Corporate Law Reporter - The Daily Journal

Delhi VAT Circular Regarding Framing of Default Assessment Orders

GOVERNMENT OF NCT OF DELHI TRADE & TAXES DEAPRTMENT(POLICY BRANCH) VYAPAR BHAWAN, NEW DELHI-110002 No.F.7(433)Policy-II/VAT/2012-13/1182-89 Date: 31.01.2013 CIRCULAR No. 29 OF 2012-13 Sub: Framing of Default Assessment Orders Attention of all the Assessing Authorities (AAs) is drawn to the Circular No.23 of 2012-13 dated 03.12.2012 on the subject note above. The last date for default… Read More

Corrections/Amendments in Handbook of Procedures Volume I (Appendices and Aayat Niryat Forms) of the Foreign Trade Policy

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-1 SECTION-1 GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE Public Notice No. 46 (RE2012)/2009-14 DATED: 31ST January, 2013 Subject: Corrections/Amendments in Handbook of Procedures Volume I. In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the… Read More

DGFT Clarification of Declaration of Intent for claiming Chapter 3 benefits of Foreign Trade Policy

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi. Policy Circular No. 13 (RE-2012)/2009-14 Dated: 31st January, 2013 To All Customs Authorities All Regional Authorities, Trade Associations. Subject:- Declaration of Intent for claiming Chapter 3 benefits of Foreign Trade Policy regarding. Declaration of… Read More

DGFT Clarification on availability of Deemed Export Benefits for supply of goods to Mega Power Projects

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi- 110011 Policy Circular No. 14 (RE-2012/2009-14 Dated: 4th February, 2013 To All Regional Authorities All Customs Authorities All Members of Trade Subject: Clarification on availability of Deemed Export Benefits for supply of goods to Mega… Read More

ITAT Bangalore Bench Case regarding differences in activities of assessee and appropriate TP adjustment

2012-ITS-2918-ITAT-Toyota Kirloskar Motors (P.) Ltd. -Vs- Assistant Commissioner of Income-tax, Circle 12(3), Bangalore* , On. NOVEMBER 22, 2012 IN THE ITAT BANGALORE BENCH 'B' Toyota Kirloskar Motors (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle 12(3), Bangalore* GEORGE GEORGE K, JUDICIAL MEMBER AND JASON P. BOAZ, ACCOUNTANT MEMBER IT APPEAL NO. 828 (BANG.) OF 2010… Read More

ITAT Case regarding Section 194H (Commission or brokerage) and related issue of TDS on brokerage/commission payments

2013-ITS-45-ITAT-SKOL Breweries Ltd. -Vs- Assistant Commissioner of Income-tax, Range 8(3), Mumbai , On. JANUARY 18, 2013 IN THE ITAT MUMBAI BENCH 'K' SKOL Breweries Ltd. V. Assistant Commissioner of Income-tax, Range 8(3), Mumbai P.M. JAGTAP, ACCOUNTANT MEMBER AND VIJAY PAL RAO, JUDICIAL MEMBER IT APPEAL NO. 6175 (MUM.) OF 2011 [ASSESSMENT YEAR 2007-08] JANUARY 18,… Read More

Income Tax Appellate Tribunal Case regarding an International Transaction and related issue arising from Transfer Pricing

2013-ITS-47-ITAT-L.G. Electronics India (P.) Ltd. -Vs- Assistant Commissioner of Income-tax, Circle 3 , On. JANUARY 23, 2013 IN THE ITAT NEW DELHI BENCH (SPECIAL BENCH) L.G. Electronics India (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle - 3 G.D. AGARWAL, VICE PRESIDENT, R.S. SYAL, ACCOUNTANT MEMBER AND HARI OM MARATHA, JUDICIAL MEMBER IT APPEAL NOS.… Read More

Customs Appellate Tribunal Case regarding Non payment of excise duty and incorrect utilization of cenvat credit on input packing material

2013-ITS-39-CESTAT-M/s. Nabisco Confectionery & Food (I) Pvt. Ltd. -Vs- Commr. of C. Excise- Kolkata-VII , DECISION : 04.01.2013 CUSTOMS, EXCISE AND SERVICE TAX APPELLATE TRIBUNAL EAST REGIONAL BENCH : KOLKATA Excise Appeal No.-197/2011 (Arising out of the Order in Appeal No.03/Kol-VII/2011 dated-25.1.2011 passed by the Commissioner of Central Excise (Appeals-I), Kolkata) For Approval and signature… Read More

Central Excise Case regarding Non obtaining of Central Excise registration and non payment of duty

2013-ITS-28-CESTAT-M/s Jainsons ] M/s New Jain Sales Corporation ] -Vs- CCE, Delhi I , DATE OF HEARING : 04/01/2013. IN THE CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL West Block No. 2, R.K. Puram, New Delhi 110 066. Principal Bench, New Delhi COURT NO. IV Excise Appeal No. 1747-1748 of 2012 (SM) [Arising out of… Read More

FM calls on Customs and Central Excise to achieve Indirect taxes collection targets

Finance Minister Calls on Officers of Customs and Central Excise to take Advantage of Technological Advances to Ensure Non-Intrusive Tax Administration and Promoting a Non-Adversarial Tax Environment The Finance Minister Shri P.Chidambaram exhorted the officers of Customs and Central Excise to make every effort to achieve the budgetary target for the collection of indirect taxes… Read More

Scheme of Arrangement under the Companies Act 1956 – Revised requirements for the Stock Exchanges and Listed Companies

CIRCULAR CIR/CFD/DIL/5/2013 Date: February 4, 2013 To The Stock Exchanges Dear Sir/Madam Sub: Scheme of Arrangement under the Companies Act, 1956 Revised requirements for the Stock Exchanges and Listed Companies Vide Circular No. SEBI/CFD/SCRR/01/2009/03/09, dated September 03, 2009 (Circular) certain requirements were prescribed for seeking exemption under subrule (7) of rule 19 of the Securities Contracts (Regulation)… Read More

Auction of Government of India Dated Securities

Ref.No.IDMD 2249 / 08.02.032 / 2012-13 February 04, 2013 All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sir/Madam, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) (a) ˜8.07 percent Government Stock 2017-JUL™ for a notified… Read More

Auction for Sale (Re-issue) of ˜8.07 per cent Government Stock, 2017-JUL™

Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated February 04, 2013 NOTIFICATION Auction for Sale (Re-issue) of ˜8.07 per cent Government Stock, 2017-JUL™ F. No.4 (5)-W&M/2012: Government of India hereby notifies sale (re-issue) of ˜8.07 per cent Government Stock, 2017-JUL™ (hereinafter called 'the Stock') for an aggregate amount… Read More