"23 September 2013" Archive

CBDT Notifies Rules For General Anti Avoidance Rules (GAAR)

Notification No. 75/2013 - Income Tax (23/09/2013)

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 1s...

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Arrest for Drinking cutting tea suspiciously not lawful – HC

Vijay Lahu Patil Vs The State of Maharashtra (Bombay High Court)

- 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. ...

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BSE to Develop India’s First CSR Index

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,...

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Posted Under: Income Tax |

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

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 oth...

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Posted Under: Income Tax |

Accept School leaving certificate as age proof : SC

Ranjeet Goswami Vs State of Jharkhand & Anr. (Supreme Court of India)

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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