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 |
Monday, October 24, 2011
Empanelment of CA/ICWA for Special audit of Service Tax assessees Posted: 24 Oct 2011 08:57 PM PDT The Service Tax department proposes to order for conduct of special audit of Service Tax Assessees by the Chartered Accountant and Cost Accountants under Section 14AA of the Central Excise Act, 1944, as made applicable to Service Tax under Section... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| 'Input Tax Credit' Under the Punjab Value Added Tax Act, 2005 Posted: 24 Oct 2011 07:52 PM PDT Recently the Hon'ble Judges of the Hon'ble Punjab & Haryana High Court has clinched the issue by passing a landmark judgment reported in 40 PHT, page 145 regarding denial of input tax credit by the Assessing Authority on the ground that the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Liability of revenue to pay interest u/s. 11BB commences from date of expiry of three months from date of receipt of application for refund not on expiry of said period from date on which order of refund is made – SC Posted: 24 Oct 2011 07:29 PM PDT Ranbaxy Laboratories Ltd. Vs. Union of India & Ors (Supreme Court) Issue – The question is whether the liability of the revenue to pay interest under Section 11BB of the Act commences from the date of expiry of three months from the date... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| New PAN Application Form 49AA for resident/non-resident Individual, LLP, Company, Firm, AOP, BOI Posted: 24 Oct 2011 06:33 PM PDT Income Tax Department has released a New PAN application Form No. 49AA for Individuals not being a citizen of India, LLP registered outside India, Company registered outside India, Firm formed or registered outside India, Association of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Income Tax Department set up special cell to track taxpayers who are 'untraceable' or have reported inadequate assets to pay back tax demands Posted: 24 Oct 2011 04:45 PM PDT Stepping up measures to recover over Rs 1,00,000 crore of unpaid taxes, the Income Tax (I-T) Department has set up a special cell to track taxpayers who are "untraceable" or have reported inadequate assets to pay back tax demands. The... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| No lawyer, No hearing, No appeal; Court should not decide a criminal case against the accused in the absence of his counsel -SC Posted: 24 Oct 2011 03:59 PM PDT MD. Sukur Ali Vs State of Assam (Supreme Court) - In Maneka Gandhi vs. Union of India AIR 1978 SC 597, it has been held by a Constitution Bench of this Court that the procedure for depriving a person of his life or liberty should be fair,... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| What was wrong if I recorded your guilt in advance – Judge Posted: 24 Oct 2011 01:16 PM PDT New Delhi, Oct 24 : Special CBI Judge O P Saini today expressed his displeasure against the high-profile accused in 2G spectrum scam case for making a hue and cry over his decision to record in advance that they were not pleading guilty and face the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| LLP – Reminder for For filing Form 8 and Form 11 Posted: 24 Oct 2011 12:41 PM PDT All LLPs registered upto 30-September-2010 have to mandatorily close the financial year as on 31-03-2011 and file Form-11 by 30-May-2011 and Form-8 by 30- October-2011. LLPs registered from 01-10-2010 to 31-03-2011 have option either to close... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| ORDER NO. 174 OF 2011- Ad. VI.(Promotion and transfer/posting of CCITs) Posted: 24 Oct 2011 12:02 PM PDT F.No. A-32011/01/2011-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 24th October, 2011 ORDER NO, 174 OF 2011 The following transfers/postings in the grade of Chief Commissioner... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Reporting format under Regulation 11 of Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 Posted: 24 Oct 2011 11:36 AM PDT Regulation 11 of MIMPS Regulations inter alia prescribes certain obligations on the recognised stock exchanges pertaining to their shareholding including submission of a report to SEBI within 15 days from the end of each quarter. In this regard, it... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| ICAI – All about Conversion from PCC to IPCC Posted: 19 Oct 2011 07:35 PM PDT Whether a student of Professional competence Course can apply for conversion to Integrated Professional Competence Course? Ans. Yes. A student of PCC can apply for conversion to IPCC in the prescribed form [can be downloaded from... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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