mahindra

Nutritionist Dr Sarita Davare, recently caught in the tax net (the income tax department recovered Rs 7.5 crore from her), is the city's best kept secret. We spent the best part of the day trying to get a picture of the lady, but failed. However, the recent IT raid on her brings the spotlight on big bucks that the fitness industry rides on. Full Article

The expenditure covered u/s 35AB should be in the nature of capital expenditure because the scheme of the IT Act, 1961 is that all the revenue expenses are allowable while computing income from business or profession u/s 37(1). Full Article

Two months after taking over scam-tainted Satyam Computer Services, Tech Mahindra Sunday renamed the IT major as “Mahindra Satyam”. The logo will be adopted from the Mahindra Group. ‘This strategic move paves the way for the emergence of a robust brand, which draws from the core values of the Mahindra group and the inherent strength [...] Full Article

The Satyam scam had its auditors PWC red in the face. Raju had cooked the books for many years and did the auditors fail or were partners in the crime, is for the investigative agencies to find out.But life must go on for Satyam and that’s why the new management is making important changes on [...] Full Article

SUMMARY OF CASE LAW The canons of limitation are ordinarily provided expressly in the Act and in their absence, they are to be impliedly inferred by taking into consideration the scheme of the relevant provisions; there cannot be a particular time limit which can be described as reasonable for all the actions under the Act, [...] Full Article