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Archive: December, 2016

Posts in December, 2016

Response to Common queries of CIT(Appeals) – reg.

December 19, 2016 6691 Views 0 comment Print

There is no functionality in the code of the CIT(A) to transfer the appeals on system after the same has been physically transferred

Registration of FIR is not necessary before arresting a person U/s. 104 of Customs Act

December 19, 2016 7315 Views 0 comment Print

It is apparent that the proceedings conducted by an officer of the Central Excise are vitally different from the investigation by a police officer. It is implicit that a person who is making a statement before a Central Excise Officer can be called upon to sign the statement. On a combined reading of Sections 13 and 14, it is clear that an officer of the Central Excise is not a mere police officer. He is different. He is even more. A substantive power to arrest has been conferred on him under Section 13. The proceedings conducted by him are judicial. The person who is interrogated is bound to state the truth.

Proposals for setting up of new SEZs and MHA clearance – Regarding.

December 19, 2016 2398 Views 0 comment Print

No. F.2/7/2016-SEZ Government of India Ministry of Commerce and Industry  Department of Commerce (SEZ Section) Udyog Bhawan, New Delhi Dated: 19th December, 2016 To The Development Commissioners Special Economic Zone Subject: Proposals for setting up of new SEZs and MHA clearance – Regarding. Sir/Madam, I am directed to say that National Security Clearance is required […]

CBT recommends 8.65% interest on EPF for the year 2016-17

December 19, 2016 1678 Views 0 comment Print

Central Board decided to recommend 8.65% interest to its subscribers for the year 2016-17. Roughly 17 crore subscribers’ accounts will be updated with this interest rate upon acceptance by the Government.

CBDT committee to suggest effective scrutiny assessment measures

December 19, 2016 3232 Views 9 comments Print

Constitution of Committee to give recommendations regarding how to make effective assessment through the use of departmental database/ e-system-reg.

Would Demonetisation eradicate Black Money & Corruption?

December 19, 2016 9574 Views 8 comments Print

PM Modi demonetised Rs. 1000/- & Rs. 500/- denomination currency notes with a view to eradicating Black money from our economy, end rampant corruption, contain the use of counterfeit & fake currency and to put a full stop on cash funding by our neighbour countries to the terrorist outfits. It is undisputed that the intention […]

“Garib” Kalyan Yojna, for “Kalyan” of Rich or Poor?

December 18, 2016 7084 Views 1 comment Print

Government has brought up with a scheme to convert 50:50% of the black money into white money which will be applicable from 17th December 2016, what is it? And what is the aim of this scheme?

Analysis of Pradhan Mantri Garib Kalyan Yojana Rules, 2016

December 18, 2016 10879 Views 0 comment Print

Article explains Major Amendments made in Income Tax post 8th Nov 2016 and Pradhan Mantri Garib Kalyan Yojana Rules, 2016-

Supreme Court clarifies Offer Period under SEBI regulations

December 18, 2016 4492 Views 0 comment Print

Supreme Court clarified on the term ‘offer period’ under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997

New process for Share capital reduction before NCLT

December 18, 2016 5812 Views 0 comment Print

In case of reduction of share capital, company cancels any paid-up share capital which is lost or is unrepresented by available assets or pays off excess paid-up share capital.

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