SIGN IN SUBSCRIBE

News Update

India received foreign remittance of USD 111 bn in 2022, says UNPitroda resigns as Chairman of Indian Overseas Congress over racist remarkGovt hosts workshop on improving Ease of Doing Business in Mining sectorI-T - Anything made taxable by rule-making authority u/s 17(2)(viii) should be 'perquisite' in form of 'fringe benefits or amenity': SCCus - Drawback - Revenue contends that appeal of exporter ought to have been dismissed by Tribunal as not maintainable since correct remedy was filing a revision application with Central government - Appeal disposed of: HCCus - CHA - AA has clearly brought out the modus adopted by the appellant and how he was a party to the entire under valuation exercise - Factual finding affirmed by Tribunal - No question of law arises for consideration: HCGST - Proper officer has not applied his mind while passing the order; confirmed demand by opining that reply is not satisfactory - Proper Officer is directed to withdraw all punitive actions taken against petitioner pursuant to impugned order: HCGST - Proper Officer had to at least consider the reply on merits and then form an opinion - Non-application of mind - Order set aside and matter remitted for re-adjudication: HCGST - Cancellation of registration for non-filing of returns - Suspension/revocation of license would be counterproductive and works against the interest of revenue - Pragmatic view needs to be taken to permit petitioner to carry on his business: HC86 flights of AI Express cancelled as crew goes on mass sick leaveTax Refund Conundrum - Odyssey of Legal MisstepsI-T- AO not barred from issuing more than one SCN; Fresh SCN seeking information is not without jurisdiction, more so where HC itself directed re-doing of assessment: HCMurthy launches Capacity Building on Design and Entrepreneurship programCash, liquor & drugs worth Rs 110 Cr seized from Jharkhand ahead of pollsI-T- Appeal before CIT(A) (NFAC) is rightly dismissed where it has been delayed by over one year without just & reasonable cause: ITATPoll-induced stress: 2 Bihar officials die of heart attack at polling boothsSixth Edition of Commandants' Conclave held in PuneSome Gujarat villages keep away from polls over unfulfilled demands from governmentRoof-hugging inflation nudges Argentina to print first lot of 10,000 notes of pesoInvestigation finds presence of ‘boys club’ strands of culture at American bank regulatorUS cancels licence to some firms found exporting materials to Huawei
 
Modi Govt to review Companies Act, SEZ Act and all FTAs

By TIOL News Service

NEW DELHI, JUNE 14, 2014: THE Union Commerce Minister, Ms Nirmala Seetharaman, on Saturday said the her Government is gearing up to undertake a comprehensive review of a bundle of Acts like SEZ Act, Companies Act and also Free Trade Agreements signed so far. And the purpose is to restore the faith of investors in the economy.

She said that she would be holding a dialogue with all stake holders next Saturday. “The Act posed a lot of difficulties and there are areas, which are affecting the stakeholders. All these will be discussed and necessary actions will be taken,” she added.

As regards the SEZ issue, the Minister is keen to list out the irritants which have dampened the spirit of the industry going slow on investments. She is going to review the tax incentive aspect and ways to make it successful.

She said that all these steps are aimed at creating jobs for the growing army of unemployed in the country.

She also clarified that all these steps should not be interpreted as the Modi Govt is going back on the decisions taken by the UPA Government.



POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST