Date |
SMS |
| 30-Jul-10 |
India concludes renegotiation of DTAA with Switzerland: FM tells LS |
| 31-Jul-10 |
Rs 75500 Cr income tax arrears against MNCs - Rs 9748 Cr recovered last fiscal: MoS(R) |
| 30-Jul-10 |
Income tax - Penalty u/s 271(1)(c) - Can penalty be levied for mere failure to substantiate claims made and explanation offered - Partly YES, says ITAT |
| 28-Jul-10 |
Wealth tax - Commercial complex was taxable prior to amendment in provisions of Sec 2(e)(a) - Amendment is prospective: ITAT |
| 28-Jul-10 |
Import of Motor Cycles in CKD condition - eligible for exemption - CKD in context of motorcycles also includes parts like engine assembly: Advance Ruling |
| 27-Jul-10 |
I-T - Is share-broker entitled to deduction of bad debts, not recovered from clients for transactions effected on their behalf - Yes: ITAT Spl Bench |
| 27-Jul-10 |
Intaxication at Apex Level - Revenue wins hands Down - Seagram loses Sober war
|
| 26-Jul-10 |
CBEC wins mega Customs Valuation Related parties case - Supreme Court gives new hue to interpretation of rule 5 & 6; Seagram India to pay hundreds of crores of Customs duty |
| 26-Jul-10 |
Royalty and Fees for Technical Services - Customs Valuation Rules 2007 unsettling settled law! |
| 26-Jul-10 |
Implementing GST: CBEC working on massive restructuring of administrative setup! |
| 26-Jul-10 |
Commercial tax - Article 366 of Constitution - transfer of 'right to use' is deemed sale irrespective of transfer of 'possession': HC |
| 23-Jul-10 |
ESOP Taxation in India – tax issues for globally mobile employees (See 'TII Special') |
| 23-Jul-10 |
CBDT celebrating journey from 1860 to 2010 - 150 years |
| 23-Jul-10 |
Customs -'PXI Controllers = Computers = Data Processing Machines' - Not Really: SC |
| 22-Jul-10 |
CBDT notifies 711 as Cost Inflation Index for 2010-11 |
| 22-Jul-10 |
GST roll-out: FM floats 'Fusion Theory' for dual rates; succeeds in roping in purchase tax |
| 22-Jul-10 |
CBEC's Circular on Levy of Clean Energy Cess - issued on 24th June but released on 21st July |
| 21-Jul-10 |
ST – SCN mandatory before demand – Letter directing payment is an appealable order: HC |
| 20-Jul-10 |
India-UK DTAA - Whether professional services rendered by non-resident lawyer partnership firm can constitute Service PE - whether entire fees for services rendered in India and also outside India are taxable as long as services are utilised in India (See 'TII Breaking News') |
| 20-Jul-10 |
Service Tax – Prior to amendment in 2006 Companies were not included under definition of consulting engineer - Works Contract only from 1.6.2007: High Court |
| 19-Jul-10 |
Service tax - Spot recovery – Department has no jurisdiction or authority to collect any amount at time of raid : High Court |
| 19-Jul-10 |
I-T - Sec 147 proceedings - Does an entry in order-sheet tantamount to be an AO's order, and CIT has power to review the same - NO, says ITAT |
| 15-Jul-10 |
States to rediscover GST on July 21; Nandan Nilekani to take States through voyage of rediscovery! |
| 15-Jul-10 |
TDS - Can assessee claim deduction of provision made for fluctuation in forex earmarked for paying technical knowhow even though no TDS deducted - YES: HC |
| 14-Jul-10 |
No Export Duty on Clearances to SEZ - Supreme Court Confirms |
| 14-Jul-10 |
I-T - Interest u/s 234B - Are Settlement Commission's powers to levy interest governed by chargeability of interest in original assessment - NO: Bombay HC |
| 13-Jul-10 |
Recovery proceedings when Stay Application is pending before Tribunal - Madras High Court raps Chennai LTU |
| 13-Jul-10 |
Preventive officers fall in Molasses Pit – Furious Tribunal marks a copy of order to FM, Revenue Secretary and CBEC Chairman for action against officers |
| 12-Jul-10 |
CBDT makes electronic return filing by Companies with digital signature mandatory |
| 12-Jul-10 |
Income Tax – Liquidated Damages for delay in Supply of plant is Capital receipt: Supreme Court |
| 08-Jul-10 |
Finalisation of provisional assessment – Assessee taking suo motu credit in PLA account of excess duty paid proper – Revenue appeal dismissed: CESTAT |
| 07-Jul-10 |
CX - CESTAT dismisses assessee's appeal - Later Revenue appeals against same order - Doctrine of Merger not applicable as issues in appeals are different: SC
|
| 07-Jul-10 |
I-T - Revenue disallows loss arising out of dividend-stripping transaction prior to 1.4.02 on ground of being artificial transaction - allowable, says SC |
| 07-Jul-10 |
Import of Counterfeit Nokia E-51 mobile phones – Absolute confiscation proper – since goods are to be destroyed, penalty reduced: CESTAT |
| 07-Jul-10 |
Quitting IRS - State Govts offer challenging turf for development-minded doers - A case study of Aman Singh! |
| 06-Jul-10 |
Cenvat on GTA outward freight - Matter to be resolved after Karnataka High Court decision: CESTAT
|
| 06-Jul-10 |
'Largest Litigant' Tag for Government - HC asks CBEC to avoid frivolous litigation - Follow CBDT |
