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Archive: 14 October 2015

Posts in 14 October 2015

Assessment U/s. 153A is Valid if Income been disclosed after Search and cannot be said to be without jurisdiction

October 14, 2015 535 Views 0 comment Print

The ld. Authorised Representative for assessee submitted that the Commissioner of Income Tax (Appeals) erred in not noting that the impugned assessment had been passed in the absence of proper and valid authorization.

Customs- Introduction of electronic messaging for issue of Delivery Order

October 14, 2015 775 Views 0 comment Print

Circular No. 24/2015- Customs Duty As part of Government’s initiatives for improving “Ease of Doing Business”, several facilitation measures are being taken by the Central Board of Excise & Customs. After consultation with stakeholders, it has emerged that introduction of electronic messaging for issue of Delivery Order instead of a paper based Delivery Order will result in considerable simplification in the Customs Clearance process, and can demonstrably reduce transaction costs and time taken in the clearance of Cargo.

Secretarial Standard- 1 On Meetings of The Board of Directors

October 14, 2015 2734 Views 0 comment Print

Secretarial Standard- 1 on Meetings of the Board of Directors prescribes a set of principles for convening and conducting Meetings of the Board of Directors and matters related thereto. This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board.

Can Generator Set be purchased against C Form by a Goods Manufacturer

October 14, 2015 17557 Views 2 comments Print

One of the very common question being raised by the manufacturers is whether generator set can be purchased against C form by them. The article covers the specific situation of manufacturers purchasing generator set against C form.

Be Kind: Love All

October 14, 2015 2039 Views 0 comment Print

In a world where we are hustling to make ends meet, everyone is busy fighting their own battles; there is a need, need for move Love. Hate begets more Hate. Only Love can outcast all those feelings of enmity. Love isn’t only being affectionate towards one person. Love is boundless and has an infinite meaning than we are aware of.

Notification No. 80/2015 – Income Tax Dated 14.10.2015

October 14, 2015 1637 Views 0 comment Print

Notification No. 80/2015 – Income Tax in column (5), for Any person responsible for deducting or collecting tax at source for the purposes of Chapter XVII B or XVIIBB located in the territorial area mentioned in column (4), read (a) Any person responsible for deducting or collecting tax at source for the purposes of Chapter XVII B or XVII BB located in the territorial area mentioned in column (4); (b) Any other person located

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