No Section 14A / Rule 8D Disallowance Without Showing How Assessee Wrong – Delhi High Court

Service Tax on GTA – Assessee eligible for abatement as per Circular of DGST on tax paid without abatement and eligible for refund of excess paid with interest Posted: 20 Nov 2011 07:47 PM PST It is evident on a perusal of the relevant portion of the circular dated 27.7.2005, extracted hereinabove, that the declaration by the G.T.A. on the consignment note is not in mandatory terms, and is to the effect that such declaration by the G.T.A.... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Entry Tax Act in Punjab amended-an attempt to remove defects? Posted: 20 Nov 2011 05:34 PM PST Punjab Government has promuglated a new ordinance so as to amend the Punjab Tax on Entry of Goods into Local Areas Act, 2000. By this ordinance word 'Goods' in the said Act has been defined, section 3-A and section 4 of the said Act has also been... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Erection commissioning or installation Service – No Service Tax on laying of Plumbing, drain laying or other installations for transport of fluids etc before 16.5.2005 Posted: 20 Nov 2011 10:47 AM PST Section 65(39a) was amended by substituting vide Section 88 of the Finance Act, 2005, which is reproduced below. (39a)'erection, commissioning or installation' means any service provided by a commissioning and installation agency, in relation... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Services provided during Hindus' marriage ceremony not exempt from service tax Posted: 20 Nov 2011 06:03 AM PST The Hindus' marriage ceremony is not a religious but a social function and various kinds of service providers, including those erecting tents for it, are not exempted from paying service tax, the Delhi High Court ruled today. A bench of Chief... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Rs. 20 crore service tax netted from Mumbai builders Posted: 20 Nov 2011 12:16 AM PST The service tax department is conducting surveys on nine leading developers and has found that Rs50 crore worth of (service) tax has not been deposited with it despite the sum being collected from buyers. The amount is due since five months. Service... [[ This is a content summary only. Visit www.taxguru.in for full article ]] No Section 14A / Rule 8D Disallowance Without Showing How Assessee Wrong – Delhi High Court Posted: 19 Nov 2011 11:28 PM PST Maxopp Investment Ltd vs. CIT (Delhi High Court) - Even for the pre-Rule8D period, whenever the issue of section 14A arises before an Assessing Officer, he has, first of all, to ascertain the correctness of the claim of the assessee in respect of... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Download Simple Income Tax Calculator for A.Y. 2012-13, 2011-12, 2010-2011 Posted: 19 Nov 2011 11:01 PM PST We have attached herewith Income tax Calculator for Assessment year 2010-11, 2011-12 and 2012-13. The user have to select A.Y. for which he want to calculate Tax, Type of Assessee and have to input this taxable income in field provided. Once he... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Download Updated NSC Interest Rate Calculator in excel format Posted: 19 Nov 2011 10:52 PM PST Download Updated NSC Interest Rate Calculator in excel format which calculates NSC Interest for all the years. We just have to input the period in which investment is made and year for which we want to know the interest amount. [[ This is a content summary only. Visit www.taxguru.in for full article ]] Download Cost Inflation Indexed Cost Calculator in Excel Format Posted: 19 Nov 2011 09:41 PM PST We have given below the Cost Inflation (CII) Index calculator which automatically calculates Indexed cost of your asset. In the calculator You just have to fill the Year of Sale, Year of Purchase , Cost of Purchase/Acquisition/Improvement and Index... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Service Tax – When tax with interest is paid u/s. 73(3), no noticefor recovery of penalty under Sec. 76 to be issued Posted: 19 Nov 2011 09:13 PM PST The assessee has paid both the service tax and interest for delayed payments before issue of show cause notice under the Act. Sub-Sec.(3) of Sec. 73 of the Finance Act, 1994 categorically states, after the payment of service tax and interest is made... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Reopening under section 147 For Lapse Of AO Invalid – Delhi High Court Posted: 19 Nov 2011 09:10 PM PST Atma Ram Properties Pvt Ltd vs. DCIT (Delhi High Court) - In the present case, as already noticed, the Income-tax Officer, Azamgarh, subsequent to the completion of the original assessment proceedings, on making an enquiry from the jurisdictional ... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Infosys launches XBRL filing solution to help companies file financial statements Posted: 19 Nov 2011 08:26 PM PST Country's second largest software exporter Infosys today announced the launch of XBRL filing solution to help companies file their financial statements in the format mandated by the Ministry of Corporate Affairs. [[ This is a content summary only. Visit www.taxguru.in for full article ]] Inter-Ministerial Committee to Look into the Issue of Misleading Advertisements Posted: 19 Nov 2011 08:22 PM PST In view of large number of consumer complaints, the Government is considering setting up an inter-ministerial committee to look at ways and means to check false and misleading advertisements effectively. This was stated by PROF. K.V. THOMAS while... [[ This is a content summary only. Visit www.taxguru.in for full article ]]