Prachi Associate eMinds Legal Consulting
eMinds Legal Consulting Pvt. Ltd. is a Consulting Firm in India specialzing in Corporate Laws, Compliances, Secretarial, FEMA, Indirect Taxation, Cyber Laws & Contracts. The Firm comprises of a team of professionals of Company Secretaries, Lawyers and Chartered Accountants with an in-depth subject matter knowledge and participative industry experience of over 12 years.
Jurisdictional CIT should not be part of Dispute Resolution Panel to avoid likelihood of bias
Pursuant to s. 147 reopening and a draft assessment order u/s 144C, the assessee filed objections before the Dispute Resolution Panel (DRP). As the Director of Income Tax (International Taxation)-II (DIT-IT) who had granted approval to the reopening and had supervised the passing of the draft assessment order was a member of the DRP, the assessee… Read More
NOTIFICATION No. 38/2011- Income Tax
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th July, 2011 No. 38/2011- Income Tax S.O. 1608(E).- In exercise of the powers conferred by sub-section (1) and (2) of section 120 of the Income TaxAct, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the… Read More
Guidelines for Prior Permission under Section 281 to create a charge on the assets of Business
SECTION 281 OF THE INCOME-TAX ACT, 1961 - CERTAIN TRANSFERS TO BE VOID - GUIDELINES FOR PRIOR PERMISSION UNDER SECTION 281 TO CREATE A CHARGE ON THE ASSETS OF BUSINESS CIRCULAR NO. 4/2011 [F. NO. 402/69/2010-ITCC], DATED 19-7-2011 References have been received by the Board regarding issuance of guidelines for granting of prior permission u/s 281 of… Read More
Assessing officer reprimanded for harassing the assessee for levying penalty wrongly
ITO vs. Audyogik Tantra Shikshan (ITAT Pune) Brief Facts: In the appeal, Revenue has questioned action of the ld CIT(A) in deleting the penalty on Rs. 8,69,000/- levied u/s. 271(1)(c) of the Act by the A.O. The assessee in its Cross Objection, has objected the penalty levied by the A.O with this contention that the A.O has not recorded… Read More
Notification No. 65/2011-Customs- regarding Mega Power Project
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 21st July, 2011 Notification No. 65/2011-Customs G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby… Read More
Notification No. 35/2011- Central Excise- Reg. Ultra Mega Power Project
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 21st July, 2011 Notification No. 35/2011-Central Excise G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest… Read More
Customs Notification No. 48 / 2011 – Authority to levy Anti dumping duty
Government of India Ministry of Finance (Department of Revenue) Notification No. 48 / 2011-Customs (N.T.) New Delhi, the 20th July, 2011, G.S.R¦.(E) - In exercise of the powers conferred by sub-rule (1) of rule 3 of the Customs Tariff (Identification, Assessment And Collection Of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, and in supersession of the… Read More
Customs Notification No. 49 / 2011 – Authority for levy of CVD on subsidized ariticles
Government of India Ministry of Finance (Department of Revenue) Notification No. 49 / 2011-Customs (N.T.) New Delhi, the 20th July, 2011. G.S.R¦.(E) - In exercise of the powers conferred by sub-rule (1) of rule 3 of the Customs Tariff (Identification, Assessment And Collection Of Countervailing Duty On Subsidized Articles And For Determination Of Injury) Rules, 1995, and in supersession… Read More
Amendment to Article 243 D of the Constitution of India for enhancing reservation for women in Panchayats
The Cabinet approved the proposal for moving an official Amendment to the Constitution (One hundred and Tenth Amendment) Bill, 2009 for enhancing reservation for women in Panchayats at all tiers from 1/3rd to at least 50%. The Constitution (One hundred and Tenth Amendment) Bill, 2009 was introduced in the Lok Sabha on 26.11.2009. The official… Read More
Bill introduced to amend Sec 28 of Customs Act to validate with retrospective effect show cause notices by Preventive Wing
The Union Cabinet gave its approval for introducing a Legislative Amendment Bill to amend Section 28 of the Customs Act, 1962 (52 of 1962) to retrospectively recognize specified Customs officers as 'proper officers' for assessment of Customs duty thereby validating large number of Show Cause Notices involving substantial Customs revenue that are otherwise rendered invalid… Read More
Continuation of anti-dumping duty on import of ˜Saccharin™ from China – Customs
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, dated the 19th July, 2011 NOTIFICATION No.62 /2011-CUSTOMS G.S.R. (E). -Whereas, the designated authority vide notification No. 15/20/2010-DGAD, dated the 9th December, 2010, published in Part I, Section 1 of the Gazette of India, Extraordinary, dated the 9th December, 2010, has initiated review, in terms of sub-section (5) of… Read More
Customs Notification No. 63/2011: Amends Notification No.21/2002
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 63/2011-Customs New Delhi, dated the19th July, 2011 G.S.R. (E)- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest… Read More
Notification No. 64/2011 reg. exemption from Custom Duty – CBEC
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 19th July, 2011 NOTIFICATION No. 64/2011-CUSTOMS G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so… Read More
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