"November, 2008" Archive

Government Plans Interest Sops To Ease Home Loans

The proposal will also include providing loans at below market rates to real estate developers. But the loan disbursed under this will come with a number of conditions like an upper ceiling on selling price of flats and individual homes.The government is considering a proposal to make home loans cheaper for consumers through interest subs...

Read More
Posted Under: Finance |

SEZ applications to go online

The Department of Commerce has completed most of the procedures related to setting up special economic zones online to streamline various operations regarding these industrial enclaves.These steps will not only help the developers of the tax-free zones apply through a website but will enable them to track the status of their applications ...

Read More
Posted Under: Finance |

Subodh Kumar Bhargava Vs Commissioner of Income Tax (Delhi High Court)

Subodh Kumar Bhargava Vs Commissioner of Income-Tax (Delhi High Court)

The tribunal was not right in law in its interpretation of the provisions of Section 275(1)(c) and was wrong in holding that the penalty order passed on 17.02.2004 under Section 271B was within the period of limitation prescribed under the Act....

Read More

Notification No. G.S.R. 824(E), dated 28/11/2008

Notification No. G.S.R. 824(E). 28/11/2008

– In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Central Government's) General Rules and Forms, 1956, namely....

Read More

Notification No. 106/2008-Income Tax Dated 28/11/2008

Notification No. 106/2008-Income Tax 28/11/2008

Notification No. 106-Income Tax In exercise of the powers conferred by clause (iii) of sub section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments to the Industrial Park Scheme, 2008, namely :— In the Industrial Park Scheme, 2008, in FORM IPS - I,—...

Read More

Revenue, having accepted the order of the Tribunal in the first round, cannot raise those objections in the second round

Commissioner of Income Tax-II Vs Mantec Consultants (P) Ltd (Delhi High Court)

Although, no claim under Section 10A had been made before the Assessing Officer, the respondent/assessee had made such a claim before the Commissioner of Income-tax (Appeals). The assessee was fully justified in raising the claim under Section 10A of the said Act...

Read More

Allowability of interest on borrowed funds advanced to subsidiary company

Industrial Cables (India) Ltd. Vs Addl. CIT (ITAT Chandigarh)

We have considered the, rival submissions, perused the material on record. In the instant case, rehabilitation scheme was sanctioned by the BIFR on 05.07.2001, A copy of the summary record of the proceedings of the hearing held on 5.7.2001 before BIFR- have been placed in the Paper Book. It has been held in the aforesaid proceedings para ...

Read More

Notification for Amendment in Notification for Medical Device

Notification No. VAT.1508/CR- 5/Taxation- 1 27/11/2008

No. VAT.1508/CR- 5/Taxation- 1 - In exercise of the powers conferred by sub-entry (8) of Entry 107 of schedule C appended to the Maharashtra Value Added Tax Act, 2002 [Mah IX of 2005], the Government of Maharashtra hereby amends the Government Notification, Finance Department, No.VAT-1505/ CR-233/Taxation- 1, dated the 23rd November, 2005...

Read More

Notification about composition Scheme for Drug Retailers

Notification No. VAT.1507/CR- 55/Taxation- 1 27/11/2008

In exercise of the powers conferred by sub-section (1) of section 42 of the Maharashtra Value Added Tax Act 2002 [Mah IX of 2005] the Government of Maharashtra hereby amends the Government Notification, Finance Department, No. VAT-1505/CR- 105/Taxation 1 dated the 1st June 2005 as follows namely....

Read More

In Times of Crisis, CAs In Demand Like Never Before

THE financial meltdown is expected to bring new opportunities for chartered accountants as companies will seek better control over their finances. So, if BSchools are a worried lot and preferences are fast changing from finance to consulting, the CAs are in demand like never before. Also, as per the ICAI top brass, while the financial sec...

Read More
Posted Under: Finance |

Search Posts by Date

November 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930