Service Tax department has now come with a innovative clarification on the subject of service Tax on the construction
UTILIZATION OF INFORMATION IN THE AIRs RELATING TO F.Y. 2007-08 & SUBSEQUENT YEARS
UTILIZATION OF INFORMATION IN THE ANNUAL INFORMATION RETURNS (AIRs) RELATING TO FINANCIAL YEAR. 2007-08 (ASSESSMENT YEA
Excise Duty notifications to reduce effective rate of excise duty from 10% to 8%
NOTIFICATION NO 4/2009-Central Excise,Dated : February 24, 2009In exercise of the powers conferred by sub-section (1) o
Company undergoing liquidation not liable to clear property tax
The Supreme Court last week ruled that the buyer of assets of a company in liquidation had no liability to clear the ar
Bharti gets Rs. 50 cr Income Tab bill for non-payment of tax
The Income Tax Department has slapped a bill of Rs50 crore on leading private telecom company Bharti Airtel for “non-pa
Service tax on Theatre owners on activity of screening of films supplied by Film Distributor
Circular No. 109/03/2009, dated 23-2-2009A query had been raised by the field formation as to whether the activity of s
Determination of annual value of a IInd house which is not let out
CASE LAW DETAILSDecided by: ITAT, AGRA BENCH, AGRAIn The case of: Ramesh Chand v. ITOAppeal No. : ITA NO. 171/AGR/2007D
Member-CAs to be punished if found guilty in Satyam scam:ICAI
Apex body of CAs, the Institute of Chartered Accountants of India said severe punishment would be meted out to its memb
Recovery of sales tax and recovery of dues to Public Works Department not permissible without consent of BIFR
.V.V. Paper Industries Ltd. vs. Commercial Tax Officer [(2008) 145 Comp. Cas 815 (Mad])The Petitioner Company became si
Computation of depreciation in cases covered by Rule 8 of Income Tax Rules, 1962
CASE LAW DETAILSDecided by: ITAT, AGRA BENCH, AGRAIn The case of: Ramesh Chand v. ITOAppeal No. : ITA NO. 171/AGR/2007D
Taxman gears up to move apex court on its tax claims of around Rs 2,000 crore
The Income Tax department is all set to move the Supreme Court for a final judgement on its tax claims of around Rs 2,0
Empanelment of CA Firms with Serious Fraud Investigation Office (SFIO)
Serious Fraud Investigation Office has invited applications from Chartered Accountants empanelled with the office of C&
Date which is material and relevant for purposes of computing limitation period in certain cases under IT Act
CASE LAW DETAILSDecided by: ITAT, PUNE BENCH `A’ : PUNEIn The case of: Prakash Bhalaji Bafna v. ACITAppeal No. : ITA NO
Bangalore IT park defrauds Rs 75.8cr to Income Tax Department
On paper, this tech park had 37 units functioning on its premises — all entitled to income tax concessions. What they t
Section 14A: Method for determining amount of expenditure in relation to income not includible in total income.
NOTIFICATION NO 45/2008, Dated: March 24, 2008In exercise of the powers conferred by Section 295 of the Income-tax read
Section 90 (3) DTAA Notification
NOTIFICATION NO. 91/2008, DATED 28-8-2008In exercise of the powers conferred by sub-section (3) of section 90 of the In
CBDT Circular on charitable institutions and mutual organisations
Exemption under section 11 in case of assessee claiming both to be charitable institutions as well as mutual organisati
AO directed to decide “jurisdictional issue” as a “preliminary issue” and assesee entitled to challenge the same
Where the assessee, a Dutch company, purchased shares of a Cayman Company (which in turn held shares of an Indian compa
Judgements not cited by parties during the hearing should not be referred to in deciding the appeal.
Where the ITAT decided the appeal against the assessee by relying on judgements that had not been cited by the Departme
No Permanent Establishment if only personnel supplied.
(1) Where a Malaysian company supplied technical personnel to the assessee (a Dutch company) on terms that the personne
Effect of retraction of statement of confession.
Where during FERA search proceedings the accused-appellant allegedly confessed to violations of the law and later filed
Sec 115JA assessment is not liable for advance tax interest u/ss 234B and 234C.
(i) Where an assessment is made u/s 115JA of the Act, an assessee is not liable to pay interest for non-payment/shortfa
Advances to sister concerns must be presumed to have come out of own funds and not borrowed funds.
Where the assessee had its own funds as well as borrowed funds and it advanced funds to its sister concerns for alleged
Reopening notice even if served after limitation period is valid.
Where the AO issued a notice under section 147 of the Act and also tried to serve it on the assessee within the limitat
“Sham” lease transactions cannot be given relief as “financial arrangements”.
(1) Where the AO disallowed part depreciation on bottles leased out by the assessee on the ground of “non-user” but the
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