Disposal of seized-confiscated cigarettes of foreign origin. Guidelines for disposing of illicitly imported cigarettes Circular No. 09/2017 – Customs F.No. 711/07/2003-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) *** New Delhi, dated the 29th March, 2017 To …
Export of carpet under duty drawback-examination of carpets for composition, price determination, etc Circular No. 10/2017-Cus F. No. 609/24/2017-DBK Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Drawback Division New Delhi, dated the 30th March, 2017 To All Principal Chief Commissioners …
Clause by clause analysis of GST Bills 2017 by the Institute of Cost Accountants of India (ICMAI) The Institute of Cost Accountants of India (ICMAI) has issued a clause by clause analysis of the following Bills: CGST Bill 2017, UTGST Bill 2017, IGST Bill 2017 and Presentation on …
Scholarship payment is charitable expenditure when candidate was selected by a process selecting most deserving one which was not related to members of the Society – Allahabad High Court ABCAUS Case Law Citation: ABCAUS 1192 (2017) (03) HC The Substantial Question of Law raised: Whether on the facts …
Addition for share application money not warranted if AO not disputed correctness of evidences furnished or not made any adverse comments – ITAT ABCAUS Case Law Citation: ABCAUS 1191 (2017) (03) ITAT The Grievance: The appellant assessee company was aggrieved by the order passed by the CIT(A) inter …
Reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation allowable under Income tax Act – ITAT In a recent judgment, ITAT Delhi has held that reduction of loan waived from fixed assets actual cost-wdv u/s 43(6)(c) not required for calculating depreciation …
