Toppers of CLAT fail to get admission in NLS Delhi

the Appellate Tribunal was right in holding that the second reassessment proceedings were not validly initiated and thereby quashing the reassessment proceedings-the proceedings initiated by the AO for the second time under Section 147 is barred by limitation-even the proviso to Section 147 does not come into play on the facts of the case-AIT-2010-373-HC Even if the goods belong to same entry, manufacture does take place if new identifiable/marketable goods known in market emerge due to operation conducted-the process of ironing applied to the stiched brassieres prior to their packing was a process incidental to the completion of the brassieres as a manufactured product-process of purification and filtration being incidental or ancillary to the manufacture of a marketable product, the Respondent was entitled to Modvat credit on the inputs involved-AIT-2010-370-HC Larger Bench of CESTAT rules the Tribunal has ample power to condone the delay in filing the appeal including the one filed under section 35 E (4)-AIT-2010-372-CESTAT Corruption in IRS takes its toll-Deputy Commissioner of Income Tax Dhananjay Kumar arrested by CBI in Mumbai-Joint Commissioner of Customs & Excise Hemant Kothikar also arrested by CBI FM directs expediting of Cadre Restructuring in CBDT & CBEC Tariff Value for import of Brass Scrap is 3924-Customs Non-Tariff Notification No. 78 Chief Justice of Gauhati High Court Justice Ranjan Gogoi to be Chief Justice of Punjab & Haryana High Court Anti-dumping duty on imports of Acrylic Fibre originating in, or exported from Japan and Belarus-Customs Tariff Notification No.85 Prescribing SION for new product “Propylene” under Chemical & Allied Products Group-DGFT PN 7 Inclusion of Finished Leather in the Focus Product Scheme of FTP-DGFT PN 6 Exchange Rate for imported goods is Rs 47.25 per US Dollar and Rs 60.35 per EURO-Exchange Rate for export goods is Rs 46.30 per US Dollar and Rs 58.70 per EURO-Customs Non-Tariff Notification No. 77-Click on Exchange Rate for details Anti Dumping Duty under the Notification No.15/2007 is not applicable to Spandex Yarn (Elastomeric yarn)-Customs Circular No.30 Import of goods under Notification No.13/2010 for Commonwealth Games, 2010-Customs Circular No.31 Larger Bench of CESTAT rules charges towards pre-delivery inspection and after-sale-service by dealers from buyers of the cars to be included in the assessable value of cars for payment of excise duty-AIT-2010-366-CESTAT merely because there was non accounting of goods, penalty was technical and inference of clandestine removal was not called for-AIT-2010-365-HC ITAT rules provision for doubtful debts and provision for standard debts are to be taken into consideration for computation of book profit u/s. 115JB of the IT Act-AIT-2010-361-ITAT HC rules slitting of aluminum foils into customized width, mounting the same on the printing machine and thereafter printing the necessary text thereon is covered for 80IB benefit as it falls within the ambit of the term “produce”-AIT-2010-363-HC Definitive Anti-dumping duty imposed on imports of Coumarin, originating in, or exported from China-Customs Tariff Notification No. 82 Special Bench of ITAT Ruling-where a forward contract is entered into by the assessee to sell the foreign currency at an agreed price at a future date falling beyond the last date of accounting period, the loss is incurred to the assessee on account of evaluation of the contract on the last date of the accounting period i.e. before the date of maturity of the forward contract-AIT-2010-355-ITAT-SB

JUDGMENTS

CENTRAL EXCISE

CUSTOMS

exchange rate

SERVICE TAX

INCOME TAX

VAT

FINANCE ACTS

FINANCE BILLS

EOU STPI

SEZ

DGFT

RBI

NTT

RESOURCES

Email | Print

Toppers of CLAT fail to get admission in NLS Delhi

AIT News Network

NEW DELHI. NLS (National Law School) Delhi based in Dwarka has become hottest and most sought after Law School in India for 5 year BA, LL.B. (Honours) course after class 12th; if the results of separate entrance examinations of NLS Delhi and CLAT(Common Law Entrance Test) are any indication. NLS Delhi was not part of CLAT examination which was a common entrance for 11 National Law Schools including Bangalore, Hyderabad, Kolkata, Jodhpur, Bhopal, Raipur, Gandhinagar, Lucknow, Patna, Punjab and Kochi.

There are around 40 candidates who got admission in NLS Bangalore, but failed to crack entrance of NLS Delhi. Even the toppers of CLAT have failed to clear entrance examination for NLS Delhi. Nidhi Modani who topped with Rank 1 in CLAT; secured 69th rank in entrance examination of NLS Delhi and has failed to get admission even from 1st waiting list as there are only 52 General Category seats in NLS Delhi. Similarly, Rajat Gangwar who secured Rank 2 in CLAT also failed in entrance of NLS Delhi where he was placed in Rank 170. Further, Sidhartha Basu who scored Rank 3 in CLAT also failed to get admission in NLS as he was ranked 97 in NLS Delhi. Paroma Mitra who got Rank 5 in CLAT also failed to get admission in NLS Delhi as she got placed at Rank 409 in NLS Delhi examination. Parul Goyal who has secured Rank 6 in CLAT is also in the same boat as she was ranked 231 in NLS Delhi examination. Vishav Gupta ranked 8 in CLAT also failed in NLS Delhi examination as he was ranked 75 by NLS Delhi.

Majority of students studying in NLS Bangalore are from North and with the opening of NLS in Delhi students are giving their first preference to NLS Delhi. If the results are any indication; NLS Delhi is going to surpass NLS Bangalore and NALSAR Hyderabad by the time its first Batch passes out in 2013 as the quality of students as well as the Faculty joining NLS Delhi may be superior to other National Law Schools. Dr Ranbir Singh who was Founder Director/Vice-Chancellor of NALSAR Hyderabad has joined as Vice-Chancellor of NLS Delhi and Dr Ghanshyam Singh from NALSAR has joined as Registrar of NLS Delhi. Further, NLS is hunting for the Faculty from other NLS and some of the Faculty has already moved from NALSAR and other National Law Schools. Being located in Capital NLS Delhi will have access to best Faculty and since it is the seat of Supreme Court it will also have better access to legal luminaries. NLS Delhi boasts of world class infrastructure including Air-conditioned class rooms and library. The campus is wi-fi enabled.

Law itself has become a Hot Profession and joining NLS can prove out to be better than joining IIT. Those passing out from National Law Schools of Bangalore, Hyderabad, Jodhpur etc. are offered Packages ranging from Rs. 30 Lakh to Rs. 40 lakh in Foreign Law Firms and Rs. 10 to Rs. 15 Lakh in Indian Law firms. Many National Law Schools have 100 per cent campus placement.