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Taxation News


SUPREME COURT ON VALIDITY OF NOTICE ISSUED BY AO UNDER SECTI

   21 May 2009 at 10:25

SUPREME COURT OF INDIA CIT v. Greenworld Corporation Civil Appeal No. 3312 of 2009 MAY 6, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 20. An Income Tax Offi ..

Posted in Taxation |   293 Views


FURNISHING OF BANK GUARANTEE: SECTION 43B OF IT ACT

   21 May 2009 at 10:24

SUPREME COURT OF INDIA CIT v. Mcdowell & Co. Ltd. Civil Appeal No. 3471 of 2007 May 8, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 8. We shall firs ..

Posted in Taxation |   343 Views


ASSESSMENT OF A FIRM AFTER ITS RECONSTITUTION

   20 May 2009 at 15:16

ITAT, BENCH ‘A’ CHENNAI Dawood Sons v. ACIT ITA NO. 2614/MDS/2007 JULY 18, 2008 RELEVANT EXTRACTS : ** ** ** ** ** ** 5. Chapter-XVI of the Income-tax Act ..

Posted in Taxation |   195 Views


SECTION 80HHC(1A) OF IT ACT

   20 May 2009 at 15:14

ITAT, BANGALORE BENCH ‘A’ Shamanur Kallappa & Sons v. ACIT ITA NO. 1288/BANG/2007 AUGUST 29, 2008 RELEVANT EXTRACTS : ** ** ** ** ** ** ..

Posted in Taxation |   240 Views


E-FILING OF COMMERCIAL TAX RETURNS

   19 May 2009 at 12:10

The Coimbatore District Small Industries Association (Codissia) and the Commercial Taxes department are organising an awareness programme on `e-filing of Commercial Tax returns' at the Codissia hall on May 19. Mr K. Ilango, President, Codissia, said ..

Posted in Taxation |   311 Views


DEDUCTIBILITY OF INCOME-TAX FROM GRATUITY PAYMENT

   19 May 2009 at 10:30

HIGH COURT OF KARNATAKANorth West Karnataka Road Transport Corporationv.Deputy Labour CommissionerWrit Petition No. 5759 of 2006February 25, 2008 RELEVANT EXTRACTS : ** ** ** ** ..

Posted in Taxation |   184 Views


SECTION 86(1A) OF THE FINANCE ACT, 1994

   19 May 2009 at 10:30

In exercise of the powers conferred by sub-section(1A) of section 86 of the Finance Act, 1994(32 of 1994), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry ..

Posted in Taxation |   208 Views


JURISDICTION OF TRIBUNAL TO RECTIFY MISTAKE IN ITS ORDER

   18 May 2009 at 06:16

ITAT, SPECIAL BENCH, PUNE Dhariwal Industries Ltd. v. DCIT M.A. NO. 15 TO 22/M/09 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 7. Ld. Sr. Counsel appearing for the assessee ha ..

Posted in Taxation |   236 Views


Applicability of provision of section 194C of IT Act, 1961

   16 May 2009 at 14:33

ITAT, MUMBAI BENCHES ‘E’, MUMBAI Shemaroo Video Pvt. Ltd. v. ITO ITA NOS. 337 TO 340/MUM/2007 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 6. We have heard the ri ..

Posted in Taxation |   668 Views


Jurisdiction of Tribunal to rectify mistake in its order

   16 May 2009 at 14:31

ITAT, SPECIAL BENCH, PUNE Dhariwal Industries Ltd. v. DCIT M.A. NO. 15 TO 22/M/09 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 7. Ld. Sr. Counsel appearing for the assessee ha ..

Posted in Taxation |   230 Views