Daily Archives: September 18, 2015

Revaluation loss on index linked debentures can be claimed

By | September 18, 2015

Can the Assessee claim revaluation loss on index linked debentures issued by the assessee ? The Hon;ble Supreme Court has considered the issue relating to the effect of changes in foreign exchange rates in the case of Woodward Governor India (P) Ltd (supra). In the case of foreign currency also, the conversion rates keep fluctuating and… Read More »

Construction for an educational institutions and service tax Exemption

By | September 18, 2015

Whether for the construction of educational institutions, service tax is exempted as per Circular No. 80/10/2004 ST, dated 17.9.2004 upto 30.6.2012 ? Section 65(105)(zzzza), read with section 65(25b), of the Finance Act, 1994 Taxable services – Works contract services Period October, 2008 to June 2012 Facts of the Case Assessee constructed classrooms, hostels, etc., for educational… Read More »

SECURITIES AND EXCHANGE BOARD OF INDIA (PROCEDURE FOR SEARCH AND SEIZURE) REPEAL REGULATIONS, 2015

By | September 18, 2015

THE GAZETTE OF INDIA EXTRAORDINARY PART III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, SEPTEMBER 17, 2015 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17th September,2015 SECURITIES AND EXCHANGE BOARD OF INDIA (PROCEDURE FOR SEARCH AND SEIZURE) REPEAL REGULATIONS, 2015 No. SEBI/LAD-NRO/GN/2015-16/020.– In exercise of the powers conferred by section 30 of… Read More »