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: 05 Jul 2013 07:28 PM PDT
INSTRUCTION NO.4/2013 , DATED 5-7-2013 Hon'ble Delhi High Court vide judgment in case of Court On its Own Motion vs. UOI and j Ors- in W.P. (C) 2659/2012 dated 14.03.2013 has issued Seven Mandamus for necessary action by income-tax Department one of which is regarding non-enforcement of...
Posted: 05 Jul 2013 07:26 PM PDT
INSTRUCTION NO.3/2013, DATED 5-7-2013 Hon'ble Delhi High Court vide Judgment in case of Court On its Own Motion v. UOI and Ors. in W.P. (C) 2659/2012 dated 14.03.2013 has issued several Mandamuses for necessary action by income-tax Department one of which is regarding maintenance of...
Posted: 05 Jul 2013 07:04 PM PDT
Clarification Regarding Applicability of SA 700 on Tax Audit Report under Section 44AB of The Income-Tax Act, 1961. As the members are aware that all audit reports in respect of audits of financial statements for period beginning on or after 1st April 2012 are to be issued in accordance with the...
Posted: 05 Jul 2013 07:00 PM PDT
Revenue Secretary Assures Trade and Industry Associations that their Concerns with Regard to Service Tax Voluntary Compliance Encouragement Scheme 2013 will be Duly Addressed The Revenue Secretary, Shri Sumit Bose said that the concerns of the industry relating to Service Tax Voluntary Compliance...
Posted: 05 Jul 2013 02:38 AM PDT
Dr. Sanjiv Agarwal It has been over three years of high volatility for the Indian stock markets, influenced by key events that occurred (and continue to do so) during the period, both on the domestic and global arena. Retail investors have also reacted to the market volatility and poor returns,...
Posted: 04 Jul 2013 09:30 PM PDT
NOTIFICATION 5th July, 2013 No. 13-CA (EXAM)/N/2013: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate (IPC) and Final examinations will be held on the dates given...
Posted: 04 Jul 2013 09:30 PM PDT
5h July, 2013 – No.13-CA (EXAM)/CPT/December/2013: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to  notify that the Common Proficiency Test will be held on Sunday, 15th December, 2013 in...
Posted: 04 Jul 2013 06:22 PM PDT
NOTIFICATION NO. 27 (RE-2013)/2009-2014 NEW DELHI, THE  5th JULY, 2013 Subject: Amendment in the Import Policy of Electrical Energy under Exim Code 2716 00 00. S.O. (E): In exercise of powers conferred under Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph...
Posted: 04 Jul 2013 12:01 PM PDT
Place of Arbitration 8.1 The Stock Exchanges (SEs) having nationwide terminals, shall provide arbitration facility (i.e arbitration as well as appellate arbitration) atleast at all centres specified by SEBI from time to time. However, the SEs having nationwide terminals may provide arbitration...
Posted: 04 Jul 2013 11:58 AM PDT
 CIRCULAR NO. CIR/MRD/ICC/21/2013 , Dated- 05.07.2013 The Managing Director/Executive Director, All Stock Exchanges with nation-wide terminals Dear Madam/Sir, Subject: Arbitration Mechanism in Stock Exchanges 1. Reference may be made to circulars no. CIR/MRD/DSA/24/2010 dated August 31,2010,...

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