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.

TaxGuru.in : Legal & Tax Updates

Posted by kanoisandeep | Sunday, January 30, 2011

 

TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

ICAI Convocation II -2010 For The Newly Enrolled Members For The Period From March 2010 To August 2010

Posted: 29 Jan 2011 10:38 AM PST


Convocation II -2010 - 28-01-2011 nbsp The Convocation for the newly enrolled Members for the period from March 2010 to August 2010 will be held as per schedule given below with a view to inculcate a sense of belongingness

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Switzerland To Share Tax Information With India- Official

Posted: 29 Jan 2011 09:22 AM PST


Dismissing the perception that Switzerland is a tax haven a senior Swiss government official today expressed hope that the revised tax avoidance treaty with India will be ratified during the year following which Swiss authorities

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

List Of CA Institute S Publications Relevant For May 2011 Examination

Posted: 29 Jan 2011 07:08 AM PST


LIST OF INSTITUTE S PUBLICATIONS RELEVANT FOR MAY 2011 EXAMINATION nbsp The following List of Institute s Publications is relevant for the forthcoming examination i e May 2011 Students may kindly take it into considerati

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Priyanka Chopra Has Unaccounted Assets Worth Rs 6 Crore - IT Dept

Posted: 29 Jan 2011 05:36 AM PST


Mumbai The Income Tax raid at Priyanka Chopra s premises has revealed that the Bollywood actor has unaccounted assets worth Rs six crore a senior official said today Primarily of what we have scrutinised we have found that assets

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Report For Members Completing Minimum CPE Hours Requirement In The Three Year Block Period 2008-2010

Posted: 29 Jan 2011 01:31 AM PST


For Information of the Members List of members holding COP excluding senior members 65years of age and above who have completed the minimum prescribed requirement of CPE hours for the calendar years 2008 2009 and 2010 The members

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

President S Message - February 2011

Posted: 29 Jan 2011 01:30 AM PST


Dear All Let me start my message with the words of a Gandhian Nobel Peace Laureate Martin Luther King Jr Let us not wallow in the valley of despair I say to you today my friends And so even though we face the difficulties of to

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI Inks MoU To Train Accountants In UAE

Posted: 29 Jan 2011 01:24 AM PST


DUBAI Institute of Chartered Accountants of India ICAI has signed an MoU with an Abu Dhabi-based research institute to train mid-rank accountants in the UAE ICAI and Centre of Excellence Research and Training CERT the comme

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Katrina Kaif Claims No Unaccounted Income Or Unaccounted Lockers Declared

Posted: 28 Jan 2011 11:20 PM PST


Ms Katrina Kaif is a rather pained woman The IT tax raids and the unsavoury publicity notwithstanding Kaif is rather miffed over tabloids tinting her a slimy tax evader And this whole talk of her unaccounted moolah running into

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

No VDIS Scheme For Those Who Stashed Black Money Abroad Gove Clarifies

Posted: 28 Jan 2011 11:06 PM PST


The government said it has no plans to bring out a tax amnesty scheme to lure black money stashed away in foreign accounts The finance ministry made this submission before Parliament s standing committee on finance nbsp Finan

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Upcoming Changes To PayPal User Agreement For India With Effect From 1 March 2011

Posted: 28 Jan 2011 10:54 PM PST


With effect from 1 March 2011 Paypal Account holder in India are required to comply with the requirements set out in the notification of the Reserve Bank of India governing the processing and settlement of export-related receipts f

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Women Power Comes To The Fore - ICAI

Posted: 28 Jan 2011 01:57 AM PST


Institute of Chartered Accountants of India president Amarjit Chopra today said women taking up accounting profession have increased recently Addressing the members of the local chapter Chopra said nearly 40 per cent of the 6 lakh stu

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Civil Court S Jurisdiction In Respect Of SARFAESI Proceedings

Posted: 28 Jan 2011 12:14 PM PST


The object of SARFAESI Act 2002 is to enable the Banks to recover their dues without resorting to Civil Court for obtaining decree and consequential execution in accordance with the provisions of Civil Procedure Code It is known fact

