After Kerala HC Karnataka HC too stay the enforcement of notices U/s. 234E by TRACES. In this case Petitioners have questioned the constitutional validity of the provision of Section 234E of the income Tax Act and a notice to the petitioner levying fee vide annexure A1 to A21 and Annexure – B.
Full bench of the Gujarat Value Added Tax Tribunal in the case of ‘Kunal Structure (India) Pvt. Ltd. V/S The State Of Gujarat’ held that in view of provisions contained in Sec. 75 of the Gujarat Value Added Tax Act, 2003, penalty cannot be imposed for the first time in revision.
In pursuance of the provisions of paragraph 2.4 of FTP, the Director General of Foreign Trade (DGFT) hereby notifies the compilations known as HBP v1, HBP v2 and Schedule of DEPB rates. These compilations, as amended from time to time, shall remain in force until further orders, except DEPB scheme, which was in operation till 30th September, 2011.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 read with paragraph 1.3 of the Foreign Trade Policy (FTP) 2009-2014, as amended, the Central Government hereby makes an amendment in paragraph 1.2(a) of FTP 2009-2014(RE-2013) by substituting the phrase “shall remain in force upto 31st March, 2014 unless otherwise specified” by the phrase “shall remain in force until further orders.
Press Release – Feb 17, 2014 The interim Budget 2014-15 has been presented today, 17th Feb, 2014 by Sh. P. Chidambaram, Finance Minister. As per the Interim Budget speech of the Finance Minister, the economy has been stable since past two years. There has been a decline in the fiscal deficit, the current account deficit […]
1. The entire process of initiation, levy and order of penal proceedings to be duly recorded so that proceedings do not suffer from procedural infirmities. 2. The Ministry may ensure that concealment of income is penalized as per the Act.
ITD did not apply penalty as per provisions of the Act effectively. ITD has also not given adequate priority to the prosecution in tackling tax evasion and prosecution mechanism is not working effectively and efficiently.
Preface The Report of the Comptroller and Auditor General of India for the year ended March 2012 containing the results of the Performance Audit of Employees’ Provident Fund Organisation (EPFO) has been prepared for submission to the President of India under Article 151 of the Constitution.
Interactive Voice Response (IVR) for knowing the status of your PAN/ TAN application is now available at TIN call centre (TCC) in Hindi/English language. You may call on 020- 27218080 to check the status of your application.
CS R. Sridharan, President, ICSI welcomes the Interim Budget 2014-15, as it possesses most of the ingredients to inject vibrancy into the economy. It demonstrates strong commitment for financial inclusion and governance. ICSI President in particular expresses satisfaction over government’s intention for early implementation of FSLRC recommendations.
