Notification No. 42/2021-Customs– Seeks to amend the notification No. 50/2021-Customs dated 30.06.2017 and notification No. dated 11/2021 dated 01.02.2021 in order to reduce and rationalise the import duties on Palm, Sunflower and Soya-bean oils . MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 10th September,2021 Notification No. 42/2021-Customs G.S.R. 624(E).—In exercise of the powers conferred by […]
Case No. AD (NSR)-01/2021(New Shipper Review) Initiation of New Shipper Review under Rule 22 of the Anti- Dumping Rules for determination of the individual dumping margin for M/s. Al-Razi Chemical Complex Limited (Producer-cum-Exporter) in the matter of anti-dumping duty imposed on the imports of “Hydrogen Peroxide” originating in or exported from Bangladesh.
Case No. AD (OI) – 13/2021 Initiation of anti-dumping investigation concerning imports of Stainless-Steel Seamless Tubes & Pipes originating in or exported from China PR.
Case No. AD (SSR)-24/2021] Initiation of Sunset Review of anti-dumping duty imposed on imports of Amoxycillin/Amoxycillin Trihydrate, originating in or exported from China PR.
Central Government hereby specifies that, Air India Limited (PAN: AACCN6194P) shall not be considered as ‘seller’ for the purposes of sub-section (1H) of section 206C of the said Act in relation to transfer of goods by it to Air India Assets Holding Limited (PAN: AAQCA4703M) under a plan approved by the Central Government. MINISTRY OF […]
Central Government hereby specifies that no TDS shall be deducted under section 194Q in case of transfer of goods by Air India Limited to Air India Assets Holding Limited under a plan approved by the Central Government. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 107/2021-Income Tax | […]
Central Government hereby specifies that no TDS shall be deducted under section 194-IA of Income Tax Act on any payment made to the Air India Limited for transfer of immovable property to Air India Assets Holding Limited under a plan approved by the Central Government. Notification No. 106/2021-Income Tax | Dated: 10th September, 2021 MINISTRY […]
Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide that in case of an amalgamation of a public sector company (PSU) which ceases to be a PSU (erstwhile public sector company), as part of strategic disinvestment, with one or more company or companies, then, subject to the conditions laid therein, the accumulated loss and the unabsorbed depreciation of the amalgamating company shall be deemed to be the loss, or as the case may be, allowance for unabsorbed depreciation of the amalgamated company for the previous year in which the amalgamation was effected.
Transfer of capital asset under plan approved by Central Government from Air India Limited being transferor public sector company, to Air India Assets Holding Limited being transferee public sector company will not be regarded as transfer as per clause (viiaf) of the section 47 of the Income-tax Act, 1961. Notification No. 104/2021-Income Tax | Dated: […]
Vide Notification No. 103/2021-Income Tax | Dated: 10th September, 2021 CBDT notifies Tax Exemption to ‘District Mineral Foundation Trust’ . MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 103/2021-Income Tax | Dated: 10th September, 2021 S.O. 3659(E).—In exercise of the powers conferred by clause (46) of section 10 […]
