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Archive: 18 October 2010

Posts in 18 October 2010

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6447 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

“SARFAESI” PROCEEDINGS – THE JURISDICTION OF HIGH COURT?

October 18, 2010 651 Views 0 comment Print

Despite the effort made by the legislature to keep the recovery of debts by the Bank very simple and clear when the debt is secured, there exist few complications in law dealing with the recovery of secured debt under SARFAESI Act, 2002. The constitutional validity of the provisions of the SARFAESI Act were challenged before the Constitutional Courts and the courts have made it very clear that SARFAESI Act, 2002 is constitutionally valid though certain provisions required a re-look. Initially, when the act came to force, many writ petitions were filed challenging the action initiated by the Bank under the provisions of SARFAESI Act, 2002

I -T dept collects CWG works related documents

October 18, 2010 255 Views 0 comment Print

The Income Tax department has collected documents pertaining to tenders and award of contracts for its “two pronged” probe into the finances of the Commonwealth Games even as a high-level committee headed by a former CAG goes into allegations of corr

Companies deducts TDS but not pay on time

October 18, 2010 633 Views 0 comment Print

The survey was carried out to verify whether tax was deducted under the provisions of tax deducted at source (TDS). While examining documents, the department found out that in several cases, companies have defaulted in transferring TDS to the I-T dep

Bhutan lottery- HC orders Kerala to collect tax from Megha Distributors

October 18, 2010 516 Views 0 comment Print

In a blow to the state government, the Kerala High court today directed tax authorities to receive advance tax from Megha Distributors treating them as promoters of Bhutan lottery in the state.A division bench, comprising justices Thothathil B Radhak

Vodafone not agent of Hutchison- Files petition in HC

October 18, 2010 183 Views 0 comment Print

Vodafone said on Friday it has filed a petition in Bombay High Court defending itself against a new step by tax authorities treating the telco as an ‘agent’ of the seller in its $ 11-billion (about Rs 50,000 crore) takeover of Hutchison Telecom in 20

Income Tax dept to get high-end investigation tools to probe evasion

October 18, 2010 471 Views 0 comment Print

Confronted with rising number of cases where financial data is encrypted electronically, the Income Tax department is hunting for high-end digital data extraction and investigation tools which can glean through erased information and recover internet

Frequent cheque bounce may lead to closure of your bank account

October 18, 2010 4167 Views 0 comment Print

Those writing cheques without adequate funds in their account risk having their account blocked a measure that will further tighten the regime around bounced cheques. India’s largest lender, the State Bank of India, has decided to close the accounts

44.4 Percent Increase in Indirect Tax Collections in first six Months(April-September,2010) of 2010-11

October 18, 2010 285 Views 0 comment Print

Customs, Central Excise and Service Tax revenue collections rose to Rs. 150686/- Crore during April-September 2010. Thus there is an increase of 44.4 percent in revenue collections at all India level during April-September 2010 as compared to corresp

All India Bar Examination Mandatory for all Law Graduates to Practice in India

October 18, 2010 372 Views 0 comment Print

The Bar Council of India (BCI) has made All India Bar Examination (AIBE) mandatory for all law graduates who have passed in the academic year 2009-10 to practice law in India. The BCI will conduct the AIBE in nine languages across 27 cities in India

Security audits as per RBI rules must for banks, says RR Patil

October 18, 2010 222 Views 0 comment Print

In the wake of the growing number of banks being looted in the state, home minister RR Patil said, on Thursday, that banks needed to be more vigilant and should conduct the mandatory security audits as per the rules laid down by the Reserve Bank of I

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