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Archive: 17 December 2010

Posts in 17 December 2010

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

May 15, 2024 6321 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.

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices? – Last day to Register

May 15, 2024 19347 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

FAQ s on Convergence of Indian Accounting Standards convergence IFRS

December 17, 2010 1877 Views 0 comment Print

Improves investor confidence across the world with transparency and comparability Improves inter-unit/ inter-firm/inter-industry comparison Group consolidation made easy with same standard by all companies in group wherever located Acceptability of f

Income-tax department opens investigations into 15 companies owned by MP Jagan Mohan Reddy

December 17, 2010 348 Views 0 comment Print

In a move that is certain to invite charges of political witch-hunt, the income-tax department has opened investigations into 15 companies owned by rebel Congress MP Jagan Mohan Reddy, including Bharti Cements and Jagruti Publications, for allegedly evading tax.

Commissioner of Central Excise Commissionerate Versus M/s Cool Tech. Corporation ( High Court Of Punjab and Haryana)

December 17, 2010 613 Views 0 comment Print

This appeal has been preferred by the revenue under Section 35G of the Central Excise Act, 1944 read with Section 83 of the Finance Act , 1994 against order dated 22.3.2010 passed by the Customs Excise and Service Tax Appellate Tribunal, New Delhi proposing following substantial question of law

Penalty under Sections 76 and 78 are mutually exclusive and could not be imposed simultaneously

December 17, 2010 2534 Views 0 comment Print

In this tax appeal, Tribunal upholds Section 78 penalty, sets aside Section 76. Learn about the mutually exclusive nature and legal implications.

No video calls without government clearance

December 17, 2010 306 Views 0 comment Print

As private telecom operators gear up to launch full-fledged 3G services, the Department of Telecommunications has asked three telecom service providers — Airtel, Tata and Reliance Communications — that have already started offering third generation m

ICWAI 8th National Award for Excellence in Cost Management – 2010

December 17, 2010 228 Views 0 comment Print

Companies are free to participate in the Award Scheme either for the company as a whole or for each unit separately. The Award Categories are as follows : Public Sector – Manufacturing (Small, Medium and Large) Private Sector – Manufacturing (Small

In case of War widows, handicapped people and similar cases, the law should take a liberal view – SC

December 17, 2010 493 Views 0 comment Print

In this case, a war widow was given a gas distribution agency. She was managing it with her two daughters. When she became old, she made it into a partnership. She held 51 per cent and another held the rest. The corporation cancelled the licence on t

No exemption from custom duty for goods brought in without valid licence

December 17, 2010 195 Views 0 comment Print

Goods brought into the country without valid licence is not entitled to customs exemption, and it should be treated in the same way as smuggled goods, the SC stated in the case, Commissioner of Customs vs M/s M Ambalal & Co. In this case, a large qua

No time limit for reference of disputes to labour court – SC

December 17, 2010 507 Views 0 comment Print

The Industrial Disputes Act does not prescribe any time limit for referring a dispute to the labour court, the Supreme Court has stated in its judgment, Kuldeep Singh vs Instrument Design Development Centre. In this case, the employee was terminated

Delay not ground for dismissing petition- SC

December 17, 2010 378 Views 0 comment Print

The Supreme Court (SC) stated last week that courts should not dismiss petitions of revenue authorities only on the ground of delay, without going into the merits of the case. In this case, the Commissioner of Income Tax appealed to the SC against th

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