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Reopening U S 148 Without Service Of Reasons To The Assessee Before The Expiry Of Period Of 6 Years Renders Reopening Invalid

Posted: 29 Jan 2011 09:12 AM PST


As the issuance of the s 148 notice and the communication and furnishing of reasons go hand in hand the reasons have to be supplied to the assessee before the expiry of period of 6 years If this is not done the validity of the s 1

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Transfer Pricing - Reimbursement Of Incentive Paid To Employees Through Indian Co

Posted: 29 Jan 2011 05:57 AM PST




[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Once The Tax Is Deducted At Source The Same Cannot Be Levied Once Again On The Assessee Who Has Suffered The Deduction

Posted: 28 Jan 2011 11:03 PM PST


From the language of section 205 it is clear that once the tax is deducted at source the same cannot be levied once again on the assessee who has suffered the deduction Once it is established that the tax has been deducted at sourc

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Procedure Regarding Transfer Transshipment Of Cargo

Posted: 29 Jan 2011 10:34 AM PST


Circular No 8 2011-Customs nbsp 28th January 2011 Subject Procedure regarding Transfer Transshipment of cargo regarding Sir Madam nbsp Attention is invited to Board Circular No 6 2007-Customs dated 22 01 200

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

CUSTOMS Notification No 04 2011- Further Amends Notification No 21 2002 Customs Dated 1st March 2002

Posted: 29 Jan 2011 10:27 AM PST


New Delhi the 27th January 2011 nbsp Notification No 4 2011-CustomsG S R nbsp nbsp nbsp E - In exercise of the powers conferred by sub-section 1 of section 25 of the Customs Act 1962 52 of 1962 the Central Government

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Customs Notification No 03 2011- Further Amends Notification No 153 2009-Customs Dated 31st December 2009

Posted: 29 Jan 2011 10:24 AM PST


Notification No 3 2011-Customs New Delhi dated the 24th January 2011 nbsp G S R nbsp nbsp 716 nbsp E - In exercise of the powers conferred by sub-section 1 of section 25 of the Customs Act 1962 52 of 1962 the Cen

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Rate Of Exchange Of Conversion Of Each Of The Foreign Currency With Effect From 1st February 2011

Posted: 29 Jan 2011 10:10 AM PST


Notification No 6 2011 Customs N T Dated the 27th January 2011 nbsp S O nbsp nbsp nbsp nbsp nbsp nbsp E In exercise of the powers conferred by section 14 of the Customs Act 1962 52 of 1962 and in supers

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Notification No 5 2011-Customs N T - Appoints Common Adjudicating Authority

Posted: 29 Jan 2011 10:04 AM PST


Notification No 5 2011-Customs N T New Delhi dated the 27th January 2011 S O E In exercise of the powers conferred by sub-section 1 of section 4 of the Customs Act 1962 52 of 1962 the Central Board of Excise

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Notification No 4 2011-Customs N T - Appoints Common Adjudicating Authority

Posted: 29 Jan 2011 10:00 AM PST


Notification No 4 2011-Customs N T New Delhi dated the 27th January 2011 nbsp S O E In exercise of the powers conferred by sub-section 1 of section 4 and sub-section 1 of section 5 of the Customs Act 1962 52

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

CUSTOMS Notification No 03 2011 NT - Appoints Common Adjudicating Authority

Posted: 29 Jan 2011 09:55 AM PST


Government of India Ministry of Finance Department of Revenue nbsp Notification No 3 2011-Customs N T nbsp New Delhi dated the 27th January 2011 nbsp S O E In exercise of the powers conferred by sub

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Regarding Amendment In Para 60 And 72 6 Of The Employees Provident Fund Scheme 1952

Posted: 29 Jan 2011 08:59 AM PST


Regarding Amendment in para 60 and 72 6 of the Employees Provident Fund Scheme 1952 nbsp MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi the 15th January 2011 nbsp G S R 25 E In exercise of the power

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Alphabetical Jurisdiction Of Service Tax Mumbai

Posted: 27 Jan 2011 10:02 PM PST


Contains the jurisdiction of Service tax Mumbai Circle based on the name of the assessee alphabetically and Groupwise required for online registration

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

UPDATES FROM TAXGURU