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.

Online Empanelment with Punjab & Sind Bank for Concurrent Audit for CA firms
Posted: 17 Jun 2013 07:51 PM PDT
APPLICATION FOR ASSIGNMENT OF CONCURRENT AUDIT FOR CHARTERED ACCOUNTANT FIRM IN PUNJAB & SIND BANK   (Only Online Applications will be considered. Applications submitted in other form including Hard copy or through e-mail will not be entertained. Prior to filling up application please go...
Posted: 17 Jun 2013 07:34 PM PDT
Amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.6/2013-Service Tax, dated the 18th April, 2013 Notification No. 11/2013 – Service Tax, Dated  13th June, 2013 G.S.R. 373(E).- In exercise of the powers conferred by sub-section (1)...
Posted: 17 Jun 2013 07:22 PM PDT
Railways to Launch Ticket Booking through Non-Internet based Mobile Phones with Effect from 1st July 2013 With an aim to further facilitate the passengers, Indian Railways Catering & Tourism Corporation (IRCTC),a public Sector Undertaking of the Ministry of Railways, will be launching a pilot...
Posted: 17 Jun 2013 07:06 PM PDT
While our endeavour would be to promote voluntary compliance and provide a hassle-free service to the honest tax payers, we would also need to focus on non-filers and stop-filers in order in order to enhance the tax base and augment tax collection. We aim at achieving a tax regulation regimen in...
Posted: 17 Jun 2013 06:48 PM PDT
What is VCES? What is the effective date for implementation of the VCES? Who are eligible to apply under VCES? Who are ineligible to apply under VCES? What is the scope of Section 106 (2)(a)(iii) of the Finance Act, 2013? Whether a service provider who is not registered can apply under the VCES?
Posted: 17 Jun 2013 06:33 PM PDT
In simple words, the assessee who is required to furnish the tax audit report for AY 2013-14 shall submit the tax audit report electronically. The following steps should be followed for filing the tax audit report electronically.
Posted: 17 Jun 2013 06:19 PM PDT
Section 40(a)(iia) of Income Tax Act, 1961 deals with non compliance of provision of TDS where payment is made to a Resident. Any interest, commission or brokerage, Rent, Royalty, fees for professional services or, fees fir technical services payable to a resident, or amounts payable to a...
Posted: 17 Jun 2013 12:24 PM PDT
Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity...
Posted: 17 Jun 2013 12:15 PM PDT
TRAI Reduces National Roaming Tariff Ceilings, Permits Customised Tariffs Through Special Tariff Vouchers for National Roamers and Mandates Free National Roaming Plans TRAI has reduced ceilings for national roaming calls and SMS and instituted a new regime for providing flexibility to telecom...
Posted: 17 Jun 2013 11:51 AM PDT
The President of India is pleased to appoint Ms. Sudha Sharma, Member, Central Board of Direct Taxes as Chairperson of the Ceuta" Board of Direct Taxes (CBDT) in the Department of Revenue, Ministry of Finance in the pay scale of Rs. 80,000/- (fixed) with the status of Special Secretary to the
Posted: 16 Jun 2013 01:19 AM PDT
The Mumbai Bench found that short deduction of TDS, if any, could have been considered as liability under the Income-tax Act as due from the assessee. Therefore, the disallowance of the entire expenditure, whose genuineness was not doubted by the assessing officer is not justified. A similar view...



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