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Archive: 08 May 2015

Posts in 08 May 2015

Notification No. 32/2015 – Customs, Dated- 8th May, 2015

May 8, 2015 3851 Views 0 comment Print

Notification No.32/2015 – Customs, Dated- 8th May, 2015 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended, in the manner specified in the corresponding entry in column (3) of the said Table, namely :-

Delay in appeal filing not maintainable without sufficient reasons of delay: HC

May 8, 2015 1675 Views 0 comment Print

Calcutta High Court held In the case of CIT vs. M/s Golden Corporation Services that it appears from the grounds of the appeal that appellant did not pursue the matter seriously. There is no allegation or any proof of the fact that the appellant was prevented by any cause far less sufficient

Notification No. 44/2015 – Income Tax Dated 8/5/2015

May 8, 2015 2686 Views 0 comment Print

Notification No. 44/2015 – Income Tax (INCOME-TAX) S.O. Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section(4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) thereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India vide number S.O. 50 (E), dated the 8thth January, 2008 subsequently amended vide Notification No. S.O. 1605 (E), dated 2nd July 2008 and vide Notification S.O. No. 1210 (E) dated 21.5.2010.

CBDT chief asks department to widen Tax base

May 8, 2015 1647 Views 0 comment Print

The number of existing income tax payers is low compared to the potential. The gap between the potential and the actual tax payers appears to be wider in the case of tier-II cities and towns. 2. Considering the priorities of the Government and the need to widen the tax base, a concerted and focused effort in mission mode is required. We have to strive for adding at least 25 lakhs new assesses per month during the current financial year.

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