Notification No. S.O.1406-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Ind Bank Housing Limited, 178, Kodambakkam High Road, Nungambakkam, Madras, for the purpose of the said clause for the assessment years 1994-95, 1995-96 and 1996-97.
Notification No. S.O.1408-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Vidarbha Housing Development Finance Company Limited, 1st Floor, Amar Palace, West Central Road, Dhantoli, Nagpur-440 012, for the purpose of the said clause for the assessment years 1991-92 to 1994-95.
Notification No. S.O.1409-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Dewan Housing Development Finance Limited, Warden House, 2nd Floor, Sir P. M. Road, Fort, Bombay-400 023, as a company for the purpose of the said clause for the assessment years 1993-94 to 1995-96.
Notification No. S.O.1410-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves GLFL Housing Finance Limited, 1st Floor, Hasubhai Chambers, Opp. Town Hall, Ellis Bridge, Ahmedabad-380 006, for the purpose of the said clause for the assessment year 1994-95.
Notification No S.O.1405-IncomeTax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Credit Capital Venture Fund (India) Limited, 62, Basant Lok, Vasant Vihar, New Delhi-110 057, as a company for the purpose of the said clause for the assessment years 1995-96 and 1996-97.
Circular No. 37/37/94-CX It has been represented that manufacturer of leather goods like Jackets/Wallets/bags etc, are being asked to get the central excise registration by the Central Excise Collectorates even though their clearances for home consumption is well within the exemption limit. It is further stated that they are being directed to observe regular AR4/AR4 A procedure as their clearances for export has exceeded the limit of Rs. two crores as provided in the small scale exemption notification.
The details are mentioned on the refund orders/cheques along with the applicant’s name. This avoids the a possibility of the refund orders being stolen or being illegally misappropriated.
Cir. No. 36/36/94-CX.8 The Collector of Central Excise, Bombay-II has expressed certain doubts as to the accounting of scrap of metals and other materials arising during the course of manufacture of various excisable products, for the purpose of levy of excise duty consequent upon the changes brought about by Budget 1994-95. A copy of his letter is enclosed for ready reference.
The issue under consideration is whether the employee joined as a trainee is eligible for gratuity as per Payment of Gratuity Act, 1972?
Notification No. S.O.1234-Income Tax In exercise of the powers conferred by clause (viii) of sub-section (1) of section 36 of the Income-tax Act, 1961, the Central Government hereby approves Risk Capital and Technology Finance Corporation Ltd., Scope Complex Core-V, Lodi Road, Post Box No. 3901, New Delhi-110 003, as a company for the purpose of the said clause for the assessment years 1993-94, 1994-95 and 1995-96.
