Notification No. S.O.237(E)-Income Tax In exercise of the powers conferred by clause (iii) of sub-section (2) of section 194K of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following scheme of the Canbank Mutual Fund as the scheme having regard to the plan of payment of income to the unitholders for the purpose of the said clause
Notification No. S.O.229(E)-Income Tax In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of the Government of India, Central Board of Direct Taxes No. S. O. 359(E), dated 30th March, 1988
Circular No. 185/19/96-CX Representation have been received from 100% EOUs seeking premature debonding and converting to Domestic Tariff Area Units regarding availment of Credit on countervailing duty paid by them at the time of debonding.
Notification No. S.O.204(E)-Income Tax In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 16.25 per cent. (Taxable) Secured Redeemable Non-convertible Bonds bearing distinctive numbers from C-1160001 to C-2500000 of Rs. 1,000 each aggregating to an amount of rupees one hundred thirty-four crores only
Notification No. S.O.205(E)-Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10.5 per cent. per annum (Tax-free) Secured Redeemable Non-convertible NHPC Bonds (I-Series) bearing distinctive numbers 601 to 91514600 of Rs. 1,000 each aggregating to an amount
In this case the assessee was denied exemption on the investments made with Delhi Development Authority. However, relief was granted by the Hon’ble High Court. It was held that section 54 of the Act of 1961 only says that within two years, the assessee should have constructed the house
The Ministry had been receiving various representation from trade circles and export promotion councils complaining about serious delays in logging of the DEEC books. The matter has been considered by the Board and it has been decided that for the purpose of logging of DEEC book, in addition to the original DEEC book and the original licence, only the following documents may be necessary
Circular No. 186/20/96-CX Parawise comments on the CEGAT Orders (adverse to the interest of revenue) are required to be sent within 7 days of receipt of the CEGAT order in the Commissionerates. However, it is being observed that parawise comments are often being sent to the Board after the expiry of the appeal period and are not in the prescribed format. Consequently a large number of appeals are being filed/ application of condonation of delay.
Circular No. 184/18/96-CX I am directed to invite your attention to notification No. 40/95-CE dated 16.3.95 which provides for exemption to woven fabrics of cotton when subjected to certain specified processes. The notification also provides that “calendering” shall include processing of cotton fabrics with the aid of zero-zero machine without a stenter attachment.
I am directed to invite reference to the circular letter of even No. dated 27th October, 1994 on the above mentioned subject, wherein it was clarified that scrap is a semi-finished item and the facility of sub-contracting by 100% EOU / EPZ Units for recycling of scrap into
