The Basel Committee on Banking Supervision (BCBS) under the aegis of the Bank for International Settlements has published, on its website, assessment reports on the implementation of the Basel risk-based capital framework and the Liquidity Coverage Ratio (LCR) for India as part of the ongoing Regulatory Consistency Assessment Program (RCAP) for its member jurisdictions. BCBS has thus far published assessment on 13 jurisdictions (including India).
Notification No. 46/2015 – Income Tax Dated- 17th June, 2015 Central Government hereby declares that any income arising to M/s Dassault Aviation S.A, having its office at S.A. at capital de 81 007 176 Euros RCS Paris B 712 042 456, by way of royalty or fees for technical services received in pursuance of the agreement vide General Contract No. Air HQ /96102/2/ASR-DA, on dated 29th July, 2011 entered into between M/s Dassault Aviation and Thales Systemes Aeroportes and the Government of India
NOTIFICATION NO. 62/2015-Cus (N.T.), Dated: June 17, 2015 In the Courier Imports and Exports (Clearance) Regulations, 1998 (hereinafter referred to as the said regulations), in regulation 2, in sub-regulation (2), in clause (e),- (a) for the sub-clause (iii), the following shall be substituted, namely:-
Respective court was of the view that section 68 has no application because the same had already been taken in income of the assessee so it no where remains undisclosed. Moreover the assessee has duly discharged its onus to prove the credit worthiness of the donor by giving the list of the same
Pr. CIT Vs. M/s G.K. Properties Private Limited (Andhra Pradesh High Court) The case of the appellant-Department, in brief, is that the assessee had purchased agricultural lands with a clear intention to trade in buying and selling of agricultural lands
