http://www.taxmann.comBreaking News on taxmann.com.Copyright 2008 - 2009 taxmann.com. All rights reserved.Powers, functions and jurisdiction of Dispute Resolution Panel at Headquarters Delhi and Mumbai<br> <b> Statutes (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn112_1.htmThursday, 11 Mar 2010 17:17Payment towards VSAT/Transaction charges made by a Stock Broker to Stock Exchange is not fee for technical services u/s 194J<br> <b> From ITAT (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn11-3-10_3.htmThursday, 11 Mar 2010 14:57Section 8(1)(h)/(j) of RTI Act, 2005 cannot be applied to claim exemption from disclosure of information, provided by an assessee to Department for purposes of income-tax assessment, to third party<br> <b> From SC/HC (Corporate Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn11-3-10_2.htmThursday, 11 Mar 2010 14:54It is wrong to disallow first year’s brought forward expenditure of a project in second year by branding it as ‘prior period expenditure’ because unless entire expenditure is considered at the end of project correct amount of profit cannot be finally determined<br> <b> From ITAT (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn11-3-10_1.htmThursday, 11 Mar 2010 14:53New Tax Code should retain exemptions to SEZs: Commerce Ministry<br> <b> News (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashnews10-3-10_2.htmWednesday, 10 Mar 2010 14:50Long-term Capital Gains may make it to DTC regime<br> <b> News (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashnews10-3-10_1.htmWednesday, 10 Mar 2010 14:50Amounts falling under Section 44BB of I.T. Act have been excluded from the purview of the royalty definition<br> <b> From AAR (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn10-3-10_3.htmWednesday, 10 Mar 2010 12:40Indo-US Treaty: Orientation towards business and inculcation of entrepreneurial outlook does not really amount to “making available” technical knowledge, experience or skills of experts of an American IC2 Institute<br> <b> From AAR (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn10-3-10_2.htmWednesday, 10 Mar 2010 12:39Indo-UK DTAA: Receipt in nature of referral fee for rendering referral services by applicant-British Company from Indian based recruitment company cannot be subjected to tax as business profits in view of provisions of Treaty<br> <b> From AAR (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn10-3-10_1.htmWednesday, 10 Mar 2010 12:37Interest on loan taken for repayment of earlier loan taken for business purposes is not allowable u/s 24(1)(vi)<br> <b> From ITAT (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn8-3-10_3.htmMonday, 08 Mar 2010 19:06Depreciation : Requirement of second proviso to rule 5(1A) of IT Rules is satisfied if option is exercised before expiry of due date of filing of return of income u/s 139(1) of IT Act, 1961<br> <b> From ITAT (Direct Tax Laws)</b>http://www.taxmann.com/TaxmannFlashes/flashbn8-3-10_2.htmMonday, 08 Mar 2010 19:00