"December, 2014" Archive - Page 2

SC on Nokia Composite Pack vs Battery Charger as an Accessory– an Analysis?

Advocate Anandaday Misshra Recently Honourable Supreme Court had dealt with VAT Appeal Nos 54 &55 (O&M) of 2010 passed by the High Court of Punjab and Hariyana . While disposing Civil Appeal Nos 11486-11487 of 2014 of State of Punjab & Ors Versus Nokia India Pvt. Ltd.,2014-TIOL-100-SC-VAT they held that ……we find that ...

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Procedure Of Increase In Authorised Share Capital & Private Placement

Point to Note- (1) An offer can be made under a Private Placement Offer Letter to not more than 200 people. (2)The application form has to be numbered and addressed specifically to the person to whom the offer is made along with the Offer Letter. Allotments can be made only to such persons (3) The […]...

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Notice issued in the name of amalgamated company is void

M/s Images Credit and Portfolio (P) Ltd. (amalgamated with Sainath Associates Pvt. Ltd.) Vs ACIT (ITAT Delhi)

Admittedly the assessment for the year under consideration has been completed on the basis of notice under Section 153C dt. 14.9.2010. Notice has been issued in the name of M/s Image Credit & Portfolio Ltd. That the Hon'ble Delhi High Court...

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Impact of CSR on Financial Performance of Company

Corporate Social Responsibility (CSR) is a concept that has attracted worldwide attention and acquired a new meaning in the global economy. Sharp interest in CSR in recent years has stemmed from the advent of globalization and international trade, which has reflected in increased business complexity and new demands for enhanced transparen...

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Notification No. 117/2014-Customs (N.T.), Dated: 31.12.2014

Notification No. 117/2014-Customs (N.T.) 31/12/2014

Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed...

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Legality of Recovery during pendency of appeal before CESTAT for reasons not attributable to Assessee

Fashion Suitings Pvt. Ltd. Vs. Superintendent of Central Excise & Service Tax

Fashion Suitings Private Limited (the Petitioner) received a Demand Notice dated October 8, 2013 for the payment of Service tax amounting to Rs 15,78,40,282/- with interest and penalty amounting to Rs. 17,08,00,086/- against the Order-in-Original dated October 26, 2012 during the pendency of Stay application before the Hon’ble Tribunal....

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Excise Duty Benefit withdrawn -Unjustified -Indian Automobile Industry

Withdrawal of the excise duty benefits for the automobile industry from 1st Jan-2015 is simply devastating for the Indian automobile industry as well as for the long term industry growth. I don’t understand what are the Indian government’s rationales behind formulation of sector specific policies which kills the growth of a particular...

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ICAI President's Message – January 2015

The Future Belongs to Us-Let’s Think Big - The reviving economy, fast-paced globalisation and expansion of various sectors are offering an ocean of professional opportunities for the CAs....

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Companies (Cost Records and Audit) Amendment Rules, 2014

Notification No. G.S.R. 01(E) 31/12/2014

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature (other than broadcasting services) and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997)...

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Permission for export of buffalo tallow

Notification No. 104 (RE-2013)/2009-2014 31/12/2014

In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014 (as amended from time to time), the Central Government, with immediate effect, hereby amends the entry at Sl. No. 91 & inserts a new entry at Sl. No. 91 A i...

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