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Archive: 29 November 2013

Posts in 29 November 2013

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7170 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

All government decisions can’t be seen with suspicion: SC

November 29, 2013 895 Views 0 comment Print

Honorable SC held that If every decision taken by the State is tested by a microscopic and a suspicious eye, the administration will come to stand still and the decisions-makers will lose all their initiative and enthusiasm.

Recovery without notice & providing reasonable time is gross violation of Court directions

November 29, 2013 2267 Views 0 comment Print

Income Tax Officer being a quasi judicial authority should observed the parameters which are laid down by the Hon’ble High Court in various decisions and reasserted in the case of UTI Mutual Fund Vs ITO (supra) for recovery of outstanding demands.

SEBI : Circular on Infrastructure Debt Fund (IDF) Foreign Institutional Investors (FIIs) which are long term investors

November 29, 2013 307 Views 0 comment Print

It has been decided that regulated foreign feeder funds, having at all times, at least 20% of their assets under management held by investors belonging to one of more of the above categories of FIIs

Notification No. 30/2013-Central Excise ; Dated : 29.11.2013

November 29, 2013 541 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in the Table below and falling under the First Schedule to the Central Excise Tariff Act, 1985

Notification No. 49/2013-Customs Dated: 29/11/2013

November 29, 2013 853 Views 1 comment Print

when imported into India, from the whole of the duty of customs leviable thereon which is specified in the said First Schedule and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act,1975 subject to the condition that the importer produces

Draft Guidelines on Entry of Banks into Insurance Broking Business

November 29, 2013 373 Views 0 comment Print

It has been decided to permit banks to undertake insurance broking business departmentally. Since Insurance Broking is a knowledge intensive activity which requires professional expertise, this will be permitted subject to the certain conditions.

Applicability of set-off to developers of SEZ and units in SEZ

November 29, 2013 3494 Views 0 comment Print

Developers of SEZ are engaged in construction and development of processing and non-processing zones and providing other utilities in SEZ. Also, units in SEZ may undertake construction or development activity.

Notification No. 116/2013-Customs (N.T.) Dated: 29/11/2013

November 29, 2013 331 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby

CBDT notifies Multi Commodity Exchange of India Limited for the Purpose of Section 43(5)

November 29, 2013 2023 Views 0 comment Print

Notification No. 92/2013 – Income Tax Central Government hereby notifies the Multi Commodity Exchange of India Limited, Mumbai as a recognised association for the purposes of clause (e) of the proviso to clause (5) of the said section, with effect from the date of publication of this notification in the Official Gazette.

Live-in relationship is neither a crime nor a sin : SC

November 29, 2013 1550 Views 0 comment Print

Live-in or marriage-like relationship is neither a crime nor a sin though socially unacceptable in this country. The decision to marry or not to marry or to have a heterosexual relationship is intensely personal.

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