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Section 80HHC deduction not available on Sales Tax

May 2, 2017 1872 Views 0 comment Print

In K.H. Shoes Ltd v. ACIT, the division bench of the Madras High Court held that the Refund of Sales Tax received by the assessee is not deductible under section 80HHC of the Income Tax Act when such income has no direct nexus with his Export Business.

Contractual Workers eligible for benefits under Maternity Benefits Act

May 2, 2017 6408 Views 0 comment Print

Maternity leave does not change with the nature of employment. It is concerned with human right of a women and the employer and the Courts are bound under the constitutional scheme guaranteeing right to life, a right to live with dignity and protect the health of both mother and child

Export obligation under EPCG and Advance Authorisation Schemes reg.

May 2, 2017 7332 Views 0 comment Print

I am directed to invite your attention to para 2(d) of Circular No. 5/2010-Cus dated 16.03.2010 directing initiation of action to safeguard revenue in case of non-submission of Export Obligation Discharge Certificate within the time period stipulated in the relevant Customs notifications. These directions have been reiterated in para 7 (iii) of Instruction dated 18th January, 2011.

Mr. Anthony Lianzuala takes over as New CGA

May 2, 2017 2589 Views 0 comment Print

Government of India had appointed Mr. Anthony Lianzuala, as new Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance with effect from May 1, 2017

Man Seeks exchange of Seized old notes after discharge from case

May 1, 2017 3459 Views 0 comment Print

Abhishek Shukla, who was discharged by the trial court in 2013 IPL spot-fixing case in July 2015, has moved the Supreme Court seeking a direction to the Reserve Bank of India (RBI) to accept demonetised Rs. 500 and Rs. 1,000 currency notes with a face value of Rs. 5 lakh, which was seized by the special cell of Delhi Police during probe of the case.

Azaan, is Integral Part of Islam but Not the Loudspeakers: HC

May 1, 2017 2532 Views 0 comment Print

High Court held that that ‘Azaan’ is no doubt an essential part of the Muslim religion but the use of microphones is certainly not an integral part of ‘Azaan’

SC Guideline for Listing of urgent matters during Vacations

May 1, 2017 1203 Views 0 comment Print

It is hereby notified for the information of all concerned that the following norms/guidelines have been laid down for listing of urgent matters during the ensuing vacation viz. from 11.5.2017 to 2.7.2017 :

24 Hour Presence of Excise officers in cigarette factories is not mandatory

May 1, 2017 5256 Views 2 comments Print

Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock posting of Central Excise officers in the cigarette manufacturing units. In terms of para 10 of instructions dated 24.12.2008 issued vide F. No. 224/37/2005-CX.6, read with para 2.2 of Chapter 4 of the CBEC Manual, mandatory, round-the-clock presence of Central Excise officer in the factory has been prescribed to ensure that the goods are not removed without his authorisation and also exercise supervision and control over operations as per instructions contained in the Commodity Manual for cigarettes. In view of the limited number of officers posted in the range, problems are being faced to post officers in the cigarette manufacturing units round the clock, resulting in delays in production/ clearance of goods.

Centre to discuss with judiciary Bankruptcy Code: Arjun Ram Meghwal

April 30, 2017 1182 Views 0 comment Print

The Union Government will implement the Insolvency and Bankruptcy Code after considering all the legal aspects, inputs and hold discussions with the judicial authorities to ascertain their thoughts, Minister of State for Finance, Mr Arjun Ram Meghwal said at an ASSOCHAM event held in New Delhi today.

Himachal Pradesh Value Added Tax (Fifth Amendment) Rules, 2017

April 29, 2017 2214 Views 0 comment Print

In Rule 50 of the Himachal Pradesh Value Added Tax Rules 2005, in sub- rule (3) and in para No. 6 of the application Form L- 2 for the words twenty five, the word thirty, shall be constituted

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