file the DEPB applications for ‘Free Shipping Bills” for exports of ‘Cotton Yarn including Melange Yarn’ and ‘Cotton’. Representations have been received from trade and industry with regard to exports made under the “EPCG Shipping Bills...

S. 54F exemption available for sum invested in land but non-construction of building due to Court order

Smt. V.A. Tharabai Vs Deputy Commissioner of Income-tax, Circle I, Vellore (ITAT Chennai)

The course of events in the instant case shows that the assessee was really contemplating the construction of a residential house. This intention of the assessee is very clear from the fact that within days of the sale of her old property, the assessee had purchased the new site for constructing a residential house. The old property was s...

CBI register case against three custom official for fraudulent clearance of goods

The allegation in brief is that Kuwait based private firm had sent 3 items of electronic goods i.e. one Plasma T.V., a Sound System and Mounting brackets worth Rs.90,727/- in favour of a Lady, resident of Melattoor P.O., Trichur, whose husband was an employee of the above firm. The items were sent to her as gift items on the occasion of h...

Posted Under: DGFT |

Compounding of offences under Income tax Act, 1961

This paper aims at bringing out the intricacies of prosecution of offences contained in the Income Tax Act, 1961 and their compounding. This paper further minutia the various guidelines issued by the CBDT in this regard. The readers are cautioned to take proper care and consultation before acting on the material contained in this article....

Posted Under: DGFT | ,

Certificate Course on Valuation is scheduled to start at Mumbai, with Fees INR 25000 from 21st-22nd January, 2012. Please Register

Certificate Course on Valuation is scheduled to start at Mumbai, with Fees INR 25000 from 21st -22nd January, 2012. Please Register. ...

Posted Under: DGFT |

Result of the Information Systems Audit [ISA] Assessment Test held on 24th December, 2011 is likely to be declared tentatively on 18th January, 2012

The result of the Information Systems Audit [ISA] Assessment Test held on 24th December, 2011 is likely to be declared tentatively on 18th January, 2012 around 2.00 PM at the Institute’s office at New Delhi....

Posted Under: DGFT |

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