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 |
Saturday, July 17, 2010
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| Companies may not get any tax sop for spending more on corporate social responsibility Posted: 16 Jul 2010 08:44 PM PDT Indian Companies may not get any tax sops for spending more as part of their corporate social responsibility (CSR) initiatives, an official in the government said on Thursday. The ministry of corporate affairs is unlikely to recommend any tax... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | 'Company Law Settlement Scheme, 2010' and 'Easy Exit Scheme, 2010' Launched by the Ministry of Corporate Affairs Drawing Good Response From the Corporates Posted: 16 Jul 2010 08:40 PM PDT The two schemes recently launched by the Ministry of Corporate Affairs, viz., 'Company Law Settlement Scheme, 2010' (CLSS 2010) and 'Easy Exit Scheme, 2010' (EES 2010) are drawing positive response from the corporate sector. The two Schemes were... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Shri Salman Khurshid Launches Kanada Version of the Investor Education and Protection Fund Website Posted: 16 Jul 2010 08:38 PM PDT Shri Salman Khurshid, Minister of Corporate Affairs, today launched the Kanada version of the Investor Education and Protection Fund Website at Bangalore. He also released Beginner's Guide on Capital Markets in Kanada language at a function... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | ACB and IT department investigation still on in the case of alleged accumulation of unaccounted wealth by Kripashanker Singh Posted: 16 Jul 2010 07:40 PM PDT Mumbai Congress chief Kripashankar Singh continues to be in the dock. Income-tax department and the anti-corruption bureau of Maharashtra on Thursday informed Bombay High Court that the probe into allegations of accumulation of unaccounted wealth by... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Income Tax staff to boycott search, seizure operations from July 20 Posted: 16 Jul 2010 07:35 PM PDT The employees of the Income-Tax Department plan to boycott all search and seizure operations as well as survey operations from July 20 to secure their charter of demands, said Mr Ashok B. Salunkhe, All-India Secretary General of the Income Tax... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Rs 10,221 Crore unrealised revenue: CAG Posted: 16 Jul 2010 07:31 PM PDT The Comptroller and Auditor General of India has asked the state government to take speedy and effective action for realising Rs 10,221 crore of unrealised revenue from various departments. The report of the Comptroller and Auditor General of India... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Judge Hearing PWC case recuses himself from hearing Posted: 16 Jul 2010 07:28 PM PDT Mr Justice D. D. Sinha of the Bombay High Court, one of the judges on the Division Bench hearing audit firm Price Waterhouse's petition against Securities and Exchange Board of India, recused himself from hearing the case on Friday, without... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | A study on Valuation of Business Posted: 16 Jul 2010 07:10 PM PDT The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Audit Planning & Documentation Posted: 16 Jul 2010 06:54 PM PDT And who better than we professionals have powers as well as sense of such big responsibility therewith? Many professionals prove this by excelling in the various fields of accounting and auditing. The Institute of Chartered Accountants of India is... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Amendments, in the Handbook of Procedures (vol.1) 2009-2014- DGFT Public Notice No. 82/2009-14 Posted: 16 Jul 2010 05:03 PM PDT In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the Director General of Foreign Trade hereby makes the following amendments, in the Handbook of Procedures (vol.1) 2009-2014:-It has been decided that... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | CUSTOMS Notification No 66/2010 (NT), 15-07-2010, Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 Posted: 16 Jul 2010 04:15 PM PDT In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Declaration of Intent for claiming benefits of various schemes under Chapter 3 of FTP 2009-14 and mentioning of ITC [HS] Codes on Shipping Bills, mandatory requirements thereof Posted: 16 Jul 2010 04:08 PM PDT Attention is invited to Public Notice No. 82/2009-14 dated 16.7.2010. For export of goods exported from 1st January 2011 onwards, the Declaration of Intent for Claiming the benefits under Chapter 3 of FTP, in terms of Para 3.11.8 of FTP 2009-14 as... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Central Excise Circular No. 931/20/2010, 15-07-2010, Regarding classification of TEA fortified with Vitamins Posted: 16 Jul 2010 04:03 PM PDT Preparation of tea and preparation with the basis of tea are classifiable under the chapter heading 210120. Preparation of tea as well as preparation with a basis of tea is a product containing tea as one of the major component and has other added... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | |
