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Archive: 12 August 2015

Posts in 12 August 2015

Anti-dumping duty on imports of Flax or Linen Fabric

August 12, 2015 2020 Views 0 comment Print

NOTIFICATION NO. 39/2015-Cus.,(ADD), Dated- 12th August, 2015 Seeks to levy definitive anti-dumping duty on imports of Flax or Linen Fabric having flax content of more than 50% , originating in or exported from the People’s Republic of China and Hong Kong for a period of five years.

Govt increase BCD on certain iron and steel products

August 12, 2015 3908 Views 0 comment Print

NOTIFICATION NO. 45/2015-Customs, Dated: August 12, 2015 (i) for serial number 329A and the entries relating thereto, the following serial number and the entries shall be substituted, namely:-

Revenue cannot be aggregated for determining ALP of software development services for two different sectors

August 12, 2015 678 Views 0 comment Print

ITAT Hyderabad held In the case of M/s. OSI Systems Pvt. Ltd. vs. DCIT that it may be a fact that software development services is a very wide term and takes within its ambit, whole software development services.

Strengthening National Accounting Firms is the Need of Hour

August 12, 2015 1948 Views 0 comment Print

15th August is approaching fast and feelings of patriotism shall be at its peak among us. Patriotism is the great and a selfless passion of love for one’s country. To an Indian patriot his mother and motherland are superior even to heaven. An Indian Patriot has been ever ready to lay down his life in the service of his country, India.

Voluntarily surrender of income can’t escape penalty if assessee deliberately not shown unaccounted income in return

August 12, 2015 2131 Views 0 comment Print

In the case of DCIT Vs. M/s Sunrise Stock Services P.Ltd. Chandigarh bench of ITAT reversed the order of CIT (A) who deleted the penalty made on estimation basis. It was allegation of AO that assessee voluntarily surrendered the addition and statement of the director was recorded.

Pollution and Its Effects

August 12, 2015 312 Views 0 comment Print

Any contamination of the resources, natural or artificial, can be called as pollution. There were no such issues in the ancient times when the man was content with what he had, and he relied on the natural resources. With the advent of technology and owing to the population growth and civilization

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