Daily Archives: December 17, 2015

No attachment of bank account when stay application is pending before first appellate authority

Issue  The petitioner preferred an appeal together with the stay application before the Deputy Commissioner of Commercial Tax (Appeals) under section 73 of the Act on 6.7.2015, well within the period of limitation. However, during the pendency of the hearing of the stay application and the appeal, the fourth respondent issued attachment orders dated 21.7.2015,… Read More »

Initiatives by Govt of India for promoting Public Private Partnerships (PPPs)

Initiatives by Government of India for promoting PPPs: Government of India (GoI) has been placing strong emphasis on the use of Public Private Partnerships (PPPs) as a strategy for expanding the provision of infrastructure services. Several initiatives have been taken to create an enabling framework for PPPs: Ø  The appraisal mechanism for the PPP projects… Read More »

Tax Free Bonds for FY 2015-16 Terms & conditions

Tax Free Bonds for FY 2015-16 NOTIFICATION NO. 59/2015 [F.NO.178/27/2015-ITA-I] / SO 1827(E), DATED 6-7-2015 In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises the entities mentioned in column (2) of the Table… Read More »

CBEC notify Fireworks under Section 110 (1A) of Customs Act, 1962

Notifying Fireworks under Section 110 (1A)  of Customs Act, 1962 [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. 143/2015- Customs (N.T.)  New Delhi, the 15th December, 2015              G.S.R. ………….(E). – In exercise of the powers conferred by sub-section (1A) of section… Read More »

Govt increased Excise Duty rates on Petrol and Diesel

Seeks to further amend notification No 12/2012-Central Excise dated 17.03.2012 so as to increase  Excise Duty rates on Petrol and Diesel (both unbranded and branded) [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. 46/2015-Central Excise New Delhi,… Read More »