Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Fri, Dec 17, 2010 at 10:39 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• In Case Of War Widows Handicapped People And Similar Cases The Law Should Take A Liberal View - SC
• No Exemption From Custom Duty For Goods Brought In Without Valid Licence
• No Time Limit For Reference Of Disputes To Labour Court - SC
• Delay Not Ground For Dismissing Petition- SC
• ICAI Changes CPT Examination Centre At Abu Dhabi
• ICSI Announces National Award For Excellence In Corporate Governance- 2010
• Broad Based Recovery With Contribution From All Sectors Reassures Economic Momentum Has Strong Foundations - FM
• FM Emphasizes Need For Greater Integrity In Development Construction And Marketing Of Real Estate Business
• Empanelment Of C A Firms For Internal Financial Audit Of DASP For The Year 2007-08 2008-09 And 2009-10
• Top Ten Online Security Threats And Trends In 2011
• Income Tax Policy Would Gradually Move Towards Treaty Override
• Spectrum Raids- CBI Raided 27 Places Associated With A Raja And Kanimozhi
• Vodafone Case - Government Requests SC To Waive Its 1 Per Cent Commission
• Understanding E1 AND E2 Sales Under CST Act 1956
• Freedofrom British Only To Be Slaves Of Ourselves- The Menace Of Corruption- Must Read
• Indian Customs - Tariff Notification No 124 2010 Amends Notification No 97 2009-Customs Dated The 11th September 2009
• CUSTOMS Notification No 100 2010 NT - Amends Notification No 36 2001-Cus N T Dated The 3rd August 2001
• Conditions And Modalities For Registration Of Contracts Of Cotton With DGFT
• Registration Of Contracts For Export Of Cotton By The Directorate General Of Foreign Trade Regarding
• Allocation Of 8 200 MTs Of Raw Sugar To USA Under Tariff Rate Quota For The Year 2010-11 Through M S Indian Sugar Exim Corporation Ltd New Delhi
• Amendments To The Equity Listing Agreement- CIR CFD DIL 10 2010
• Insurance - IRDA S Guidelines On Trade Credit Insurance

In Case Of War Widows Handicapped People And Similar Cases The Law Should Take A Liberal View - SC Posted: 17 Dec 2010 01:09 AM PST In the case of war widows handicapped people and similar cases the law should take a liberal view the SC stated in the judgment Shalimar Gas vs Indian Oil Corporation nbsp In this case a war widow was given a gas distribu [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No Exemption From Custom Duty For Goods Brought In Without Valid Licence Posted: 17 Dec 2010 12:59 AM PST Goods brought into the country without valid licence is not entitled to customs exemption and it should be treated in the same way as smuggled goods the SC stated in the case Commissioner of Customs vs M s M Ambalal amp Co In [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No Time Limit For Reference Of Disputes To Labour Court - SC Posted: 17 Dec 2010 12:56 AM PST The Industrial Disputes Act does not prescribe any time limit for referring a dispute to the labour court the Supreme Court has stated in its judgment Kuldeep Singh vs Instrument Design Development Centre In this case the emplo [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Delay Not Ground For Dismissing Petition- SC Posted: 17 Dec 2010 12:54 AM PST The Supreme Court SC stated last week that courts should not dismiss petitions of revenue authorities only on the ground of delay without going into the merits of the case In this case the Commissioner of Income Tax appealed to [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI Changes CPT Examination Centre At Abu Dhabi Posted: 17 Dec 2010 12:35 AM PST Change of CPT Examination Centre at Abu Dhabi - 16-12-2010 nbsp Candidates for CPT Examination to be held on 19th December 2010 appearing at Abu Dhabi centre may kindly note that the examination centre has been shifted from In [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICSI Announces National Award For Excellence In Corporate Governance- 2010 Posted: 16 Dec 2010 11:52 PM PST ICSI National Award for Excellence in Corporate Governance- 2010 Presented to Dr Reddy s Laboratories Limited and Larsen amp Toubro LimitedFinance Minister Shri Pranab Mukherjee presented the ICSI National Award for Excelle [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Broad Based Recovery With Contribution From All Sectors Reassures Economic Momentum Has Strong Foundations - FM Posted: 16 Dec 2010 11:50 PM PST Broad Based Recovery with Contribution from all Sectors Reassures Economic Momentum Has Strong Foundations FM nbsp Emphasizes Need to Increase Investment in Infrastructure and Improvement in Education and Health of People to Make Gr [[ This is a content summary only. Visit www.taxguru.in for full article ]]

