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Archive: 2009

Posts in 2009

ICAI specified some more conditions for Transfer/Termination of Articleship

July 2, 2009 6169 Views 0 comment Print

Transfer/Termination of Articleship – (01-07-2009) [Regulation 56(1)] In accordance with the decision of the Council, the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible to an articled assistant on satisfying any one or more of the conditions as stated below: – Medical grounds requiring discontinuance of […]

Satyam was audited by PWC Bangalore not by Lovelock & Lewis

July 2, 2009 2021 Views 0 comment Print

PriceWaterhouse on Wednesday said its Bangalore unit audited the accounts of scam-hit Satyam Computer and was now cooperating with a probe by regulator SEBI, thus quashing reports that it was distancing itself from the multi-crore accounting fraud. “Satyam Computer Services was audited by Price Waterhouse Bangalore,” the global auditing firm said in an e-mail issued by […]

Mvat Notification for Adding Entries to Medical Devices Notification

July 1, 2009 1722 Views 0 comment Print

Mantralaya, Mumbai 400 032, dated the 29th June 2009. NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT- 1509/CR-.81- C/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 […]

No MVAT on Sales by a registered dealer to the Department of Space ,of goods used in Satellite Launch System

July 1, 2009 838 Views 0 comment Print

FINANCE DEPALRTMENT Mantralaya, Mumbai 400 032, dated the 29th June 2009 ORDER Maharashtra Value Added Tax Act, 2002. No.VAT-1509/ CR-81-A/Taxation -1. -In exercise of the powers conferred by sub-section (5) of section 8 of the Maharashtra Value Added Tax Act. 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends with effect from the 1st July […]

Section 271(1)(c) can be invoked only if there is a "concealment of particulars of income"

July 1, 2009 907 Views 0 comment Print

20. It seems to us that the revenue functions in the same manner as other departments of administration, wherein the accepted norm is, to shift the responsibility of decision making to the judiciary. In sum and substance, the judiciary not only adjudicates upon legitimate controversies between quarreling parties, but also discharges the executive function of decision making

Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects

July 1, 2009 2390 Views 0 comment Print

Instruction No. 4/2009, dated 30-6-2009 Under sub-section (10) of section 80-IB an undertaking developing and building housing projects is allowed a deduction of 100% of its profits derived from such projects if it commenced the project on or after 1.10.1998 and completes the construction within four years from the financial year in which the housing […]

Amends Notification No. 36/2001-Custom Duty (N.T.), Dated: 03.08.2001

June 30, 2009 373 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. 66/2009-Customs (N.T.), dated, the 15th June, 2009 (S. O. 1455 (E) dated 15th June, 2009).

Notification No. 77/2009-Customs Duty (N.T.), Dated: 30.06.2009

June 30, 2009 448 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. SMS Distribution Private Limited, 320, Navrang House, 21 K G Marg, Cannaught Place, New Delhi and others issued vide, F.No. DRI/23/52/2008-DZU dated 22nd January, 2009 by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Notification No. 76/2009-Customs Duty (N.T.), Dated: 30.06.2009

June 30, 2009 373 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s New Light Electrical, 4-A, Mahalaxmi Market, Bhagirathi Place, Delhi-6 and others issued vide, DRI F.No. 23/71/2007-DZU/Part-I, dated the 30th January, 2009, by the Additional Director General, Directorate of Revenue Intelligence, Delhi Zonal Unit, New Delhi.

Notification No. 75/2009-Customs Duty (N.T.), Dated: 30.06.2009

June 30, 2009 583 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s. Maruti Enterprises, At Bansidhar, Near Bus Station, Dhoraji, Rajkot, Gujrat-360 410 and others issued vide, F.No. DRI/MZU/C/INV-04/2008-09, dated the 24th Octoaber, 2008, by the Additional Director General, Directorate of Revenue Intelligence, Mumbai Zonal Unit, Mumbai.

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