Central Excise : Calcined China Clay, which is also known as Kaolin Clay, is classifiable under Heading 2505.10 'Kaolin clays, whether or not calcined' and not under heading 3824.90 "Other products of chemical or allied industries"
Thursday, 22 October 2015
RBI issues directions to banks on 'Gold Monetisation Scheme, 2015
BANKING/INDIAN ACTS & RULES : Gold Monetization Scheme, 2015
CBDT changes conditions for claiming tax exemption by Infra Debt Fund
IT/ILT/INDIAN ACTS & RULES : Income-Tax (Seventeenth Amendment) Rules, 2015 – Amendment in Rule 2F
Complaint for cheque bouncing couldn't be quashed after conclusion of evidences before Trial Court
Negotiable Instruments Act: Where in a complaint under section 138 evidence had already been concluded before trial Court and there was specific averment in complaint that on representation of petitioner and other co-accused MOU was signed, mere fact that cheque issued by accused and MOU signed by accused did not bear signature of petitioner made out no case for quashing of complaint and summoning order against petitioner
Govt. provides service-tax exemption on Jan Dhan Yojna and Yoga
ST : Section 66B of the Finance Act, 1994 - Charge of Service Tax on or after Finance Act, 2012 - Mega Exemption Notifications – Amendment in Notification No.25/2012-STs, Dated 20-6-2012
Complaint for cheque bouncing couldn't be quashed after conclusion of evidences before Trail Court
Negotiable Instruments Act: Where in a complaint under section 138 evidence had already been concluded before trial Court and there was specific averment in complaint that on representation of petitioner and other co-accused MOU was signed, mere fact that cheque issued by accused and MOU signed by accused did not bear signature of petitioner made out no case for quashing of complaint and summoning order against petitioner
Interim award received in pursuance of order of HC couldn't be taxed until final decision of HC was
IT : Interim award received by assessee pursuant to order of High Court is not liable to tax in year of receipt but in year when final award is passed by High Court
Manufacturer of tractor isn't comparable with manufacturer of harvester combine
IT/ILT : A manufacturer of tractor cannot be considered as comparable with manufacturer of harvester combine, simply because both machines fall in overall category of 'Agricultural equipments'
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