Central Excise : Aluminium dross and skimmings and similar non-ferrous metal dross and skimmings which arise as a by-product in process of manufacture of aluminium/non-ferrous metal products are manufactured goods and hence excisable with effect from 10-5-2008 in view of explanation added to section 2(d)
Saturday 22 November 2014
No sec. 11 relief to a trust involved in newspaper publishing without verifying materials on record
IT: No sec. 11 relief to a trust involved in newspaper publishing without verifying materials on record by ITAT
CBDT reconstitutes DRP at various places consequent to change of designation of DRP members
IT/ILT : Section 144C of The Income-tax Act, 1961 - Dispute Resolution Panel (DRP) - Reference to - Constitution of DRPS at Delhi, Mumbai, Pune, Kolkata, Ahmedabad, Hyderabad, Bangalore and Chennai
ESI Corporation wasn't liable to service tax; CESTAT sets aside demand of Rs. 1945 crores
Service Tax : No service tax can be collected in respect of services provided by the Employees' State Insurance Corporation set up under the Employees State Insurance Act, 1948
No additions by AO on other grounds without making addition in respect of reasons given for escaped
IT : Where no additions were made in respect of reasons given for reopening of assessment, it was not open to Assessing Officer to independently assess some other income
Govt. exempts excise duty on Anti-Malarial drugs and other goods required for Intensified Malaria Co
EXCISE & CUSTOMS LAWS : Section 5A of The Central Excise Act, 1944 – Power to Grant Exemption from Duty of Excise – Exemption to Goods Required for The Intensified Malaria Control Project (IMCP)-II Under The National Vector Borne Disease Control Programme (NVBDCP), Funded by Global Fund to Fight AIDS, TB and Malaria (GFATM)
Penality had to be reduced to 25% if full duty was paid alongwith penalty/redemption fine before iss
Excise & Customs : Where assessee had made deposit for provisional release of seized goods and said amount exceeds full amount of duty along with penalty and redemption fine, penalty under section 11AC must be reduced to 25 per cent of duty
IRDA mandates submission of life insurance data to Insurance Information Bureau
INSURANCE : Submission of Life Insurance Data to IIB
Commission paid to directors for managing Co's affairs partakes character of salary; not liable to s
IT : Commission paid to directors for managing affairs of company partakes of character of salary and, therefore, provisions of section 194H are not applicable in respect of for such payment
CLB directs transfer of shares to petitioner as person to whom transfer was pending didn't object to
CL : Where shares were pending for transfer in name of a person due to some non-compliances on part and in meantime no objection was given by such person in favour of petitioner to get shares transferred in petitioner's name, impugned shares were to be transferred in name of petitioner
Subscribe to:
Posts (Atom)