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Archive: 29 March 2017

Posts in 29 March 2017

Exposure Draft of changes proposed in Ind AS 40, Investment Property

March 29, 2017 570 Views 0 comment Print

Following is Exposure Draft of changes proposed in Ind AS 40, Investment Property, issued by the Accounting Standards Board of ICAI, for comments.

Appointment of ACIT to officiate as DCIT (Senior Time Scale)

March 29, 2017 1035 Views 0 comment Print

No. 05 (F. No. A-23012/412017-Ad.V1): The following Assistant Commissioners of Income Tax (Junior Scale) are, hereby, appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in the Pay Scale of Rs. 15,600-39,000/- (Plus Grade Pay of Rs. 6,600/- in pay Band-3) (Pre-revised) with effect from 01.04.2017 or the date of assumption of charge. whichever is later

Appointment of IRS officers in ACIT Grade in substantive capacity

March 29, 2017 1065 Views 0 comment Print

No. 04 (F. No. A-23012/312017-Ad.VI): The President is pleased to appoint the following IRS officers in the grade of Assistant Commissioner of Income Tax (Junior Scale) in the Pay scale of Rs. 15,600 – 39,000/- (Plus Grade pay of Rs. 5,400/- in Pay Band-3) (Pre-revised) in a substantive capacity in the grade with effect from the date(s) indicated against each of them

Regularization of promotions of officers in CIT Grade for year 2015-16

March 29, 2017 870 Views 0 comment Print

With the approval of the Competent Authority, promotions of the following officers in the grade of Chief Commissioner of Income Tax (HAG+ pay scale of Rs. 75,500 — 80,000/-) (pre-revised) for the panel year 2015-16 are, hereby, regularized with effect from date(s) indicated against each of them until further order

Disposal of seized/confiscated cigarettes of foreign origin

March 29, 2017 4635 Views 0 comment Print

i. The cigarette packets shall have, inter alia, specified health warning to cover 85% of the principal display area of the package; 60% shall cover pictorial warning and 25% shall cover textual health warning;

All banking payment systems to remain closed on April 1, 2017

March 29, 2017 1335 Views 0 comment Print

All payment systems, including RTGS and NEFT would operate, as on a normal working day, during the period March 25 to April 1, 2017 (including Saturday, Sunday and all holidays).

Civil Procedure code do not stricto sensu apply to industrial adjudication

March 29, 2017 6636 Views 0 comment Print

Provisions of the Code Code of Civil Procedure do not stricto sensu apply to industrial adjudication, even under the Code, after the Amendment Act, 1976, the normal rule is to decide all the issues together in a civil suit.

Prospects of Foreign Law Firms and Lawyers in India

March 29, 2017 1680 Views 0 comment Print

In recent years, fast transformation has been experienced in every field, whether it is social or economic. With the opening of new vistas, the world is increasingly shrinking. Countries are becoming more and more inter-dependent.

Penal Law related to Hate Speech in India

March 29, 2017 1941 Views 0 comment Print

It is difficult to define hate speech as any ambiguity in a definition may allow intrusion into freedom of speech and expression. The erstwhile section 66A of the Information Technology Act, 2002 which was struck down in Shreya Singhal113 is an example wherein the vagueness of the legal provision led to misuse of the law.

Employees’ Provident Funds (Seventh Amendment) Amendment Scheme, 2017

March 29, 2017 2619 Views 0 comment Print

1. (1) This Scheme may be called the Employees’ Provident Funds (Seventh Amendment) Amendment Scheme, 2017. (2) It shall come into force on the day of April, 2017.

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