"January, 2019" Archive - Page 40

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils etc

Notification No. 04/2019-Customs (N.T.) [S.O. 302(E)] 15/01/2019

Tariff Notification No. 04/2019-CUSTOMS (N.T.) dated 15th January, 2019 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver....

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Notification No. 03/2019-Customs (ADD), Dated: 15.01.2019

Notification No. 03/2019-Customs (ADD) [G.S.R. 32(E)] 15/01/2019

Seeks to further amend notification No. 1/2017-Customs(ADD) dated 5th January, 2017 to prescribe ADD on exports from Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation on the basis of final findings of the Designated Authority in this regard. Government of India Ministry of Finance (Department of Re...

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Notification No. 02/2019-Customs (ADD), Dated: 15.01.2018

Notification No. 02/2019-Customs (ADD) [G.S.R. 31(E)] 15/01/2019

seeks to rescind notification Nos.30/2018 – Customs(ADD) and 31/2018 – Customs (ADD) both dated 30.05.2018 that provided for provisional assessment of jute goods exported from Bangladesh or Nepal by M/s Janata Jute Mills Ltd., M/s. Aman Jute Fibrous Ltd. (Producer) and M/s IB Jute Corporation (Exporter/ Trader) till the final ...

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Amendment in policy condition of Nicotinic Acid & Nicotinamide

Notification No. 55/2015-2020-DGFT 15/01/2019

Till now, import of Nicotinic Acid & Nicotinamide (Niacinamide/ niacin) was 'Free' subject to No Objection Certificate (NOC) from Narcotics Commissioner, Gwalior, before import of the item. For import of Nicotinic Acid & Nicotinamide (Niacinamide/ niacin, this Policy Condition is being removed with immediate effect....

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FTP: Govt incorporates a list of 207 items as Technical Textiles

Notification No. 54/2015-2020-DGFT 15/01/2019

Central Government, hereby incorporates a list of 207 items as Technical Textiles vide Appendix - V of ITC (HS) 2017,Schedule-I (Import Policy)....

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AO cannot reopen solely based on info received from DIT (Investigation)

PCIT Vs M/s. Shodiman Investments Pvt. Ltd. (Bombay High Court)

PCIT Vs M/s. Shodiman Investments Pvt. Ltd. (Bombay High Court) In this case Assessing Officer has not applied his mind to the information received by him from the DDIT (Inv.). The Assessing Officer has merely issued a re­opening notice on the basis of intimation regarding re­opening notice from the DDIT (Inv.) This is clearly in [&hell...

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Exercising of powers & performing of functions by officers in CCITs grade

F. No. 187/01/2019-ITA-1 15/01/2019

Order u/s 120 (1) of the Income Tax Act, 1961 – Exercising of powers and performing of functions by the officers in the grade of CCITs – reg. F. No. 187/01/2019-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ITA-I Division North Block, New Delhi, Dated the 15th January, 2019 ...

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Demystifying Capital Gain Tax on Conversion of a Company into Limited Liability Partnership (LLP)’

The Income-tax Act, 1961 provides for specific exemption from capital gains on conversion of a company into Limited Liability Partnership. Limited Liability Partnership (LLP) is a hybrid entity combining advantages of both company and partnership firm. ...

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Posted Under: Custom Duty |

Withdraw Low Tax Effect Appeals as per Circular No. 3/2018: CBDT

D.O.No.279/misc./M-73/2018-ITJ GOVERNMENT OF INDIA 15/01/2019

Vide Board’s D.O. dated 16.07.2018 and various letters subsequently, the status of withdrawal of appeals from ITAT and HC in pursuance to the Circular was ascertained from each CCA region. ...

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Director remuneration cannot be disallowed merely for loss Shown by Assessee

Bombay Samachar Pvt. Ltd. Vs DCIT (ITAT Mumbai)

The Bombay Samachar Pvt. Ltd. Case: Where Disallowance Of Remuneration To Directors Is Because Of Loss Shown By The Assessee The Remuneration Cannot Be Disallowed...

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