Daily Archives: November 6, 2015

Cancellation of Ticket and Refund of Fare Rules 2015 Notified by Railway

MINISTRY OF RAILWAYS (Railway Board) NOTIFICATION New Delhi, the 4th November, 2015 G.S.R.836(E).—In exercise of the powers conferred by sub-section (1), read with clause (b) of sub-section (2) of Section 60 of the Railways Act, 1989 (24 of 1989) and in supersession of Railway Passengers (Cancellation of tickets and refund of fare) Rules, 1998, except… Read More »

Abatement can be claimed even if duty paid belatedly

Facts of the case The appellant’s machines were sealed and there was no production from 16.4.2013 to 15.5.2013. The appellant had already deposited duty of 70 lakh for the whole of month of April, 2013. Therefore, the appellant filed an application on 8.5.2013 for abatement of duty for the period 16.4.2013 to 30.4.2013. The same… Read More »

Third party premium rates for battery driven e carts or e rickshaws

Ref:IRDA/NL/CIRI/MOTP/196/11/2015 Date:04-11-2015 The Motor Vehicles Amendment Act, 2015, as notified in the Gazette of India on 20th March 2015, brings the e-carts and e-rickshaws under its ambit. As per the amendment, e-carts or e-rickshaws are special purpose battery powered vehicles not exceeding 4000 watts, having three wheels for carrying goods or passengers, as the case… Read More »

Transfer or Issue of Security by a Person Resident outside India

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE NOTIFICATION Mumbai, the 30th October, 2015 No. FEMA.354/2015-RB Foreign Exchange Management  (Transfer or Issue of Security by a Person Resident outside India) (Tenth Amendment) Regulations, 2015 G.S.R. 823(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of… Read More »

Detection and Reporting of Counterfeit Notes

RBI/2015-16/162 DCM (FNVD) No. 776/16.01.05/2015-16 August 27, 2015 The Chairman / Managing Director / Chief Executive Officer All Banks Madam / Sir, Detection of Counterfeit Notes Please refer to our Circular DCM (FNVD) No. 5840/16.01.05/2012-13 dated June 27, 2013 on “Detection and Reporting of Counterfeit Notes”. The procedure for detection of counterfeit notes has been… Read More »


APPEAL TO THE INCOME TAX APPELLATE TRIBUNAL [As amended by Finance Act, 2015] Introduction The Commissioner of Income-Tax (Appeals) is the first appellate authority and the Income Tax Appellate Tribunal (ITAT) is the second appellate authority. Appeal to the ITAT can be filed by any of the aggrieved party either by the taxpayer or by… Read More »