"12 May 2014" Archive

Notification No. 10/2014-Customs Dated: 12/05/2014

Notification No. 10/2014-Customs (12/05/2014)

Any dispute between the Contracting Parties concerning the interpretation or application of the present Agreement shall be settled by negotiation between them....

Read More

Notification No. 40/2014-Customs (N.T.) Dated: 12/05/2014

Notification No. 40/2014-Customs (N.T.) (12/05/2014)

The Contracting Parties shall meet as and when necessary in order to consider the operation of the present Agreement and in particular in order to consider measures to secure uniformity in the interpretation and application of the present Agreement....

Read More

Penalty U/s. 271B by ITO exceeding Rs. 10,000 in absence of prior approval of Joint Commissioner not valid

Sagar Dutta Vs Commissioner of Income-tax, Kolkata & Anr. (Calcutta High Court)

Learned Counsel for the Assessee submitted that the order imposing penalty does not disclose that prior approval of the Joint Commissioner was obtained in either of the two cases. He drew our attention to a judgment of this Court in the case of AWT No. 4 of 2003 and AWT No. 5 of 2003...

Read More

Appeal once filed cannot be withdrawn

M/S Yogendra Prasad Santosh Kumar Vs Commissioner Of Income Tax (Allahabad High Court)

There is no provision in the Income Tax Act, 1961 which permits withdrawal of an appeal, once it is filed, and registered. In other words, once right of appeal is exhausted, by party concerned, and the appeal is filed before appropriate Appellate Authority, who after receiving same has registered it, I find no provision in the statute per...

Read More

Automatic Exchange of Information in Tax matters between 46 OECD countries

46 Countries under the auspices of OECD adopts a Declaration regarding Automatic Exchange of Information in Tax matters Statement by the Union Finance Minister. May 12, 2014 On May 6, 2014, 46 countries, including India, besides the European Union, meeting under the auspices of the OECD, adopted a Declaration on Automatic Exchange of Info...

Read More
Posted Under: Custom Duty |

AO to provide details of persons attended Scrutiny Assessment by virtue of power of Attorney

In his appeal, the appellant requested for information regarding the Information and name and address of persons other than advocates who are pleading and acting before the A.O. by virtue of power of Attorney in scrutiny proceedings for AN 2011-12 ....

Read More
Posted Under: Custom Duty |

Download Format of MOA and AOA as per Companies Act, 2013

Download MOA & AOA in PDF Format Under the Companies Act,2013. Download AOA in word Format Under the Companies Act,2013. Download MOA in word Format Under the Companies Act,2013 ...

Read More

Amendment made by Companies Act, 2013 are under Consideration – MCA TO Delhi HC

Mr. Harish Khurana Vs MCA & Another (Delhi High Court)

In an Writ Petition filed by Mr. Harish Khurana before Delhi High Court against the Various amendment made by Companies Act,2013, Ministry of Corporate Affairs has submitted before the Honorable Delhi High Court that several representations made by the petitioner and other similarly ...

Read More

Regarding anti-dumping duty on import of Cold Rolled Flat Products of Stainless Steel

Notification No. 20/2014-Customs (ADD) (12/05/2014)

Whereas, the designated authority vide notification number 15/04/2014-DGAD, dated the 17th April, 2014, published in Gazette of India, Extraordinary...

Read More

Minors above 10 Years age allowed to Operate Bank Account independently

RBI/2013-14/586 UBD.BPD.(PCB).Cir.No 61/13.01.000/2013-14 (12/05/2014)

On attaining majority, the erstwhile minor should confirm the balance in his/her account and if the account is operated by the natural guardian / legal guardian, fresh operating instructions and specimen signature of erstwhile minor should be obtained and kept on record for all operational purposes....

Read More