Daily Archives: January 27, 2016

CA IPC Result Nov 2015 likely to be declared on 1.02.2016

Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2015 is likely to be declared on Monday, the 1st February, 2016 around 4.00 P.M. – (25-01-2016) Source : THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA The result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November, 2015 is likely… Read More »

Central Registration Centre to Process applications for reservation of names under Companies act

[To be published in the Gazette of India, Extraordinary, Part ll, Section 3, sub-Section(ii) ] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 22 January 2016 S.O. (E) In exercise of the power-s conferred by sub-sections (1) and (2) of section 396 of the Companies Act ,2013 (18 of 2013) (herein after referred… Read More »

Time bound action plan to make public places accessible for Persons with Disabilities

Time bound action plan to make public places and transport accessible for Persons with Disabilities Accessibility Index, an aspirational educational benchmark- almost finalized While the government has recently launched several initiatives like Accessible India Campaign, the public and private sector should come together to ensure inclusion and mainstreaming of differently abled, said Shri Thaawarchand Gehlot,… Read More »

Ministry of Shipping to invest Rs 14225 crores on various Port Projects

Ministry of Shipping to invest Rs. 14,225 crores on various Port Projects In order to bring the Major Ports in India at par with its contemporaries across the world, Ministry of Shipping has been emphasizing on creation of additional capacities through development and construction of new berths/terminals, revamp of existing berths and terminals and other… Read More »

India and Armenia Sign Protocol amending DTAC

India and Armenia Sign Protocol amending the India-Armenia Double Taxation Avoidance Convention A Protocol to amend the existing Double Taxation Avoidance Convention was signed by the Government of India and the Government of Armenia here today. The Protocol amends the Double Taxation Avoidance Convention between India and Armenia that has been in existence since 9th… Read More »

Hybrid Annuity model for implementing highway projects

Hybrid Annuity model for implementing highway projects The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the Hybrid Annuity Model as one of the modes of delivery for implementing the Highway Projects. Adopting such a model for projects not found viable on BOT (Toll) mode… Read More »

Govt approves Increasing Authorized Share Capital of NSFDC

Increasing the Authorized Share Capital of the National Scheduled Castes Finance and Development Corporation The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi today gave its approval for enhancement of. Authorized Share Capital of the National Scheduled Castes Finance and Development Corporation (NSFDC), a Central Public Sector Enterprise (CPSE) working under the aegis… Read More »

India Signs MOU’s for Cyber Security with Malaysia, Singapore and Japan

Signing of Memorandum of Understandings between Indian Computer Emergency Response Team with (i) CyberSecurity, Malaysia; (ii) Cyber Security Agency of the Republic of Singapore; and (iii) Japan Computer Emergency Response Team Coordination Center on Cooperation in Cyber Security The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was today apprised of the Memorandum… Read More »

Utilization of dredged sand in Cochin Port

Utilization of dredged sand in Cochin Port Cochin Port Trust has approached KITCO to undertake a study for utilisation of dredged sand. Cochin Port Trust has been exploring methods of reducing the net expenditure on maintenance dredging. One of the suggestions in this regard was utilization of the material from the dredging. Approximately 21 million… Read More »

Refund of service tax paid on terminal handling charges by Exporters allowed

Jain Irrigation Systems Ltd. v. Commissioner of Central Excise, Mumbai M.V. RAVINDRAN, JUDICIAL MEMBER ORDER NOS. M/4872/2015/SMB AND A/3580-3581/2015/SMB APPLICATION NO. ST/MA(ORS.)/94578/2015 APPEAL NOS. ST/89895 AND 89901/2014 OCTOBER  28, 2015 Aqueel Sheeraji, Adv. for the Appellant. A.B. Kulgod, Asstt. Commr. (AR) for the Respondent. ORDER 1. These two appeals filed by the appellant are against… Read More »

Financial difficulties is not an excuse for non payment of Service tax already collected from customers

CESTAT, MUMBAI BENCH Mohtamaan Industries v. Commissioner of Central Excise, Customs & Service Tax, Pune-I M.V. RAVINDRAN, JUDICIAL MEMBER AND C.J. MATHEW, TECHNICAL MEMBER ORDER NO. A/3647/2015/STB APPEAL NO. ST/18/2011 NOVEMBER  10, 2015 Makrand Joshi, Adv. for the Appellant. B. Kumar Iyer, Superintendent (AR) for the Respondent. ORDER C.J. Mathew, Technical Member – M/s Mohtamaan… Read More »

Depreciation on revalued assets allowed to successor if same was allowed to predecessor

IN THE ITAT MUMBAI BENCH ‘E’ Deputy Commissioner of Income-tax-7 (2), Mumbai v. Suyash Laboratories Ltd. N.K. BILLAIYA, ACCOUNTANT MEMBER AND SANJAY GARG, JUDICIAL MEMBER IT APPEAL NOS. 4003 & 4004 (MUM.) OF 2012 [ASSESSMENT YEARS 2005-06 & 2006-07] OCTOBER  14, 2015 Premanand J. for the Appellant. Vijay Mehta for the Respondent. ORDER N.K. Billaiya,… Read More »

President’s Rule imposed in Arunachal Pradesh

President’s Rule imposed in Arunachal Pradesh today Source: Ministry of Home Affairs 26-January, 2016 President of India has signed a Proclamation under article 356(1) of the Constitution, imposing President’s Rule in relation to the State of Arunachal Pradesh and keeping the Legislative Assembly of the State in suspended animation with effect from January 26, 2016. Taking… Read More »