FM Emphasizes Need For Greater Integrity In Development Construction And Marketing Of Real Estate Business Posted: 16 Dec 2010 11:47 PM PST Finance Minister s Speech at 10th National Convention of Confederation of Real Estate Developers Associations of India nbsp Realty Sector needs to be more Sensitive and Price their Products AppropriatelyFM Emphasizes need for Grea [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Empanelment Of C A Firms For Internal Financial Audit Of DASP For The Year 2007-08 2008-09 And 2009-10 Posted: 16 Dec 2010 11:16 PM PST DIVERSIFIED AGRICULTURE SUPPORT PROJECT DASP Project Coordination Unit PICUP BHAWAN 4TH FLOOR B1 amp B2 BLOCK VIBHUTI KHAND GOMTI NAGAR LUCKNOW-226010 UTTAR PRADESH-INDIA Phone 91-522-2720718 Fax 91-522 2720837 Website w [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Top Ten Online Security Threats And Trends In 2011 Posted: 16 Dec 2010 11:05 PM PST It s coming to the end of 2010 and it may be coming to our mind that what to expect in terms of new threats and related trends in 2011 I have to say that I don t see total revolutions in the threats just continuing evoluti [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Policy Would Gradually Move Towards Treaty Override Posted: 16 Dec 2010 10:56 PM PST The Union Revenue Secretary Mr Sunil Mitra said here on Tuesday that domestic tax policy would gradually move towards treaty override and introduce measures against aggressive tax planning and tax avoidance nbsp Addressing a FICC [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Spectrum Raids- CBI Raided 27 Places Associated With A Raja And Kanimozhi Posted: 16 Dec 2010 10:51 PM PST Chennai December 15 The ruling DMK in Tamil Nadu suffered a big jolt on Wednesday as CBI teams probing the spectrum scam raided 27 places associated with people and organisations closely identified with former Union communication [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Vodafone Case - Government Requests SC To Waive Its 1 Per Cent Commission Posted: 16 Dec 2010 07:05 AM PST The government has requested the Supreme Court to waive its 1 per cent commission for letting it withdraw Rs 2 500 crore which has been deposited in the court by telecom firm Vodafone Intern [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Understanding E1 AND E2 Sales Under CST Act 1956 Posted: 16 Dec 2010 03:15 PM PST Central Sales Tax Act 1956 envisages single point of taxation i e tax at the first point of sales Subsequent sales during the movement of the goods from one state to another have been exempted under section 6 2 of CST Act Before [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Freedofrom British Only To Be Slaves Of Ourselves- The Menace Of Corruption- Must Read Posted: 15 Dec 2010 11:59 PM PST This article is dedicated to all those die hard honest public servants who have stood by their morale and never buckled under pressure from their political bosses even at the risk of their being transferred to punishment posting denia [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Indian Customs - Tariff Notification No 124 2010 Amends Notification No 97 2009-Customs Dated The 11th September 2009 Posted: 17 Dec 2010 12:48 AM PST Notification No 124 nbsp 2010 Customs New Delhi the 15th December 2010 nbsp G S R 977 E - nbsp In exercise of the powers conferred by sub-section 1 of section 25 of the Customs Act 1962 52 of 1962 the Cent [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CUSTOMS Notification No 100 2010 NT - Amends Notification No 36 2001-Cus N T Dated The 3rd August 2001 Posted: 17 Dec 2010 12:42 AM PST Notification No 100 2010 - Customs N T New Delhi 15th December 2010 nbsp S O E In exercise of the powers conferred by sub-section 2 of section 14 of the Customs Act 1962 52 of 1962 the Board being satisf [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Conditions And Modalities For Registration Of Contracts Of Cotton With DGFT Posted: 17 Dec 2010 12:32 AM PST Policy Circular No nbsp 06 RE-2010 2009-14 nbsp Dated 16 12 2010 Sub nbsp nbsp nbsp Conditions and modalities for registration of contracts of cotton with DGFT It was the decision of meeting of Group of Ministers [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Registration Of Contracts For Export Of Cotton By The Directorate General Of Foreign Trade Regarding Posted: 17 Dec 2010 12:28 AM PST Notification No nbsp 12 RE-2010 2009-14 New Delhi Dated 16th December 2010 nbsp Subject - Registration of contracts for export of cotton by the Directorate General of Foreign Trade regarding nbsp S O E nbsp nb [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Allocation Of 8 200 MTs Of Raw Sugar To USA Under Tariff Rate Quota For The Year 2010-11 Through M S Indian Sugar Exim Corporation Ltd New Delhi Posted: 17 Dec 2010 12:24 AM PST Public Notice No 18 RE-2010 2009-2014 nbsp New Delhi the nbsp 15th December 2010 nbsp nbsp S O E nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp In exercise of the powers conferred under Paragraphs 2 1 2 4 and [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Amendments To The Equity Listing Agreement- CIR CFD DIL 10 2010 Posted: 17 Dec 2010 12:16 AM PST CIR CFD DIL 10 2010 nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp n [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Insurance - IRDA S Guidelines On Trade Credit Insurance Posted: 16 Dec 2010 11:59 PM PST CIRCULAR NO IRDA NL CIR CRE 205 12 2010 DATED 13-12-2010 Introduction - nbsp The Authority has reviewed the credit insurance products being offered by Indian Insurers and is of the view that there is a need to standardize the [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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