Income Tax - UN-NECESSARY LITIGATION ON PROCEDURAL ASPECTS LIKE FILING OF...
Un-necessary litigation by revenue on procedural aspects- the ultimate aim should be to compute income and tax liability as per law. Relevant links and references Commissioner of Income-tax v. Shree...
View ArticleCenvat Credit - SEZ AND CENVAT CREDIT
W.e.f. 1.3.2011, Rule 6(6A) had been inserted in Cenvat Credit Rules, 2004 to allow provision of services without payment of service tax to a unit in SEZ or to a developer in SEZ for their authorized...
View ArticleIncome Tax - Co-owners - commercial rent exemption available for each owner.
Co-owners of immovable property must be separate assessee for all purposes including service tax -reverse charge method can be more effective in relation to renting of properties. Co-owners of building...
View ArticleShri P. Chidambaram Unveils National Skill Certification and Monetary Reward...
Shri P. Chidambaram Unveils National Skill Certification and Monetary Reward Scheme
View ArticleWelcome remarks by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at...
Welcome remarks by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the release of Reserve Bank of India s History Volume IV by Prime Minister Dr. Manmohan Singh in New Delhi on August 17, 2013
View ArticlePM Releases Fourth Volume of RBI History (1981-1997)
PM Releases Fourth Volume of RBI History (1981-1997)
View ArticleCases of Fraud and Cheating by the Chit Fund Companies
Cases of Fraud and Cheating by the Chit Fund Companies
View ArticleMeasures to Check the Incidents of Vanishing Companies
Measures to Check the Incidents of Vanishing Companies
View ArticleInvestigations by the Serious Fraud Investigation Office
Investigations by the Serious Fraud Investigation Office
View ArticleSpending on Corporate Social Responsibility by Companies
Spending on Corporate Social Responsibility by Companies
View ArticleAuction for Sale (Re-Issue) of Government Stocks
Auction for Sale (Re-Issue) of Government Stocks
View ArticleVAT and Sales Tax - Section 19(11) of TNVAT was a valid piece of legislation,...
VAT and Sales Tax - Section 19(11) of TNVAT was a valid piece of legislation, cannot be struck down as being either unreasonable or discriminatory and violative of Article 265 and 360A of the...
View ArticleIncome Tax - Assessing Officer has every right to look into the genuineness...
Income Tax - Assessing Officer has every right to look into the genuineness of expenses claimed by the assessee and in the absence of non production or inadequate documentary evidence in support of...
View ArticleIncome Tax - Deemed dividend u/s 2(22)(e) - A.O. made addition on account of...
Income Tax - Deemed dividend u/s 2(22)(e) - A.O. made addition on account of debit balance of account - the account is clearly in the nature of a running current account and merely because for a few...
View ArticleIncome Tax - Penalty u/s 271(1)(c) - Application for reduction of penalty u/s...
Income Tax - Penalty u/s 271(1)(c) - Application for reduction of penalty u/s 273A - long term capital gain was not declared in the regular return of income by these assessees and the same was declared...
View ArticleIncome Tax - Validity of assessment proceedings - Assessment on Amalgamated...
Income Tax - Validity of assessment proceedings - Assessment on Amalgamated company - Assessment on a company which has been dissolved and struck off the register of companies u/s 560 of the Companies...
View ArticleIncome Tax - Depreciation on lease assets given to Konkan Railway Corporation...
Income Tax - Depreciation on lease assets given to Konkan Railway Corporation Ltd - the transaction in question is finance lease and not operating lease. - no depreciation on asset will be allowed...
View ArticleIncome Tax - Selling of trees which were grown spontaneously for which there...
Income Tax - Selling of trees which were grown spontaneously for which there is no cost of acquisition - sale of trees grown spontaneously has to be treated as capital in nature and since there is no...
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