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 | Company Law : Company Secretaries (Amendment) Act, 2011 - Notified date from which provisions of said Act shall come into force - NOTIFICATION NO.S.O.192(E), DATED 30-01-2012 Read More |  | Company Law : Cost & Works Accountants (Amendment) Act, 2011 - Notified date from which provisions of said Act shall come into force - NOTIFICATION NO.S.O.191(E), DATED 30-01-2012 Read More |  | Company Law : Chartered Accountants (Amendment) Act, 2011 - Notified date from which provisions of said Act shall come into force - NOTIFICATION NO.S.O.190(E), DATED 30-01-2012 Read More |  | IT/ILT : Section 144C of the Income-tax Act, 1961 - Dispute Resolution Panel (DRP) - Reference to - Constitution of DRP at specified places - ORDER NO. 1/FT&TR/2012 [F.NO. 500/15/2011-FT&TR-I], DATED 31-12-2011 Read More |  | IT : Section 143 of the Income-tax Act, 1961 - Assessment - General - Processing of returns of assessment year 2011-12 - Steps to clear backlog - INSTRUCTION NO. 01/2012 [F.NO.225/34/2011-ITA.II], DATED 02-02-2012 Read More |  | IT: Gold & Silver Rates; SBI Lending Rates Read More |  | SEBI : Offer for Sale of Shares by Promoters through the Stock Exchange Mechanism - CIRCULAR NO. MRD/DP/05/2012, DATED 01-02-2012 Read More |
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 | [2012] 18 taxmann.com 36 (MUM. - ITAT) IT : Where assessee-management consultant was organising conferences and sponsorship money was paid to it after conceptualisation of conferences, it could not be said that assessee had undertaken to organize said conference at instance of sponsors and, hence, provisions of section 194C(2) could not be invoked Read More |  | [2012] 18 taxmann.com 35 (BOM.) ST : Cenvat Credit : Procedural irregularity in not registering units with LTU authorities can be rectified to extend benefit of LTU scheme Read More |  | [2012] 18 taxmann.com 34 (DELHI) IT : No interest could be charged under section 234B where assessee had no liability to pay advance tax in view of fact that his entire income was subject to deduction of tax at source Read More |  | [2012] 18 taxmann.com 33 (INDORE - ITAT) IT : Section 54F exemption not available where builder not even allotted plot within 3 years Read More |  | [2012] 18 taxmann.com 22 (PUNE - ITAT) IT/ILT : Section 195(1) does not envisage deduction of tax at both instances, i.e., at time of credit of income to account of payee as well as at time of payment thereof Read More |  | [2012] 18 taxmann.com 21 (DELHI) IT : Proviso to section 201(1) is to be applied only to negate possibility of imposition of penalty under section 221 and it would not absolve an assessee from being considered as an assessee in default Read More |  | [2012] 18 taxmann.com 20 (DELHI - ITAT) IT : Where under Portfolio Management Scheme, there was frequent trading of huge quantity of shares to maximize profit, profits arising from sale/purchase of shares would be business profit Read More |
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 | Vodafone Analysed - The Supreme Court dealt with the interpretation of the provisions of section 9(1)(i) in Vodafone International Holdings B.V. v. Union of India [2012] 17 taxmann.com 202(SC). The facts of the case involved a holding company incorporated off... - - Read More |  | Taxability of software integrated with hardware - Experts' comment on CIT v. Sunray Computers (P.) ... - The recent decisions of the Karnataka High Court in the cases of CIT v. Samsung Electronics Co. Ltd. [2011] 16 taxmann.com 141 ('Samsung') and CIT v. Sunray Computers (P.) Ltd. [2011] 16 taxmann.com 268 ('Sunray') and of the Delhi High Cou... - UDAY VED, T.N. PANDEY & D.C. AGRAWAL Read More |  | Tribunal's President is not empowered to write ACR's of members - Section 252 of the Income-tax Act, 1961 - As per Section 252(5) "The Senior vice-President or a vice-President shall exercise such powers and perform such functions of the President as may be delegated to him by the President by a general ... - RAHUL DHAWAN, CA Read More |  | Transfer of a depreciable assets opens a Pandora's box - Prior to the assessment year 1988-89, the surplus over the written down value of the depreciable assets was partly taxable to the extent of depreciation allowed on the asset sold under section 41(2) and the excess over the cost as capital ... - S. RAJARATNAM, ADVOCATE & TAX MANAGEMENT CONSULTANT Read More |  | TDS & Shrink Wrapped Software - Experts' comment on CIT v. Samsung Electronics Co. Ltd. [2011] 16 t... - Taxation of software has been a matter of debate, both nationally as well internationally. The difficulty, in particular has been regarding the categorization of the revenue received from supply of software as 'royalty' or 'business income... - ARUN CHHABRA, MUKESH M. PATEL, JIGAR M. PATEL, D.C. AGRAWAL, T.N. PANDEY & S. RAJARATNAM Read More |
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