The appellants are Export Oriented Unit (EOU). In 2003 they cleared the certain consignments of fabrics for purpose of export, which got damaged due to rain and had to be brought back to the factory.
Whereas, a Protocol amending the agreement between the Government of the Republic of India and the Government of the Republic of Belarus for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on property (Capital) of the 27th September, 1997 (hereinafter referred to as the said Protocol) as set out in the Annexure to this notification, was signed at Minsk, Belarus on the 3rd June, 2015;
Since common question of law and fact is involved in the above four writ petitions, they are being disposed of by this common order.
Short title, extent and commencement. – (I) These rules may be called the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members holding of meetings and provision for offices and officers) Rules, 2016. The Authority shall be established on such date as may be notified by the Central Government.
Central Government hereby appoints the 13th day of January, 2016 as the date on which the provisions of sub-section (5), sub-section (6) [except with respect to the manner of administration of the investor Education and Protection Fund] and sub-section (7) of section 125 of the said Act shall come into force.
Trade Notice No. 12/2015 By way of this Trade Notice, this information is shared with the entire Exporter/Importer community to elicit their cooperation in fulfilling the above objective. The entire Exporter/Importer community is requested to act in unison and not cooperate with any such improper activity and immediately bring it to the knowledge of senior officers including DGFT and the Vigilance apparatus. Relevant telephone nos, emails are given below. Trade Community is also requested to not encourage middlemen and touts who accentuate this problem and report them to the department so that they can be made persona non grata in the DGFT offices.
In the case of M/s. Cash Edge India (Pvt.) Ltd., vs. ITO Delhi Bench of ITAT have held that transfer pricing adjustment is not one of the adjustments contemplated under Explanation 1 Section 115JB(2) of the Act and, therefore, could not have been added back to the book profits under Section 115JB.
In the case of ITO Vs. M/S JAGDAMBA OPTICS PVT. LTD. Delhi Bench of ITAT have held that there was existence of correct information which prompted to the AO to proceed to issue notice u/s. 148 of and hence, the reassessment proceedings could not be declared as null and void.
Exchange Rate Notification with effect from 13th January, 2016 which seeks to amend Notification No. 02/2016-Cus (NT) dt. 07-01-2016 vide Notification No. 12/2016 – Customs (N.T.) Dated the 12th January, 2016
In case of PAN applications from non-individuals, Seal and/or Stamp is not required on PAN application Form 49A or 49AA or Form for Change or Correction.
