Notification No. 56/2015-Customs (ADD)- Seeks to levy definitive anti-dumping duty on Phthalic Anhydride, originating in, or exported from Japan and Russia for a period of five year
Notification No. 55/2015-Customs (ADD) Seeks to levy definitive anti-dumping duty on Melamine Tableware and Kitchenware products originating in, or exported from the Peoples Republic of China, Thailand and Vietnam for a period of five year.
Circular No. 30/2015-Customs duty DRI has pointed out difficulty being faced in implementing guidelines and accordingly has suggested suitable amendments. The matter has been examined in Board. Accordingly, it has been decided that the following cases investigated by DRI shall be assigned to Additional Director General (Adjudication), DRI:
FOR THE ATTENTION OF THE MEMBERS Auditing and Assurance Standards Board issues Exposure Drafts of New/Revised Standards on Auditing for Comments The Auditing and Assurance Standards Board of the ICAI is issuing the Exposure Drafts of following new/revised Standards on Auditing (SAs) for comments.
REPORT OF SUB-COMMITTEE-II ON MODEL GST LAW Empowered Committee of State Finance Ministers September, 2015 GOODS AND SERVICES TAX ACT, 2016 Government Has Released Model Draft of Proposed GST Act, 2016 and it Contains the following topics- PART – I
G.S.R. 927(E).—In exercise of the powers conferred by section 13 of the Mines and Minerals (Development and Regulation) Act, 1957 (67 of 1957), the Central Government hereby makes the following rules, namely:- 1. Short title and commencement.– (1) These rules may be called the Mineral (Mining by Government Company) Rules, 2015.
Provisions requiring prior approval before termination of service of an employee under Act of 1978 and Rules made thereunder are not applicable to minority Institution established under Article 30(1) of the Constitution of India.
Notification No. 136/2015 – Customs (N.T.) Central Board of Excise & Customs (CBEC) hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 4th December, 2015, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.
Chopra Properties Vs ACIT (ITAT Delhi) AO was of the view that according to provisions of Section 44AB assessee is required to get his accounts audited before specified date and not on the specified date. Therefore, as assessee has obtained this tax audit report on 30th September 2008 and not before 30th September, 2008, therefore, levied penalty of Rs. 1,00,000/- u/s 271B of the IT Act.
In case of CIT vs. Lemon Tree Hotels Ltd Following the Madras High Court in CIT-III Chennai v. PVP Ventures Ltd. (TC(A) No. 1023 of 2005) it was held by Delhi High Court that ESOP could be debited to the profit and loss account of the Assessee.
