Sponsored
    Follow Us:

Archive: 11 January 2008

Posts in 11 January 2008

Amends Notification No.62/94-Customs Duty (N.T.) dated 21st November, 1994

January 11, 2008 256 Views 0 comment Print

The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No.36/2001 – Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 122/2007-Customs (N.T.), dated, the 17th December, 2007 (S.O.2137 (E) dated 17th December, 2007).

SEBI : Introduction of Index options with longer tenure

January 11, 2008 277 Views 0 comment Print

The risk containment and other measures applicable for existing exchange traded equity Index option contracts shall be extended suitably to long term option contracts on Index.

The Income Tax Officer Vs. Ellora Silk Mills Pvt. Ltd. (ITAT Mumbai)

January 11, 2008 441 Views 0 comment Print

The assessment for AY 90-91 was reopened on the ground to verify whether the income from warehousing charges should be treated as income from business or income from house property. Ultimately after investigating the case in detail, the Assessing Officer himself arrived at a conclusion that charges on account of warehousing are business receipts and the reassessment was completed accordingly. Now, for these years under consideration the department had taken a different view, which in our considered opinion,

C.A.- Think thrice before you issue a Certificate

January 11, 2008 619 Views 0 comment Print

Council of the Institute of Chartered Accountants of India v. Dayal Singh The officers of the bank completed all paper formalities, perhaps at the behest of the respondent or at least on the basis of his certificate for disbursement of the loan. The activity of the respondent in issuing such a vague certificate with the intention of persuading the bank to grant his client a loan amounted to `other misconduct’ within the meaning of the Act, read with the regulations framed thereunder.

Only if income is arising directly or indirectly through or from any business connection in India , it can be taxed

January 11, 2008 343 Views 0 comment Print

The appellant exercises computer control over the computes installed at the premises of the subscribers. This amounts to a fixed place of business for carrying on the business of the enterprise in India . But for the supply of computers, the configuration of computes and connectivity which are provided by the appellant either directly or through its agent AIPL will amount to operating part if its CRS system through such subscribers in India and accordingly PE in the nature of a fixed place of business in India. Thus the appellant can be said to have established a PE within the meaning of paragraph 1 of Article 5 of Indo-Spain Treaty.

Sponsored
Sponsored
Search Post by Date
September 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30