Anti Dumping Duty on product from Korea RP – to remain in force till 9th June 2014
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 12 /2013-Customs (ADD) New Delhi, dated the 25th June, 2013 G.S.R. (E).- Whereas, the designated authority vide notification No. 15/30/2013-DGAD, dated the 6th June, 2013, published in Part I, Section 1… Read More
Tags: Dumping (pricing policy), Educational assessment, Gazette of India, Government of India, India, ministry of finance, New Delhi, Section 3
Transfer pricing provisions do not apply to investments in overseas share capital
CLR Editorial Notes: The assessee company M/s Vijay Electricals Ltd. is engaged in the business of manufacture and sale of distribution and power transformers and rural electrification projects on turn key basis. The assessee filed its return of income for the assessment year 2007-08 declaring a total income of Rs. 20 Crore. The scrutiny assessment was completed u/s… Read More
Tags: Appeal, Arm's length principle, CIT, Educational assessment, India, transfer pricing
Absorbed losses incurred before initial assessment year as per Sec. 80 IA(5), need not be set off
CLR Editorial Note: The assessee, in this case, set up a Wind Mill unit and had commenced operations on in the Assessment Year 2007-08. In the said year, the assessee suffered a loss of Rs. 3.5 crores on account of depreciation and the interest which was set-off against the other income. In Assessment Year (AY) 2008-09, the… Read More
Tags: CIT, Commonwealth Law Reports, Educational assessment, Finance Act, Full Case Document, Income tax, Mumbai
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