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NI Act: Order Imprisoning for Default to Pay Compensation Appealable

March 21, 2017 4689 Views 0 comment Print

The short question which falls for decision in this case is whether a judgment and order of conviction and sentence of imprisonment till the rising of the Court and an order of compensation imposed under Section 357(3) of the Code of Criminal Procedure with a direction to undergo imprisonment in default of payment of such compensation is appealable or not.

ITBA Rectification Module for Income Tax Penalty orders

March 21, 2017 4599 Views 0 comment Print

The functionality to rectify penalty orders passed in the System (Process flow from initiation of rectification to passing rectification order) is now available to the Users through the Rectification module of Income Tax Business Application (ITBA).

Income Tax Business Application- GPF Module in HMS

March 21, 2017 1152 Views 0 comment Print

General Provident Fund (GPF) is a scheme designed to benefit the employees. In CPT a small portion of the employee’s salary is deducted and deposited with the government GPF office and at the time of retirement it is paid as a lump sum to help the employee lead his life peacefully in spite of retirement and loss of monthly income.

Time Barring Scrutiny cases pending to be uploaded on AST System

March 21, 2017 1260 Views 0 comment Print

Time limit for uploading of manually passed orders on the AST system was extended by 60 days i.e. upto 01.03.2017. Even now it is seen that a large number of cases where Notice u/s 143(2) has been issued but Scrutiny order is yet to be uploaded in the AST system.

Income Tax Business Application: Training Management Module

March 21, 2017 11085 Views 0 comment Print

Training Management Module is part of the ITBA HRMS Application. It is being designed to support the full range of training activities associated with employee and the administrators involved in the training process

Notification No. 05/2017-Income Tax, Dated: 21.03.2017

March 21, 2017 2013 Views 0 comment Print

Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee

Amendments in Chapter 4 of Foreign Trade Policy 2015-20

March 21, 2017 4575 Views 0 comment Print

No Duty Free Import Authorisation shall be issued for an input where SION prescribes ‘Actual User’ condition and/or Appendix-4J prescribes pre import condition for such an input.

List of cases selected for verification for Monitoring of DEEC / Advance

March 21, 2017 1461 Views 0 comment Print

EEC Monitoring Cell would select cases, on random basis, out of the cases, where verification is not prescribed by DGFT. In the month of March, 2017, the DEEC Mon Cell Cell has received 213 EODC’s.

Vessels sharing agreements of liner shipping out of CCI Purview-Reg.

March 21, 2017 864 Views 0 comment Print

Central Govt exempts Vessels Sharing Agreements of Liner Shipping Industry from provisions of section 3 of Competition Act, 2012 for a period of three months WEF 21.03.2017

CENVAT credit on deposits insurance – Banks v/s Departments

March 20, 2017 11388 Views 1 comment Print

Banks are registered under service tax in the category of Banking and Financial Services. They collect and pay service tax on its various incomes such as commissions, bank charges, documentation charges, processing fees etc. levied on its customers.

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