ITAT, DELHI BENCH ‘H’: DELHITurner Broadcasting System Asia Pacific, Inc.v.ADIT (Int’l Taxation)ITA No. 724 (Del)/2008March 13, 2009 RELEVANT EXTRACTS:3.1 Section 209 furnishes the method for computation of advance-tax payable by the assessee. It ..
The number of income-tax payers in the country has nearly doubled from 1.73 crore in 1998-99 to 3.37 crore in 2007-08, going by the data available with the tax department. In 1998-99, the effective income-tax payers’ base stood at 1.73 crore with the ..
ITAT, DELHI BENCH ‘H’ NEW DELHISahara India Fianncial Corpn. Ltd.v.Addl. CIT ITA NOS. 97 TO 100/DEL/2006MARCH 20, 2009RELEVANT EXTRACTS:** ** ** ** ** ** ** ** ** ** ** **3. We have duly considered the rival conte ..
Making a strong case for reduction in the corporate tax rate to 25 per cent, a FICCI-PwC study has said that companies have to pay about 24 taxes. "The study has led us to (the) conclusion that (the) corporate tax rate should not be more than 25 per ..
In what could have serious ramifications for multinational companies and their expat employees, the Supreme Court on Wednesday held that a foreign company registered and situated abroad is liable to deduct tax (TDS) on salary paid in the home country ..
The Income-Tax department has approached the Supreme Court challenging the Bombay High Court order granting 30 per cent rebate in income tax under section 80 RR of the Income Tax Act to Bollywood star Amitabh Bachchan on his income from the game show ..
Wealth-Tax (Second Ammenment) Rules, 2009-Amendment in Rule 3ANotification No. 16/2009, Dated 13-2-2009In exercise of the powers conferred by section 46 of the Wealth-tax Act, 1957 (27 of 1957), the Central Board of Direct Taxes hereby makes the foll ..
Delhi HC Allows IT Dept To Re-Assess Mayawati's Income2/14/2009The Delhi High Court allowed Income Tax officials to reassess the income of Uttar Pradesh Chief Minister Mayawati for the financial year 2001-2002, ruling that it is not mandatory to send ..
Delhi HC Allows I-T Dept To Reassess Mayawati's Income13 Feb 2009, 1131 hrs IST, PTI Text: NEW DELHI:In a setback to Uttar Pradesh Chief Minister Mayawati, the Delhi High Court on Friday allowed the Income Tax department to go ahead with reassessment ..
S S N Moorthy on Saturday took over as the new Chairman of the Central Board of Direct Taxes, after the retirement of N B Singh.Moorthy, a 1973 batch Indian Revenue Service officer, has served as a CBDT member and was the Director General of Income T ..
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