Additional Principal Secretary to the Prime Minister appointed as whole time member of SEBI

SEBI/INDIAN ACTS & RULES : SEBI (Terms and Conditions of Service of Chairman and Members) Amendment Rules, 2015 – Amendment in Rule 3

No public offer required on increase in voting right due to forfeiture of shares: SEBI

SEBI/INDIAN ACTS & RULES : SEBI (Substantial Acquisition of Shares and Takeovers) (Fourth Amendment) Regulations, 2015 – Amendment in Regulation 10

'Ultratech' gets excise duty exemption on clinker captively consumed for manufacture of cement

Central Excise : Where assessee, a manufacturer of cement [final product], also manufactured clinker (intermediate product) and consumed same in same factory for manufacture of cement and during period 2004 to 2011 it cleared cement to SEZ units/developers without payment of duty, assessee was eligible for exemption from excise duty on clinker

Exp. incurred by solicitor on medical treatment of his eyes is personal expense; disallowable

IT: Expenditure incurred on medical treatment of eyes is personal in nature

Value of goods sold on credit basis to be reduced by interest on receivables if such interest was in

Excise & Customs : Where an assessee offers cash discount for immediate payment, it is clear that interest on receivables relating to credit period offered is also inbuilt into price and therefore, assessee is entitled to deduction in respect of interest on receivables inbuilt into price