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: 21 Jun 2013 06:22 PM PDT
Yesterday we wrote an article on my experience of E-filing of Tax audit report and received a very interesting question – Is there any need to file tax audit report u/s 44AD? I have analyzed the case and framed the following opinion:- 1. A proviso is added to rule 12(2) w.e.f. 01/04/2013 and the...
Posted: 21 Jun 2013 06:11 PM PDT
Business scandals involving high profile organizations such as Enron and WorldCom have rocked the corporate world and be-come front-page news. This has shaken consumer confidence in both business leaders and the economy, creating concern about business ethics and governance. As a result, corporate...
Posted: 21 Jun 2013 06:05 PM PDT
Chief Commissioner of Income-tax, Mumbai has vide Order No. 1 Dated 20.06.2013 made the transfer and posting of 48 officers in the grade of  Joint/ Additional Commissioners of Income-tax (Mumbai Region) with immediate effect unless specified otherwise :- Download Order No. 1 dated 20.06.2013
Posted: 20 Jun 2013 09:30 PM PDT
SEBI had passed an ad interim ex-parte order dated September 21, 2011, in the matter of market manipulation using GDR issues against several entities including Shri Arun Panchariya(hereinafter referred to as AP) and Pan Asia Advisors Limited (now known as Global Finance and Capital Limited). SEBI...
Posted: 19 Jun 2013 07:23 PM PDT
NOTIFICATION NO 64/2013 – Custom.,(N.T.), Dated: June 20, 2013 G.S.R. 390 (E). – In exercise of the powers conferred by sub – section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub – section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section...
Posted: 18 Jun 2013 07:42 PM PDT
Restructuring proposal of the Income-tax Department has been approved by Government on 23.05.2013 for the creation of a total 20,751 additional posts, and various measures to increase the effectiveness of the Department.

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