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Dec 9, 2012

Govt withdraws search,seizure powers of new criminal IT wing

Govt withdraws search,seizure powers of new criminal IT wing

Posted: 09 Dec 2012 05:48 AM PST

The elite criminal investigation wing of the Income Tax department, which conducted a number of high-profile actions including raids on liquor baron Ponty Chadha, has been disallowed to carry out any search or seizure operations by the Finance Ministry henceforth.

'Soft serve' provided by McDonalds is ice cream for the purposes of excise – SC

Posted: 09 Dec 2012 05:32 AM PST

The assessee has averred that 'soft serve' cannot be regarded as ice- cream since the former is marketed and sold around the world as 'soft serve'. We do not see any merit in this averment. The manner in which a product may be marketed by a manufacturer, does not necessarily play a decisive role in...

Oversight of Members (Stock Brokers/Trading Members/Clearing Members of any segment of Stock Exchanges/Clearing Corporations)

Posted: 07 Dec 2012 06:02 AM PST

CIRCULAR No. MIRSD/13/2012, dated 7-12-2012 1. Please refer to SEBI Circular no. MIRSD/Master Cir-04/2010, dated March 17, 2010 on the captioned subject. 2. It has been decided, in consultation with Stock Exchanges and the associations of stock brokers, to modify the provisions of Para 2 & 3,...

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