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 |
Saturday, December 24, 2011
Online Public Search of Trade Marks before incorporation of Company Posted: 23 Dec 2011 04:58 PM PST In order to provide enhanced services to its stakeholders, MCA in a joined up service with the Trademark department has provided a facility for searching the trademark database before applying for Name availability. You can now use the link 'Public... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| If there is a bonafide mistake in calculation of service tax and same is made good by the Assessee, then penalty can not be imposed U/s. 75 and 78 Posted: 23 Dec 2011 04:28 PM PST Bajaj Travels Ltd Vs. Commissioner of Service Tax (Delhi HC)- The appellant submitted a detailed written reply dated 17th November, 2005. The defence was that it was paying service tax as per its bona fide understanding that the service tax was to... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Yes Bank hikes interest rate on savings deposits above one Lakh to 7% Posted: 23 Dec 2011 04:04 PM PST Buoyed by an over 30% spike in savings deposits after it increased the interest rate to 6% two months ago, private sector lender Yes Bank today again increased the same to 7% to further attract more such low-cost funds. [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Government withdaws Companies Bill, 2011 Posted: 23 Dec 2011 04:01 PM PST The government withdrew the Companies Bill and Pension Fund Regulatory and Development Authority Bill on Wednesday after the BJP opposed the first and coalition ally Trinamool Congress withdrew its support for the other. [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Delhi HC issues summons to Facebook, Google, Yahoo and Youtube for hosting objectionable content Posted: 23 Dec 2011 02:58 AM PST In yet another blow to 21 social networking sites including Facebook, Microsoft, Google, Yahoo and Youtube, a Delhi court today issued summons to them for facing trial for allegedly webcasting objectionable contents.Metropolitan Magistrate (MM)... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Bank not responsible for unauthorised use of your ATM Card Posted: 22 Dec 2011 10:02 PM PST A person cannot claim damages from bank if he fails to immediately block his lost ATM and money is unauthorisedly withdrawn by using the card, a district consumer forum has said. It said the bank would have been liable if the transaction of... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| CBDT Instructions regarding Effective date of passing of Examinations Posted: 22 Dec 2011 09:47 PM PST The CBDT Instruction F. No. A-32013/3/2000-Ad. VI dated 18.07.2000, wherein the date of passing the Examination was reckoned from the last date of the Examination, was modified by Instruction F.No. OA 542/1995/CAT Cuttack/2002/DIT/697 dated... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Farmer Associations Support FDI in Retail Posted: 22 Dec 2011 08:40 PM PST Farmers have reiterated their support for Cabinet's decision to allow FDI in Multi-Brand Retail. In a meeting with the Minister of Commerce, Industry and Textiles Shri Anand Sharma here today, Secretary General of Consortium of Indian Farmers... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Govt reduces MEP of Non-basmati Rice to Boost Export Posted: 22 Dec 2011 08:25 PM PST The EGoM in its meeting held on 9.2.2011 permitted the export of 1,00,000 MTs of Sona Masuri (from Chennai & Vishakhapatnam port), 25,000 MTs of Ponni Samba (from Tuticorin port) and 25,000 MTs of Matta rice (from Kochin port) which was... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| ICWAI invites comments on the initial draft of ICWAI XBRL Taxonomy for Cost Audit Report and Compliance Report Posted: 22 Dec 2011 08:21 PM PST The Institute is in the process of development of XBRL Taxonomy for Cost Audit Report and Compliance Report. The Institute has approved the release of initial draft of ICWAI XBRL Taxonomy for public comments. The proposed taxonomy may be modified in... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| FM Calls For Inclusive Development and More Investment in Infrastructure Sector Posted: 22 Dec 2011 08:18 PM PST The Union Finance Minister Shri Pranab Mukherjee has said that we need to make the development process more inclusive and also as a means to create sustained opportunities for growth in the country. He said that there is urgent need to improve the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]]
| Guidelines in pursuance of the SEBI KYC Registration Agency (KRA) Regulations, 2011 and for In-Person Verification (IPV) Posted: 22 Dec 2011 08:10 PM PST After doing the initial KYC of the new clients, the intermediary shall forthwith upload the KYC information on the system of the KRA and send the KYC documents i.e. KYC application form and supporting documents of the clients to the KRA within 10... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] |
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