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Archive: 2013

Posts in 2013

To maintain petition u/s. 397 shareholding positions on date of filing of petition ought to be considered

January 21, 2013 861 Views 0 comment Print

The Board ought to have considered the date of filing of the Petition, as well as the admissions so given by the contesting Respondents, before rejecting the Company Petition in such a fashion on the ground of maintainability.

ICSI – New President & Vice-President WEF 19.01.2013

January 21, 2013 1002 Views 0 comment Print

ICSI Elects CS S. N. Ananthasubramanian as PRESIDENT & CS Harish K. Vaid as VICE-PRESIDENT of the Council of the Institute Company Secretaries of India (ICSI) w.e.f. 19th January, 2013.

To reject view taken in earlier assessment years, there must be material change in the fact, situation or in law

January 21, 2013 2431 Views 0 comment Print

Explore how Income Tax Appellate Tribunal upholds consistency in mobilization advance treatment, referencing an accepted accounting method and legal precedent.

Import Duty on Gold & Platinum Raised to 6 Percent

January 21, 2013 810 Views 0 comment Print

The Government has proposed to provide a link between the Gold ETF (Exchange Traded Fund) and the Gold Deposit Scheme. The objective is to unfreeze or release a part of the gold physically held by mutual funds under Gold ETFs and enable them to deposit the gold with banks under the Gold Deposit Scheme.

Policy of fixing new appeals on 60th day of its filing dispensed with due to increased pendency at Delhi Benches

January 21, 2013 523 Views 0 comment Print

ITAT’s note on department’s General Grievances in the matter of representation and adjudication of cases fixed before each bench of ITAT Delhi NOTE, dated 21-1-2013 The CIT-DR (Admn.), vide letter dated 27th December, 2012, (Annexure) has expressed their grievance with regard to cases fixed before each Bench, which usually exceed 20. She has stated that due to paucity of manpower with the Department and the large number of fixation, it becomes very difficult for the Departmental Representatives to handle those cases.

SEBI (Investment Advisers) Regulations, 2013 notified

January 21, 2013 3693 Views 0 comment Print

On and from the commencement of these regulations, no person shall act as an investment adviser or hold itself out as an investment adviser unless he has obtained a certificate of registration from the Board under these regulations:

Brics Countries Identifies Seven areas of tax policy and tax Administration for Extending their Mutual Cooperation

January 21, 2013 1215 Views 0 comment Print

Affirming their continued commitment to promote closer coordination and cooperation in the area of tax administration, the Heads of the Revenue of the BRICS Countries i.e. Brazil, Russia, India, China and South Africa, identified seven areas of tax policy and tax administration, for extending their mutual cooperation.

Relaxation in Completion of Information Technology Training (ITT) for students enrolled under Direct Entry Scheme on or after 1st October, 2012

January 21, 2013 1460 Views 0 comment Print

The Council at its 321st Meeting held in January, 2013 has relaxed the eligibility criteria, in order to mitigate the hardships being faced by the students registering under Direct Entry Scheme to Chartered Accountancy Course on or after 1st October, 2012, as under, so as to be eligible to appear in the Intermediate (Integrated Professional Competence) Examination to be held in November, 2013.

Gold – Customs Duty Enhanced

January 21, 2013 1255 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in

Gold – Excise Duty Enhanced

January 21, 2013 1799 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance

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