Commissioner of Customs, Tuticorin Vs. Sterlite Industries India Ltd. & Others [2014-TIOL-1411-HC-MAD-CUS] In the instant case, the issue was whether demurrage charges and despatch money is required to be included in the assessable value of goods. The Hon’ble Tribunal relied upon a Larger Bench decision in Indian Oil Corporation Vs. CC, Calcutta [2000 (122) ELT […]
Provided that the jurisdiction of the Principal Commissioner or the Commissioner of Central Excise specified in Table-III(A) or Table-III(B) under whose jurisdiction there is an assessee who has obtained a centralised registration for more than one premises in terms of the notification issued under rule 9 of Central Excise Rules, 2002, shall also extend to the jurisdiction of such other Principal Commissioner or Commissioner of Central Excise specified in Table-III(A)
Notification No. 43/2014-Income Tax S.O. 2399(E).—In exercise of the powers conferred by Section 295 read with Section 32 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules may be called the Income-tax (8th Amendment) Rules, 2014.
Stock market regulator, Securities & Exchange Board of India (SEBI) issued a circular dated 15th September, 2014 to introduce certain amendments in revised clause 49 of listing agreement, effective from 1st October, 2014.The gist has been produced hereinbelow:-
The Finance Act (No.2), 2014 has been enacted on 06.08.2014. Section 35F of the Central Excise Act, 1944 and Section 129E of the Customs Act, 1962 have been substituted with new sections to prescribe mandatory pre-deposit as a percentage of the duty demanded where duty demanded is in dispute or where duty demanded and penalty levied are in dispute. Where penalty alone is in dispute, the pre-deposit shall be calculated on the penalty imposed.
Provided that the chairperson of the company (whether executive or non-executive) may be appointed as a member of the Nomination and Remuneration Committee but shall not chair such Committee.
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
Arjuna (Fictional Character): Krishna, the fortnight starting from9th September to 23rd September is called as ‘pitrupaksha’ or ‘shraddhapaksha’. In these days our ancestors are remembered and rituals and offerings are made on this occasion. Let’s discuss, what care should be taken by the heirs regarding ancestral property under Income Tax Act?
STRs constitute a strategically important source of information for Income Tax department. In the last few years the number of STRs has grown tremendously and is growing further. The department has not been able to investigate all STRs promptly.
CS Vasudev Savalgi Background At the outset, CSR activities at …………….(insert company name) is already in existence for the benefit of the employees and their immediate family members in the areas of extending loan to employees, participation at festivals and best worker award etc.
