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Archive: November, 2010

Posts in November, 2010

Delhi High Court asks Centre to fix age limit for heads of sports bodies

November 6, 2010 801 Views 0 comment Print

The Delhi High Court on Tuesday directed the Centre to implement its National Sports Policy under which the upper age limit for the heads of sports federations has been fixed at 70 years. A bench headed by Chief Justice Deepak Misra gave the direct

CBDT clarification on tax benefits for NGOs and charitable institutions

November 6, 2010 13237 Views 7 comments Print

The government has clarified that institutions like NGOs, charitable institutions and others who are eligible for tax benefits and can also issue tax benefit receipts to those paying donations would not need to renew their status unless it is withdra

Delhi ITAT rules – Tax payable on import of all software (In the case of Microsoft)

November 6, 2010 735 Views 0 comment Print

TAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order in a case relating to Microsoft . While the order, passed on October 28, is significant in terms of the liability to withold tax from payments made while importing software, the Delhi Income-Tax Appellate Order (ITAT) attracted the attention of tax professionals on account of its observation that questioned the sanctity of tax treaties.

Allowability of Cenvat credit on ‘outdoor catering services’ provided in the factory for employees of the factory

November 6, 2010 1641 Views 1 comment Print

Bombay High Court held in above case that the assessee is entitled to avail Cenvat credit on outdoor ‘catering services’ provided in the factory for employees. Ratio of Maruti Suzuki judgment been applied in the case.

HC requests ITAT President to make it compulsory for assessees to amend Form 36 for change of address instead of merely intimating vide letter

November 6, 2010 810 Views 0 comment Print

The matter is heard behind the back of the assessee or his advocate which, ultimately, leads to unsustainable order. It generates litigation either in the same Court by way of rectification application or in the higher Court. In order to avoid this situation, it is desirable to direct the appellant or parties to the appeal to amend cause title of the appeal memo in the event of change of address followed by amendment in column 10 of Form No.36; instead of permitting the parties to enter into the correspondence with the registry of the Tribunal.

Supreme Court approves Service tax on leasing services

November 6, 2010 3138 Views 0 comment Print

The service tax in the present case is neither on the material nor on sale. It is on the activity of financing/funding of equipment/ asset within the meaning of the words “financial leasing services” in Section 65(12)(a)(i).- the appellant(s) had moved the High Court in the writ petition challenging the validity of Section 66 of the Finance Act, 1994 on the value of taxable services referred to in Section 65(105)(zm) read with Section 65(12)(a)(i) without exhausting the statutory remedy. The contracts entered into by the appellant(s) with its customers were not vetted.

Appointment of Vice President of ITAT is by merit-based selection & not seniority. No reservation for OBC

November 6, 2010 1443 Views 0 comment Print

The appointment to the post of President and VP is by way of selection based on merit and not by way of promotion. No reservation can apply where the appointment is not by way of direct recruitment. Observations made in G.E. Veerabhadrappa vs. UOI that the appointment of VP is by way of direct recruitment are obiter and of no legal effect.

Statutory Bank Branch Auditors' Panel for the year 2010-11

November 4, 2010 561 Views 0 comment Print

This has reference to your application for the multipurpose panel for the year 2010-11. The Bank Branch Auditors’ Panel for the year 2010-11, prepared thereof is hosted at the following link, for your ready reference. Application No MEF00001 to M

Shifting of BOS and Some Committees from Institute's rented premises at Sec-58 Noida to its new premises at Sec-62, Noid

November 4, 2010 477 Views 0 comment Print

We would like to inform you that Board of Studies and some sections which were housed in Institute’s rented premises at Plot No-A-94/4, Sector-58,Noida have been shifted to its new premises at plot No A-29, Sector-62, Noida and are functional with ef

Web-pages of Directorate General of Income Tax (Vigilance)

November 4, 2010 1338 Views 0 comment Print

It gives me immense pleasure to welcome you all on the web link of the Directorate of Vigilance. It has been inaugurated for public viewing in a function presided over by the Central Vigilance Commissioner on 28th October 2010 during ‘Vigilance Aware

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