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Income Tax - Highlights / Catch Notes

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Challenges to Section 94-A (1) of the Income Tax Act, 1961, the ...

Income Tax

April 16, 2016

Challenges to Section 94-A (1) of the Income Tax Act, 1961, the Notification dated 1.11.2013 and the Press Release dated 1.11.2013 are not sustainable in law - HC

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  2. Provisional release of the goods – the condition of giving declaration that the assessee will not challenge the value of goods is not sustainable - AT

  3. Place of keeping and inspection of registers, returns, etc. - Amendments to Section 94 of the Companies Act, 2013 came into force w.e.f. 13.6.2018

  4. Power to immediate inspection of the documents / registers or to take any extract or copy required, u/s 94 of Companies Act, 2013, delegated to Regional Directors

  5. Effective date of notification - the N/N. 1/2013 Customs dated 21.01.2013 was received by the government press on 21.01.2013 at 9.45 p.m., printed on 01.02.2013 and sent...

  6. Press Release on FDI Circular 2 of 2011.

  7. Liability to duty - principal manufacturer or job worker - the principal manufacturer i.e. who furnished the undertaking under notification 83/94 and 84/94 is liable to duty - AT

  8. Exemption u/s 11 - investment in violation of Section 11(5) - investment of Rs. 1.5 crore and transfer of 100 acres of land by the Appellant to HITEX squarely covered...

  9. Seeks to amend notification No. 94/1996-Customs - Exemption to re-imported goods exported under various Export Promotion Schemes. - Notification

  10. The petitioner is willing to pay the tax, the authorities are bound to release the same as the provision of law provides for release of goods on payment of tax - HC

 

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