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Archive: 27 July 2017

Posts in 27 July 2017

Assessee need not be intimated before attachment of his bank account

July 27, 2017 15591 Views 1 comment Print

In the present case there was no illegality committed by the Department in not issuing to the Assessee a notice under Section 226 (3) (iii) of the Act simultaneously with or prior to the notice issued to its bank under Section 226 (3) (i) of the Act for recovery of the tax demand from its account.

Addition cannot be made merely on the basis of a handwritten loose paper

July 27, 2017 2004 Views 0 comment Print

An addition cannot be made on the basis of a handwritten loose paper which does not indicate if it pertains to the assessee and if AO has not brought on record any forensic evidence to prove the handwriting of the assessee. An addition cannot be made on the basis of suspicion and guesswork and without bringing corroborative material on record

CBDT to Set up 6 new Aayakar Seva Kendra (ASK) during A.Y. 2017-18

July 27, 2017 1428 Views 0 comment Print

BDT has approved setting up of ASKs in your jurisdiction in the following two Income Tax office buildings/ locations:- (i) 3, GP(West), Kolkata (ii) Asansol

Allocation of quantity for export of preferential quota sugar to USA under TRQ quota

July 27, 2017 408 Views 0 comment Print

The quantity of raw sugar i.e. 8424 MTs (Eight thousand four hundred and twenty four metric tons) to be exported to USA under TRQ up to 30.09.2018 has been notified.

Modification of SION for export product Cashew Kernel

July 27, 2017 1323 Views 0 comment Print

In exercise of the powers conferred under Paragraph 1.03 of the Foreign Trade Policy, 2015-2020, the Director General of Foreign Trade hereby notifies the amendment in item No. 1 of the SION E 8, in the Handbook of Procedure Vol.11 as under:

Notification No. 68/2017-Customs dated: 27th July, 2017

July 27, 2017 5556 Views 0 comment Print

Seeks to amend Notification No. 96/2008-Customs dated 13th August 2008 to insert S. No. 35-Republic of Niger and S. No. 36 -Republic of Guinea in the Schedule to the notification. MINISTRY OF FINANCE (Department of Revenue) Notification No. 68/2017-Customs New Delhi, the 27th July, 2017 G.S.R. 962(E).—In exercise of the powers conferred by sub-section (1) […]

Permission for bringing goods meant for export by import/domestic freight containers-reg.

July 27, 2017 1098 Views 0 comment Print

Attention of all the importers, Exporters, Customs Brokers, and other stake holders is invited to the issue of Permission for bringing goods meant for export by import/domestic freight containers.

SEBI (International Financial Services Centres) Guidelines, 2015–Amendments

July 27, 2017 1911 Views 0 comment Print

In order to further streamline the operations at IFSC, based on the internal discussions and consultations held with the stakeholders, it has been decided to amend provisions of the aforesaid guidelines, which are as follows

DO Letter from Member regarding the withdrawal of appeals as per revised monetary limits and on the basis of Hon’ble Supreme Court.

July 27, 2017 930 Views 0 comment Print

It may be recalled that the Board is pursuing the withdrawal of appeals as per the revised monetary limits and on the basis of Hon’ble Supreme Courts decision on the identical matters in the High Courts & CESTAT.

Maharashtra Goods and Services Tax (Fourth Amendment) Rules, 2017

July 27, 2017 1578 Views 0 comment Print

Government of Maharashtra, hereby makes the following rules further to amend the Maharashtra Goods and Services Tax Rules, 2017, namely :—(1) These rules may be called the Maharashtra Goods and Services Tax (Fourth Amendment) Rules, 2017.

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