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.

Composition Scheme for on-going works contract prior & post 1st July, 2012

Posted by kanoisandeep | Monday, December 03, 2012

Foreign Companies/Firms having issues in registration on Income Tax Website – FAQ

Posted: 02 Dec 2012 07:30 PM PST

The Principal Contact is a Foreigner/Non-resident and does not have a PAN and hence, not able to register in the new e-Filing Application. What should be done? As per CBDT guidelines, Foreigners without PAN is allowed to be an authorized signatory and can file on behalf of the Company/Firm without...

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Cheque signature mismatch may lead to criminal proceedings – SC

Posted: 02 Dec 2012 06:59 PM PST

SCset aside verdict of GujaratHC which had held that criminal proceedings for dishonouring of cheque can be initiated only when the cheque is dishonoured because of lack of sufficient amount in the bank account and not in case where a cheque is returned due to mismatch of signature of account...

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Step-wise procedure for adjustments of Income Tax Refunds

Posted: 02 Dec 2012 06:12 PM PST

With regard to the adjustment of refunds against the outstanding demands, various communications have been issued in the past. A brief reference of the same is as under:

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Composition Scheme for on-going works contract prior & post 1st July, 2012

Posted: 02 Dec 2012 05:36 PM PST

We are sharing with you FAQ on Works Contract Composition scheme w.e.f 1st July, 2012 and analysis of an important recent judgment of the Hon'ble Supreme Court in the case of M/s Nagarjuna Construction Company Ltd. Versus Government of India & ANR [2012-TIOL-107-SC-ST] on the following...

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Getting error in loading new I T E-filing Website?

Posted: 02 Dec 2012 05:21 PM PST

New website of income tax e-filing can't be loaded on many computers where the Windows XP is installed. The error occurs with message Invalid Certificate or with some other wordings in different browsers.

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Govt should act as model employer -SC

Posted: 02 Dec 2012 04:47 PM PST

We have stated the role of the State as a model employer with the fond hope that in future a deliberate disregard is not taken recourse to and deviancy of such magnitude is not adopted to frustrate the claims of the employees. It should always be borne in mind that legitimate aspirations of the...

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Posting Policy for posting of officers in the Directorates of International Taxation & Transfer Pricing

Posted: 02 Dec 2012 11:06 AM PST

The Department's Annual General Transfer Pricing Policy shall apply for selection of officers for being posted in the Directorates of International Taxation &. Transfer Pricing subject to the condition that:

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Compliance Report and Cost Audit Report to be filed using XBRL mode

Posted: 02 Dec 2012 10:31 AM PST

Filing of cost audit report with Central Government.- Every cost auditor or every lead cost auditor on behalf of all the cost auditors of a company, has to file its cost audit report and other documents as required under sub-section (4) of section 233B of the Act, and rules made thereunder with the...

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Notification No. 106/2012 – Customs (N. T.), Dated -30th, November, 2012

Posted: 29 Nov 2012 07:13 PM PST

Notification No. 106/2012 – Customs (N. T.),  New Delhi, 30th, November, 2012  In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do,...

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Seeks to extend the validity of Notification No. 98 /2008-Customs dated 27th August, 2008 for a further period of one year, i.e up to and inclusive of 28th November, 2013

Posted: 28 Nov 2012 07:21 PM PST

New Delhi, dated 29th November, 2012 Notification No.50 /2012-Customs (ADD) G.S.R.     (E). –Whereas the designated authority vide notification No. 15/12/2012-DGAD, dated the 22nd November, 2012, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 22nd November, 2012 has...

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