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.

CBI arrests ITO and CA in Bribery Case

Posted by kanoisandeep | Monday, October 24, 2011

India-Nepal DTAA to be expedited – FM

Posted: 23 Oct 2011 08:20 PM PDT

The Finance Minister of Nepal Mr Pun assured Shri Mukherjee about the safety and security of Indian businessmen visiting Nepal. He sought support of the Finance Minister Shri Mukherjee in completing various projects in Nepal. He also assured that...

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Kamal Nath directs DDA to examine latest SC order on General Power of Attorney issue

Posted: 23 Oct 2011 08:16 PM PDT

The other issues discussed at the meeting included, guidelines for Use conversion charges from residential to commercial on upper floor of markets, conversion to freehold without charging UEI (unearned Increase) in cases of transfer through will,...

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Union Finance Minister Shri Pranab Mukherjee's Address at the National Development Council Meeting

Posted: 23 Oct 2011 08:14 PM PDT

We have initiated two major steps in the area of tax reforms. The first pertains to the DTC and the second to the Goods and Services Tax (GST). The DTC Bill was introduced in August, 2011 and has been referred to the Parliamentary Standing...

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CBI arrests ITO and CA in Bribery Case

Posted: 23 Oct 2011 08:07 PM PDT

The Central Bureau of Investigation (CBI) on Wednesday arrested income-tax officer Ranjan Prakash and chartered accountant Vimal Patangia on the allegation that Mr Prakash demanded Rs. 1.5 lacs from the complainant through the CA concerned for...

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Need for Better Co-Ordination Between Monetary and Fiscal Policies for Improving Overall Economic Stability and Growth – FM

Posted: 23 Oct 2011 07:59 PM PDT

The Finance Minister Shri Pranab Mukherjee has said that the present global economic developments and more particularly the sovereign debt crisis of Europe has once again brought into focus the need for better co-ordination between monetary and...

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Service Tax – Revenue Department takes notice of 9 lakh entities stop filing returns

Posted: 23 Oct 2011 07:56 PM PDT

The Revenue Department has decided to cross check service tax returns in order to locate 9 lakh entities that have stopped filing returns. E -filing has been made mandatory from this year and the exercise of cross checking is likely to start after...

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Address delivered by the Chairman, CBEC at the valedictory function for workshop on capacity building for 'SEVOTTAM'

Posted: 23 Oct 2011 07:41 PM PDT

SEVOTTAM symbolizes the Government's intent to move from 'administration' mind set to 'service orientation' in delivery of public services. It emphasizes the relationship between service provider and service receivers. It is a standardized Services...

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Regarding Commercial construction/infrastructure development projects of road, airports, dams, tunnels etc, – levy of service tax on various service providers engaged / associated with such construction work

Posted: 23 Oct 2011 07:36 PM PDT

Circular No. 147/16/2011 – Service Tax , it apparent that in case the services provided by the sub-contractors to the main contractor are independently classifiable under Work Contract Service, then they too will get the benefit of exemption so...

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Regarding Implementation of 'On Site Post Clearance Audit'

Posted: 23 Oct 2011 07:31 PM PDT

Circular No. 47/2011-Customs, Dated- 20th October, 2011 Subject: Implementation of 'On Site Post Clearance Audit' – Regarding. CBEC has introduced the scheme of 'On Site Post Clearance Audit' or OSPCA at premises of importers and exporters' vide...

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Regarding levy of anti-dumping duty on MBTS in pursuance to suset Review investigation

Posted: 23 Oct 2011 07:26 PM PDT

Notification No.98 /2011-Customs,  dated the 20th October, 2011 G.S.R. 775 (E). -Whereas, the designated authority vide notification No. 15/09/2010-DGAD, dated the 26th July,2010, published in the Gazette of India, Extraordinary, Part I, Section 1,...

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Conditions for issue of import licenses of Rough Marble Blocks for the balance quantity for Financial year 2011-12

Posted: 23 Oct 2011 07:09 PM PDT

Notification No. 81(RE-2010)/2009-2014,  Dated: 21st October, 2011      Sub.:  Conditions for issue of import licenses of Rough Marble Blocks for the balance quantity for Financial year 2011-12. S.O. (E)      In exercise of powers conferred under...

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Regarding Eligibility of export product 'Technical Textiles' listed at FPS Product Code 33, Table-4, Appendix 37D of HBPv1

Posted: 23 Oct 2011 07:08 PM PDT

Policy Circular No. 42 (RE-2010)/2009-14 Only 33 items are eligible to get FPS benefit under heading 'Technical Textiles' as per Sr.No.33, of Table 4, Appendix 37D of HBPv1. The list of 33 items, so eligible, is in the Annexure to this Policy...

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National Savings Certificates (VIII Issue) Amendment Rules, 2011 – Amendment in rule 15A

Posted: 22 Oct 2011 09:46 PM PDT

NOTIFICATION NO.G.S.R. 744(E), DATED 4-10-2011 In exercise of the powers conferred by Section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the National...

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Kisan Vikas Patra (Amendment) Rules, 2011 – Amendment in rule 13A

Posted: 22 Oct 2011 09:43 PM PDT

NOTIFICATION NO.G.S.R. 743(E), DATED 4-10-2011 In exercise of the powers conferred by section 12 of the Government Savings Certificates Act, 1959 (46 of 1959), the Central Government hereby makes the following rules further to amend the Kisan Vikas...

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Post Office Time Deposit (Amendment) Rules, 2011 – Amendment in rule 9

Posted: 22 Oct 2011 09:41 PM PDT

NOTIFICATION NO.G.S.R. 742(E), DATED 4-10-2011 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office Time...

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Post Office (Monthly Income Account) Amendment Rules, 2011 – Amendment in rule 9A – NOTIFICATION NO. G.S.R. 741(E)

Posted: 22 Oct 2011 09:39 PM PDT

NOTIFICATION NO. G.S.R. 741(E), DATED 4-10-2011 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office...

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Post Office Recurring Deposit (Amendment) Rules, 2011 – Amendment in rules 6, 9, 9A and 11

Posted: 22 Oct 2011 09:36 PM PDT

NOTIFICATION NO.G.S.R. 740(E), DATED 4-10-2011 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend the Post Office...

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