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With great pain from the bottom of my heart, I have been writing this article. I have got great respect for legal profession, legal professionals and Indian Court System. I have had the privilege of reading some of the land-mark cases like ‘breach of legislative privilege case’ where late Shri H.M.Seervai has argued infavour of […]
IDBI Bank limited, a new generation PSU Bank, has successfully launched ‘Online PPF Subscription Facility’ for its customers in the month of February, 2013. The Bank had earlier got permission from Government of India for operationalising PPF transactions through Internet banking.
Therefore, we are of the opinion that right of consideration in appeal and on an application for waiver of pre-deposit, is a right conferred by the Statute and such right cannot be defeated on the basis of Circular, which contemplates that the recovery can be effected, is stay is not granted within 30 days.
In pursuance of sub-rule (1) of rule 11 of the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002, the Central Government hereby extends the period upto 25th May, 2013 for submission of final
Download Speech of Sh. Pawan Kumar Bansal introducing the Railway Budget, 2013-14 on 26th February 2013 Highlights of The Railway Budget – 2013-14 Thrust 1. Safety; 2. Consolidation; 3. Passenger Amenities; 4. Fiscal Discipline. Some Achievements/Initiatives • IR enters the one billion tonne Select Club joining Chinese, Russian and US Railways;
The Central Bureau of Investigation has arrested an Income Tax officer for demanding & accepting a bribe of Rs.10,000/- from the Complainant.
In the present case, we find that the impugned order deals not only with the question of limitation but also with the question of valuation. It so happens that in the present case, the issue with regard to the valuation of the taxable services was decided in favour of the revenue but, because the extended period of limitation was not invokable, as per the Tribunal, the respondent-assessee did not prefer any appeal against the said order.
On a plain reading of the provisions of section 54F of the Act, we do not find anything therein to suggest that the new residential house acquired should be situated in India. The jurisdictional High Court in the case of Mrs. Jennifer Bhide (supra) has held that introducing a word which is not there into a section amounts to legislating when Parliament has not used these words in the said section.
Notification No. 18/2013 – Income Tax S.O. 464(E)- the notification of Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 9/2013 dated 31-1-2013 bearing S.O. 309(E) and published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated, 31st January, 2013
Notification No. 17/2013 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby- (a) directs that the Commissioner of Income-tax specified in column (2) of the Schedule hereto annexed, having his headquarters at the place specified in the corresponding entry in column (3) of the said Schedule, shall exercise the concurrent powers-
