"14 March 2012" Archive

Software License Charges – Payment for right to use of copyrighted article do not constitute ‘royalty’

Allianz SE (Formerly known as Allianz AG) Vs. Asstt. Director of Income-tax (ITAT Pune)

There is no disagreement between the taxpayer and the AO that (a) in terms of the license agreement, the taxpayer has granted only right to use of a copyrighted article and not for the use of a copyright and (b) the copyright continue to remain with the CGI. The Special Bench of the Delhi Tribunal in the case of Motorola Inc has observed ...

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Customs : Regarding ‘Handling of Cargo in Customs Areas Regulations, 2009’

F. No.450/24/2012-Cus.IV 14/02/2012

It has been reported that in a large number of cases, containers detained by Directorate of Revenue Intelligence (DRI), Special Intelligence & Investigation Branch (SIIB) or Preventive formations are not being released after elapse of considerable time. This has caused undue hardship to shipping companies by paying exorbitant demurrage ch...

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Railway Budget 2012-13 – List of New Trains

RAILWAY BUDGET 2012-13- List of new Express Trains, Passenger Trains, MEMU, DEMU, Extension of run and increase in frequency of trains announced in Railway Budget 2012-13....

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Posted Under: Income Tax |

Computation of limitation period begins from the date of expiry of the compliance period as provided by order u/s.234(3A)

Khulood Imp ex Private Limited & Ors. VS The Registrar Of Companies (Delhi High Court)

A bare perusal of section 469 CrPC makes it amply clear that the period of limitation commences from the day the offence comes to the knowledge of the complainant. In the present case the “offence” of non-compliance with the order came to the knowledge of Respondent/ Complainant when the petitioners defaulted in furnishing the details...

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Railway Budget 2012 – 75 New Local Trains for Mumbai

137 Additional Sub-Urban Services for Mumbai,Chennai & Kolkata -Minister for Railways Shri Dinesh Trivedi said with a view to further enhancing the carrying capacity of suburban services additional services are being introduced in Mumbai, Chennai and Kolkata. These include 75 new services in Mumbai, 18 in Chennai and 44 in Kolkata area. ...

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Posted Under: Income Tax |

S. 11B Burden to prove that Excise duty incidence not transferred to customer is on person claiming refund

Munch Food Products Limited Vs Commissioner (Delhi High Court)

Munch Food Products Limited Vs Commissioner (Delhi HC) In the grounds of appeal, the petitioner had pleaded and submitted that the observations of the Assistant Commissioner to the effect that the value shown in the invoices issued along with the gate passes was sum total of asses sable value of the item and the duty […]...

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Railway Budget 2012-13 – New Passenger Amenities

The allocation under passenger amenities in this year’s Railway Budget has been raised to Rs. 1102 crore. The allocation under this head in 2011-12 was Rs. 762 crore. Some of the important passenger and other user friendly measures introduced or being proposed during 2012-13 are:...

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Posted Under: Income Tax |

Railway Budget 2012-13 – Increase in Fare of All Class Travel

Proposed Increase not Enough to Cover Impact of Fuel Price Rise in 8 Years Railway Minister Shri Dinesh Trivedi has announced minor increase in fares so as to cause minimal impact on the common man and to keep the burden within tolerance limits in general. He has proposed only 2 paise per km extra for […]...

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Posted Under: Income Tax |

Railway Budget 2012-13 at a Glance – Download Budget Speech

75 New Express Trains, 21 new Passenger Services, 9 DEMU and 8 MEMU services. 137 Services New Sub-Urban Services to Come up in Mumbai, Chennai & Kolkata . 725 km New Lines to be Introduced ...

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Posted Under: Income Tax |

Highlights of Railway Budget 2012-13

assenger fares increased marginally. The increase will be by 2 paise per km for suburban and ordinary second class; 3 paise per km for mail/express second class; 5 paise per km for sleeper class; 10 paise per km for AC Chair Car, AC 3 tier and First Class; 15 paise per km for AC 2 tier and 30 paise per km for AC I. ...

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Posted Under: Income Tax | ,

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