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Archive: 23 September 2013

Posts in 23 September 2013

CBDT Notifies Rules For General Anti Avoidance Rules (GAAR)

September 23, 2013 4988 Views 0 comment Print

Notification No. 75/2013 – Income Tax Vide Notification dated 23.09.2013 issued by the CBDT, Rules 10U to 10UC have been inserted in the Income-tax Rules, 1962 to provide for the entire procedure for monitoring the General Anti Avoidance Rules (GAAR). The relevant forms have also been notified. The said Rules will come into effect on 1st April 2016.

Arrest for Drinking cutting tea suspiciously not lawful – HC

September 23, 2013 5862 Views 0 comment Print

– We were unaware that the law required anyone to give an explanation for having tea, whether in the morning, noon or night. One might take tea in a variety of ways, not all of them always elegant or delicate, some of them perhaps even noisy.

BSE to Develop India’s First CSR Index

September 23, 2013 840 Views 0 comment Print

Indian Institution of Corporate Affairs (IICA) and BSE Ltd. today signed an MoU in Mumbai to work collaboratively to develop a Corporate Social Responsibility (CSR) index, take up capacity building on CSR,

US Rules in Favour of India in Countervailing Duty Investigation on Frozen Shrimp exports from India

September 23, 2013 438 Views 0 comment Print

The United States International Trade Commission (USITC) determined that the US industry is neither materially injured nor threatened with material injury by reason of imports of frozen warm water shrimp from India, China, Ecuador, Malaysia, and Vietnam. USITC voted 4-2 against imposition of countervailing duty (CVD) against India and other six countries. As a result […]

Search based on 3rd Party Information but not based on reasons U/s. 132(1) is invalid

September 23, 2013 1229 Views 0 comment Print

Section 132 contemplates existence of certain eventualities in the event of existence where of the competent authority should have reason to believe the existence of the circumstances mentioned in clause (a) to (c) of sub-section (1) of Section 132 of the Act

Accept School leaving certificate as age proof : SC

September 23, 2013 12104 Views 0 comment Print

We are of the view that no cogent reasons have been stated by the High court to discard the school leaving certificate which was issued on 10.04.2004 by the then Principal of the school. The certificate reveals the date of birth of the accused as 10.05.1991.

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