Factually, we find that the onus cast upon the assessee has been discharged by giving a cogent and reliable explanation. Therefore, if the department did not agree with the explanation, then the onus was on the department to prove that there was concealment of particulars of income or furnishing inaccurate particulars of income.
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)
Important Amendments made by Punjab Government in the Punjab Vat Act, 2005 By virtue of notification dated 15.11.2013
Service Tax Mumbai Commissionerate has organized an Helpdesk for the purpose of accepting the applications and resolving issues in connection with VCES 2013
Consultations between Cyprus and India on the Issue of Effective Exchange of Information and the Renegotiation of the DTA- 03/12/2013 Οn the 26th to the 28th of November 2013 in New Delhi, consultations held between Cyprus and India aimed at addressing the issues of (i) an effective exchange of information between Cyprus and India and
Shri Oscar Fernandes , the Union Minister Road Transport and Highways has said that Loss of life and limbs cannot be the cost of mobility. The minister strongly recommended that emerging nations should take road safety as an important political agenda and define a road map towards mitigating serious and fatal injuries occurring due to road crashes in this Decade of Action for Road Safety.
SEBI has taken a number of steps in the recent past to simplify the Account opening and KYC process in the securities markets. In continuation of the efforts in the same direction, it has now been decided in consultation with both the Depositories
In exercise of the powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2009-2014, the Central Government, with immediate effect, hereby makes the following amendments in Chapter 29 of Schedule 2 of ITC(HS) Classification of Export and Import Items.
Value added products of Red Sanders wood such as Chips, Powder, Extracts, Dyes, Musical Instruments, Parts of Musical Instruments, Furniture, Parts of various sizes of furniture (maximum cross section: sizes: 15 cm X 15 cm; Planks: 20 cm X 7.5 cm and maximum length 2.5 Mtrs), toys, dolls & other handicrafts made from Red Sanders wood procured from legal sources.
Such entity/entities or Government of Andhra Pradesh, as the case may be, shall be granted export authorization by the concerned Regional Authority of DGFT upon production of quantity allocation letter from Government of Andhra Pradesh.
