Daily Archive: Tuesday, April 26, 2016

Excisability of bagasse, aluminium/ zinc dross. Withdrawal of Circulars/Instruction in view of Supreme Court Judgment-CBEC Circular

Author: | Categories: Excise/Custom No comments
Circular No. 1027/15/2016-CX F. No. 96/115/2015- CX.1 Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) ********* New Delhi, dated the 25th April, 2016 To Principal Chief Commissioner /Chief Commissioner of Central Excise (All), Principal Chief Commissioner /Chief Commissioner of Central Excise and

 

CBEC Clarification-Disposal of Call Book cases which have been decided by Courts or Board has issued clarification

Author: | Categories: Excise/Custom No comments
Circular No. 1028/16/2016-CX F.No. 21/1/2016-CX.I Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 26th April, 2016 To All Principal Chief Commissioner I Chief Commissioners of Customs, Central Excise & Service Tax; All Director Generals of Customs, Central Excise &

 

ICAI-Amended MCA Accounting Standards applicable for accounting periods commencing on/after publication of notification in official Gazette.

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ICAI Announcement Applicability of Accounting Standards amended by MCA vide Notification dated March 30, 2016 1.   The Ministry of Corporate Affairs, Government of India, vide Notification No. G.S.R. 739(E), dated 7th December, 2006, notified Companies (Accounting Standards) Rules 2006, in the Official Gazette Rule 1, sub-rule (2), provided that the

 

SME IPO Listing-A New Opportunity for Private Company

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SME….!!! A New Opportunity for Private Company..! Article By Meetesh Shriroya In the Present era, the market is booming up so every Company want to take opportunity to earn more from the same market and want to get maximum benefits out of that, so what are the ways available

 

Deduction u/s 80-O computed applying average net profit margin for domestic income not considering fixed costs was distorted apportionment-Delhi High Court

Author: | Categories: High Courts, Income Tax, Judgments No comments
In its  latest judgment , Delhi High Court has held that deduction under Section 80-O of the Income tax Act, 1961 computed applying average profit margin for domestic income and not considering fixed costs was a distorted apportionment of net profit. Case Law Details: ITA 264/2002 ITA 415/2004 M/s Continental Carriers …… Appellant

 

CLB-It shall be deemed that after communication of the resignation to the company, one shall cease to be a director of the company

In a recent judgment CLB Kolkata bench has held that it shall be deemed that soon after the director communication to the company regarding his resignation , the said person shall cease to be a director of the company. Case Law Details: CP No. 186/2014 Petition under section 614 of the

 

Mobile phone Panic, emergency button Compulsory from 1st January, 2017 and GPS in new mobile/cell phone made compulsory from 01/01/2018

Author: | Categories: Mobile Phones No comments
From 1st January, 2017 panic or emergency button and from 01/01/2018 GPS in new mobile/cell phone made compulsory. Panic button in new mobile handset Ministry of Communications and Information Technology has issued a notification whereby with effect from 1st January, 2017 a panic or emergency button in new mobile/cell