"17 June 2012" Archive

Whether F form required if goods are sent inter-state for job work or repairs?

Section 6A of CST Act, 1956 provides that if a dealer claims that he is not liable to pay CST on an interstate movement of goods due to the reason that it is not sale and the goods have been transferred inter-state to any other place of his business or to his agent or principal, then he will have to produce a prescribed form i.e Form F to...

Policy on Route, Caps & Entry Conditions

Development of Townships, Housing, Built-up infrastructure and Construction Development projects- FDI up to 100% under the automatic route in townships, housing, built-up infrastructure and construction-development projects (which would include, but not be restricted to, housing, commercial premises, hotels, resorts, hospitals, education...

Assessee entitled to depreciation on vehicle purchased but not registered in his name

Income Tax Officer Vs M/s. Ratan Silk Mills (ITAT Mumbai)

The only other issue in this appeal is against the deletion of addition of foreign travel expenses. The facts of this ground are that the assessee incurred foreign travelling expenses to the tune of Rs. 23.50 lakh. The A.O. disallowed a sum of Rs. 3 lakh for the reason that the journeys undertaken were not in connection with the business....

No liability to pay excise duty on used capital goods

Harsh International (Khaini) Pvt. Ltd. Vs Commissioner of Central Excise (Delhi High Court)

there is no liability to pay excise duty on the used capital goods, as a consequence the goods are not liable to be confiscated. They are, therefore, liable to be released without payment of any redemption fine. Moreover, there is also no question of the appellant paying any penalty under Rule 25 of the Central Excise Rules, 2002. The cap...

How to close / Wind Up / Strike off Company name

Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register of Registrar of company can apply in Form FTE for strike off its name from the register maintained by ROC as per Guidelines for ‘FAST TRACK EXIT MODE’ issued vide General...

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February 2024