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Breaking News

  • Where source, identity and capacity of donor has been established and confirmed, question of application of section 68 of the Income-tax Act does not arise
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  • Per diem allowances paid to pilots and payments made to hotels for their stay would be liable to Fringe Benefit Tax (FBT)
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  • A mere rejection of claim of assessee by relying on different interpretations does not amount to concealment of particulars of income or furnishing inaccurate particulars of income by assessee
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  • Service tax exemption to outdoor catering service provided by an NGO registered under any Central/State Act, under the Centrally assisted Mid-Day Meal Scheme
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  • Direct Taxes Code, 2010
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  • Dishonour/Return of Cheques - Need to Mention the 'Date of Return' in the Cheque Return Memo
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  • Time limit for filing ITR-V for assessment year 2009-10 extended
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  • A del credere agent is included in category of a business auxiliary service only w.e.f. 16-6-2005 & not prior to that
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  • Tribunal has ample power to condone delay in filing appeal including the one filed under section 35E(4) of Central Excise Act, 1944
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  • Ignorance of law cannot be a ground to condone delay; every assessee is duty bound to know provisions of law
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  • Takeover Code: Unless there is a target company, substantial acquisition of whose shares etc. is common objective or purpose of two or more persons coming together there can be no “persons acting in c...
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