Notification No. 6/2014-Income Tax In exercise of thy powers conferred by clause (a) of sub-section (2) of section 80D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Contributory Health Service Scheme of the Department of Space for the purposes of the said clause for the assessment year 2014-15 and subsequent assessment years.
Notification No. 5/2014-Income Tax All the material and other information produced by the assessee before the Settlement Commission shall be sent to the Commissioner to enable him to furnish the report under sub-section (3) of section 245D.
ALLAHABAD High Court Rejects Revenue’s denial of Sec 80G(5) recognition on the ground that the assessee-trust did not commence one of the activities mentioned in object clause- The fact that the assessee was still to commence the activity of establishing a hospital for imparting medical treatment would not by itself result in the rejection of the claim for recognition.
Please find attached 8th Edition of the pdf book on Service Tax (incorporating changes upto 14th January 2014) . The book contains: – Amended legal provisions aongwith recent judicial precedences – Forewords by Shri V K Garg (Ex-Joint Secretary, TRU)
Vacancy Circular D.O.F. No.A-12026/6/2013-Ad.I Selection to the post of Income Tax Ombudsman is to be made for some locations which are likely to fall vacant during the period from 1st October, 2013 to 31st March, 2014.
The first issue is whether the declared transaction value can be rejected in all cases where the transaction value is lower than the manufacturing cost and profit . The Hon’ble Supreme Court has not ruled that transaction value can be rejected in all cases where the declared value is lower than the manufacturing cost and profit . At paragraph 66 in the FIAT judgment , the Hon’ble Court has declined to hold its earlier judgment in case of Collector of Central Excise
At the outset, I would like to wish you all the peace, health, happiness and prosperity in the New Year 2014. May the New Year bring more and more moments of happiness and satisfaction in everybody’s life! May the New Year be more rewarding to you and your loved ones both personally and professionally! May the […]
Applications from entities registered in / resident of Hong Kong and Macau, for establishment of Liaison/ Branch/ Project Offices or any other place of business by whatever name called shall require prior approval from Reserve Bank of India.
RBI will periodically assess the extent of use of various OTC derivative instruments and will introduce reporting for other derivative instruments as and when market participants start actively using these instruments. Going forward, the reporting of OTC derivative transactions will facilitate RBI’s conduct of surveillance of OTC derivative markets, financial stability assessments, micro-prudential supervision of banks and PDs, etc., apart from enhancing transparency of the OTC derivative markets in India.
