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, November 14, 2011
Download Latest Form 16, 16A, 27D, 24G in Excel Format for A.Y. 2011-12 and A.Y. 2012-13 Posted: 14 Nov 2011 07:52 PM PST Recently Income Tax department issued one after one circular making amendment in provisions related to TDS. Department has made so many amendments that we even lost the counts of amendments made in TDS laws during the last few months, Department has... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Regarding Customs Tariff classification of TV Tuners used with ADP machines of Harmonised Customs Tariff 8471 Posted: 14 Nov 2011 07:47 PM PST Circular No. 52/2011-Customs, Dated-11th November, 2011.- References have been received on divergent practices being followed by field formations regarding classification of TV tuners. It was reported that external TV tuners are being classified in... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| 2G scam – quantification of loss was not part of the objectives of the CAG audit and the final figure of Rs.1.76 lakh crore was at best a 'mathematical guess' Posted: 14 Nov 2011 07:41 PM PST NEW DELHI: The lead auditor of the 2G telecom audit today stuck to his stand that the loss due to spectrum allocation was Rs 2,645 crore and he had signed the final report on the alleged scam on the direction of his superiors. Appearing before the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Exposure Draft Guidance Note on Recognition Of Revenue By Real Estate Developers Posted: 14 Nov 2011 07:26 PM PST The following is the Exposure Draft of the Guidance Note on Recognition of Revenue by Real Estate Developers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Swiss regulator found loopholes in the banks' dealing with the foreign political figures. Posted: 14 Nov 2011 07:11 PM PST Amid mounting global pressure on Swiss banks to act against clients having illicit wealth, the country's financial market regulator has found loopholes in the banks'dealing with the foreign political figures. In one of the first-of-its-kind... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| ICAI Council Guidelines for Conversion Of CA Firms into LLPs Posted: 14 Nov 2011 06:49 PM PST In terms of the Council decision dated 14 July, 2011, following guidelines for conversion of CA firms into LLPs and constitution of separate LLPs by the practicing Chartered Accountants have been finalized which are applicable for conversion of CA... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Motor Vehicles Act 1988 – compensation should be adequate to restore the claimant in the position prior to the accident – SC Posted: 14 Nov 2011 06:29 PM PST Govind Yadav Versus The New India Insurance Company Limited (Supreme Court)- The compensation awarded by the Tribunal for pain, suffering and trauma caused due to the amputation of leg was meager. It is not in dispute that the appellant had remained... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| FCI not covered by clause (e) of Section 3 of the companies Act and acquisition of land by it can not be said as acquisition of land for 'company' Posted: 14 Nov 2011 06:20 PM PST The second contention of the learned senior counsel for appellants was that the acquisition of the appellants' land by the Government was for the purposes of the Corporation and the Corporation being a 'company' for the purposes of the Act, the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Under Section 15 of the Central Sales Tax Act Tax shall not be levied at more than one stage – Delhi HC Posted: 14 Nov 2011 06:02 PM PST We are of opinion that there is ample power under section 5A of the State Act enabling the Chief Commissioner to specify the single point at which tax may be levied in a series of sales. This can, however, be done by him only by a notification in... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Draft Real Estate (Regulation & Development) Bill, 2011 and Draft Model Property Rights to Slum Dwellers Act, 2011 Posted: 14 Nov 2011 05:39 PM PST The Draft Real Estate (Regulation & Development) Bill, 2011 seeks to establish a regulatory oversight mechanism to enforce disclosure, fair practice and accountability norms in the real estate sector, and to provide adjudication machinery for... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Draft Model Property Rights to Slum Dwellers Act, 2011 Posted: 14 Nov 2011 04:17 PM PST Kumari Selja, Minister of Housing & Urban Poverty Alleviation and Minister of Culture,has issued the Draft Model Property Rights to Slum Dwellers Act, 2011′ and Central Legislation for Street Vendors for public discussion in New Delhi.... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Post-Global Financial Crisis, Major Global Economies are Facing an Uphill Task in Engineering their Recovery Posted: 14 Nov 2011 12:33 PM PST The Union Finance Minister Shri Pranab Mukherjee said that India today is among the fastest growing economies and widely believed to be steadily on the course to occupy a place among the top three economies of the world by the year 2050. However,... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| ICSI – Online exemption test from compulsory computer training Posted: 14 Nov 2011 10:48 AM PST We wish to inform you that the Institute of Company Secretaries of India (ICSI ) has recently signed an agreement with M/s Sify Software Limited. As per the revised arrangement the online test for compulsory computer training of the students, which... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
| Orders Appointing Income Tax Ombudsmen in 5 cities Posted: 14 Nov 2011 05:30 AM PST The Department of Revenue, Ministry of Finance has, vide office order Nos. 299 to 303, all dated 8.11.2011 notified the appointments of Ombudsman at Bangaluru, Ahmedabad, Mumbai, Lucknow and New Delhi. OFFICE ORDER NO.303/2011-Ad.I (appointment of... [[ This is a content summary only. Visit www.taxguru.in for full article ]] |
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