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Visit our website: www.onlinelawsolutions.com Subscribe our updates on tax/law: Click Here Citation of the Case :  Pralhad @ Pratap s/o Tanbaji Pawar vs. State of Maharashtra (Mumbai High Court), Criminal Application (ABA) No. 642 /2015,   Date of Judgment:   27/01/2016 Anticipatory bail rejected on possible embezzlement, HC strictly noted misuse of tax payer’s money & requested to eradication of corruption Brief of the Case Mumbai High Court held In the case of Pralhad @ Pratap s/o Tanbaji Pawar vs. State of Maharashtra that there has been a report also in the recent point of time that there are some more Corporations of the State of Maharashtra who have indulged into huge misappropriation of the taxpayers’ money in the alike fashion. Therefore, this Court expects the Director General of Police, MS, Mumbai and rather requests him to take up such cases and find out the veracity of such a claim made in newspapers, and if there is substance, to immediate

Visit our website: www.onlinelawsolutions.com Subscribe our updates on tax/law: Click Here CS Varun Kapoor The Companies Law Committee (hereinafter called as The Committee) has submitted its recommendations   to Honourable Union Minister of Finance, Corporate Affairs and I&B. About The Companies Law Committee:   The Companies Law Committee, set up on 4th June, 2015, to make representations to the Government on issues arising from the implementation of the Companies Act, 2013 as well as on the recommendations received from the Bankruptcy Law Reforms Committee, the High Level Committee on CSR, the Law Commission and other agencies.  Also, The Committee has made recommendation on the issues as observed by the Committee and other stakeholders. Recommendations:   I would like to highlight Recommendations of The Committee on various Definitions like Associate Company, Charge, Deposit, Related Party etc. under Companies Act, 2013. Such recommendations are given

Visit our website: www.onlinelawsolutions.com Subscribe our updates on tax/law: Click Here GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NEW DELHI CIRCULAR NO. 06/2016-Customs, Dated: February 09, 2016 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners & Commissioners, all under CBEC Subject:   Amendments effective 11.2.2016 to the All Industry Rates of Duty Drawback – reg. The Government considered representations, feedback and data related to the All Industry Rates (AIR) of Duty Drawback that took effect on 23.11.2015 and has notified certain changes vide   Notification No. 22/2016-Customs (N.T.)   dated 08.2.2016. These changes take effect from 11.02.2016. The notification should be downloaded from www.cbec.gov.in and perused. The changes made, inter-alia, include – (a) AIR of drawback is being provided

Visit our website: www.onlinelawsolutions.com Subscribe our updates on tax/law: Click Here [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification  No. 23/2 0 16-CUSTOMS (N. T.) New Delhi, Dated: 9th February, 2016 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 Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3 rd   August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3 rd   August, 2001, namely:- In the said noti