Whereas on the basis of information which has come to my knowledge, I am satisfied that registration of dealers mentioned in the Annexure needs to be cancelled with effect from 1st January, 2014 as they have filed return showing (NIL) Gross Turn Over for at least last one year which shows they have ceased to carry out any economic activity which would entitle them to be registered as a dealer under DVAT Act 2004.
For group companies to claim benefits or have their exports counted for benefits to be claimed by another member of group, the group company should have been in existence at least 2 years prior to date of application under any of export promotion schemes notified in FTP.
Notification No. 94/2013 – Income Tax S.O. 3693 (E).- In exercise of the powers conferred by sub-section (1) of section 80CCG of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:- 1. Short title, commencement and application. – (1) This Scheme may be called the Rajiv Gandhi Equity Savings Scheme, 2013. (2) It shall come into force on the date of its publication in the Official Gazette.
Several instances have come to the notice of the Board Where due to certain technical or other reasons (which inter-alia included wrong migration of PAN and delayed release of returns by the Centralized Processing Cell to the jurisdictional authorities), intimation in refund cases could not be sent to the concerned assessees within the time-frame
1. Pending Service Tax refunds/rebates for export of services – Issue: The prescribed procedure demands documents from other departments, particularly matching of FIRCs with export invoices by banks, on which the taxpayer does not have control.
The Supreme Court today held in the case of Manohar Lal Sharma Versus The Principal Secretary and Ors. that no approval from the Centre is required by CBI to prosecute senior bureaucrats in court-monitored corruption cases, strengthening the arms of the agency to go ahead against the officials without taking prior sanction from government.
The Central Bureau of Investigation has arrested a Joint Commissioner of Income Tax (IRS:2003 Batch), Bhubaneswar and an Income Tax Officer, Ward-1, Dhenkanal (Odisha) in a bribery case of Rs.Five Lakh.
Republic of India and Republic of Macedonia signed the new Agreement for the avoidance Of Double Taxation and the prevention of fiscal evasion (DTAA) with respect to taxes on income . The Salient features of this agreement are as under:
Having heard the rival submissions and perused the relevant material on record, there is no dispute in principle that the amount is otherwise disallowable on merits as has been accepted by the ld. AR in response to the second ground of the Revenue’s appeal.
Sub-Section 3 of Section 35R and Section 131BA provides that if an appeal has not been filed by the Department following Instructions issued for not filing appeal below the monetary limit, no person, being a party in appeal, shall contend that the Department has acquiesced in the decision on the disputed issue by not filing appeal.
