"02 May 2017" Archive

Surprise checks on fuel stations to be conducted across country

All Petrol Stations in Uttar Pradesh to be re- assessed by a Team of State STF, W&M Department, Civil Supplies Department and OMCs says Petroleum Minister...

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Posted Under: Corporate Law |

DVAT: Withdrawal of Circular regarding disposal of refunds

Circular No. 03 of 2017-18 02/05/2017

Circular no. 06 of 2005 dated 15/06/2005 regarding the disposal of refunds stands withdrawn with immediate effect. This issues with the approval of the competent authority...

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ESIC: One IP- Two Dispensaries & Aadhaar Based Online Claim Submission

Minister of State (I/C) for Labour and Employment, Shri Bandaru Dattatreya launched two schemes One IP- Two Dispensaries and Aadhaar based Online Claim Submission on the occasion of International Labour Day today....

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Posted Under: Corporate Law |

No Enhancement of rate of bonus payable to Casual labourers

Notification No.S-33027/3/2016 -WB 02/05/2017

I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of Personnel & Training, New Delhi on the subject mentioned above and to inform you on receipt of your request through the Department of Personnel & Training, the case was referred to the Ministry of Finance, Depa...

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New procedure for import involving High Sea Sale at JNCH

Public Notice No. 58/2017-JNCH 02/05/2017

It has been decided to prescribe following new procedure as regards import involving High Sea Sale transactions: –i. Bill of Entry / Integrated declaration filed by the Customs Broker/Importer should contain correct and complete details of the “High Seas Sale Buyer & Seller” along with High Seas Sale Commission...

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At registration stage CIT not supposed to examine Nature of Activities

CIT (Exemption) Vs Yamuna Expressway Industrial Development Authority (Allahabad High Court)

CIT (E), while considering an application for registration under Section 12AA, is not supposed to examine whether applicant is entitled for certain exemptions under Section 11 or 12 or not since that is within the jurisdiction of Assessing Authority and not CIT (E)....

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CBEC Launches Prosecution Management Module

D. O. No. 296/236/2014-CX.9 (Pt. IV) 02/05/2017

Presently, Prosecution Management Module (PMM) is designed to capture prosecution data pertaining to Central Excise and Service Tax Soon, it would be expanded to include Customs also....

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Section 80HHC deduction not available on Sales Tax

M/s. K.H. Shoes Limited Vs The Assistant Commissioner of Income Tax (Madras High Court)

In K.H. Shoes Ltd v. ACIT, the division bench of the Madras High Court held that the Refund of Sales Tax received by the assessee is not deductible under section 80HHC of the Income Tax Act when such income has no direct nexus with his Export Business....

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Interest Income waived is not taxable or will not form part of income

M/s. Shivlaxmi Exports Ltd. Vs Commissioner of Income Tax (Calcutta High Court)

In Shiva Laxmi Exports Ltd Vs CIT, the division bench of the Calcutta High Court held that interest income could not said to have had accrued when the same was waived by the Company by passing a resolution. While deleting the addition made in respect of the said income, the bench clarified that such income is excludable from the levy of i...

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Contractual Workers eligible for benefits under Maternity Benefits Act

Smt. Archana Pandey Vs State of M.P and others (Madras High Court)

Maternity leave does not change with the nature of employment. It is concerned with human right of a women and the employer and the Courts are bound under the constitutional scheme guaranteeing right to life, a right to live with dignity and protect the health of both mother and child...

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