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The Sale of Examination Application Forms for Chartered Accountants Professional Education – II, Professional Competence Course (PCE), Integrated Professional Competence Course (IPCE) and Final Examinations and also for the Management Accountancy Course (MAC Part – I ),Corporate Management Course (CMC Part – I), Tax Management Course (TMC Part – I), Insurance and Risk Management Course (IRM) and international Trade Laws and World Trade Organization (ITL&WTO) Full Article

Supreme Court (SC) [2010-TIOL-04- SC-IT] in the case of Oracle Software India Ltd. (Taxpayer) on the issue of whether the process of converting a blank compact disc (CD) into a recorded CD, by duplicating the master copy of software on it, constitutes 'manufacture' under the Indian Tax Law (ITL) for the purpose of claiming tax holiday. The SC held that the processing of recordable media on to a blank CD amounts to 'manufacture' under the ITL, Full Article

This article summarizes a recent ruling of the Special Bench (SB) of the Mumbai Income Tax Appellate Tribunal (ITAT) [ITA No. 7315/Mum/2007] in the case of DCIT vs. Manjula Shah (Taxpayer) which held that, in the case of gifted capital asset, indexation benefit is available to a donee from the year of its acquisition by the previous owner. The SB adopted a purposive construction of the definition of 'Indexed Cost of Acquisition' (ICOA) by looking at the scheme of the Ind.. Full Article