RECENT INCOME TAX CASE LAWS IN INDIA
We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.
Posted by
kanoisandeep |
Sunday, January 31, 2010
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| Rescinds the Notification No. 83/2009- Customs, dated the 30-07-2009 – Regarding anti dumping duty on imports of Carbon Black used in rubber applications, originating in, or exported from, Australia, China PR, Russia and Thailand, and imported into India Posted: 31 Jan 2010 07:58 PM PST In exercise of the powers conferred by sub-sections (1) and (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rule 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Section 42(1) of the Reserve Bank of India Act, 1934 – Maintenance of CRR Posted: 31 Jan 2010 07:54 PM PST On the basis of the current macroeconomic assessment, as set out in the Third Quarter Review of Monetary Policy 2009-10 issued on January 29, 2010, it has been decided to increase the Cash Reserve Ratio (CRR) for Scheduled Commercial Banks by 75... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Third Quarter Review of RBI Monetary Policy 2009-10 Posted: 31 Jan 2010 07:50 PM PST This Policy Review statement should be read and understood together with the detailed review in Macroeconomic and Monetary Developments released yesterday by the Reserve Bank. The statement is organised in four sections. Section I provides an... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Direct tax code lack the focus on development Posted: 31 Jan 2010 07:35 PM PST The tax code comes in the economic background of over 400 million people being below the poverty line; with many areas disturbed due to underdevelopment; sustained policies of inclusive growth having reduced the poverty ratio but not absolute... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Apex court ask government to take action against official for delays in filing appeals for recovery of tax dues Posted: 31 Jan 2010 07:27 PM PST Inordinate delays in filing appeals for recovery of tax dues by the government have often attracted the attention of the apex court. These delays caused by lapses on the part of revenue officials at Centre and states, however, also represent a... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | MNC can now appeal with CIT (A) too in respect of transfer pricing related disputes Posted: 31 Jan 2010 07:09 PM PST This is good news for Multi-national companies (MNCs) operating in India. Over 1,600 such companies, who were asked to pay additional corporate taxes on account of their overseas transactions, now, have the option to appeal before the conventional... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Service Tax on Renting of Immovable Property – Board promises Delhi HC to revise instructions Posted: 29 Jan 2010 09:15 PM PST The Delhi High Court in the Home Solution Retail India case had held that renting of immovable property is not a taxable service. The Government as usual filed an appeal in the Supreme Court and the whole Department is under the impression that by... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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