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SERVICE TAX

SECTION 86

APPEALS - ORDERS OF - APPELLATE TRIBUNAL

In course of application seeking clarification of its earlier order, Tribunal can only decide whether initial order was ambiguous or not; it cannot travel beyond initial order and deal with something not there in initial order - [2016] 66 taxmann.com 291 (Bombay)

CUSTOMS ACT

SECTION 135

OFFENCES AND PENALTIES – GENERAL

Where it is found that some findings in adjudication proceedings are incorrect and assessee has not been completely held innocent, criminal prosecution may continue despite exoneration in adjudication proceedings -[2016] 66 taxmann.com 293 (SC)

STATUTES

DIRECT TAX LAWS

Section 143 of the income-tax Act, 1961 – Assessment – General - List of pending time barring cases under Section 143(3) & 143(1) as on 20-6-2016 - LETTER F.NO.DGIT(S)/DIT(S)-3/AST/TIME BARRING MATTERS/84/2015-16, DATED 3-3-2016

Income-tax (Fourth Amendment) Rules, 2016 - Amendment in Appendix I - NOTIFICATION NO. SO 650(E) [NO.13/2016 (F.NO.142/33/2015-TPL)], DATED 3-3-2016

Fiscally transparent entities in UK can take benefit of India-UK DTAA, CBDT clarifies-IT/ILT : Section 90 OF the Income-tax Act, 1961 – Double Taxation Agreement – Benefits of India-UK Double Taxation Avoidance Agreement to UK partnership firms - CIRCULAR NO.2/2016 [F.NO.500/82/2015-FTD.I], DATED 25-2-2016

CORPORATE LAWS

Reserve Bank of India (Interest Rates on Advances) Directions, 2016 - MASTER DIRECTION DBR.DIR.NO.85/13.03.00/2015-16, DATED 3-3-2016

Election Laws (Amendment) Act, 2016 - NO.10 OF 2016, DATED 3-3-2016

Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 - MASTER DIRECTION DBR.DIR.NO.84/13.03.00/2015-16, DATED 3-3-2016

Grant of EDF waiver for export of goods free of cost - A.P. (DIR SERIES 2015-16) CIRCULAR NO.53, DATED 3-3-2016 Thanks & Regards, Meetesh Shiroya