The CIT contended that there was no specification of assets, such as know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature, which was represented by the said goodwill. Further, th
The last date for registration for Integrated Professional Competence Course (IPCC) has been extended upto 15th February, 2011. Students are advised to ensure that the registration papers are submitted to their respective Decentralized Offices of the
In the case of DHL Express (India) P Ltd. v. ACIT [SA No. 119/Mum/2010], dated 19 November, 2010, the Mumbai Income Tax Appellate Tribunal (
Market regulator SEBI today barred 39 entities from accessing securities markets for allegedly creating artificial volumes and price rise in certain scrips. “The (39) entities/persons are restrained from accessing the securities market and further pr
sub-rule (1) of rule 67 of the Delhi Value Added Tax Rules, 2005 and rule 4 of the Central Sales Tax (Delhi) Rules, 2005 for furnishing of reconciliation return in Form DVAT 51, up to 31st March, 2011 for Ist and IInd quarter of the year 2010-11. (b) Sub-rule (5) of rule 5, clause (a) of sub-rule (3) of rule 6, clause (a) of sub-rule (5) of rule 7, sub-rule (2) of rule 9, rule 6B and sub-rule (2) of rule 6A of the Central Sales Tax (Delhi) Rules, 2005 and sub-rule (10) of rule 12 of the Central Sales Tax (Registration and Turnover) Rules, 1957 for furnishing of the portion marked ‘original’ of the Declaration Forms ‘C’, ‘E-I’ or ‘E-II’, ‘F’, ‘I’, ‘J’ and ‘H’ respectively, up to 31st March, 2011 for Ist & IInd quarter of the year 2010-11 in respect of the Declaration Forms which relate to the year 2010-11.
The Kerala High Court Thursday gave the green signal to a company registered under the tenets of sharia to start operating a financial institution based on the principles of Islamic banking with the participation of a state-run firm.Such institutions
Actress Priyanka Chopra and photographer Atul Kasbekar will pay income tax on some undisclosed transactions. Priyanka will pay tax on Rs 6 crore of cash transactions and Kasbekar on a Rs 4-crore gift, a senior income-tax official said. Income-tax officials raided them and actress Katrina Kaif on January 24. Katrina did not evade tax, the official said.
Premium paid in excess of the face value of the security held under ‘Held to Maturity’ (‘HTM’) category which has been amortised over the period remaining till maturity is allowable – rules Mumbai Tax Tribunal
Whether in computing the deduction under section 80-IA(8), for the purpose of determining the inter divisional notional transfer price, the market price of the power generated should be taken as the price of power purchased from independent power sup
A survey sponsored by the Reserve Bank has revised the country’s economic growth projections for the current fiscal to 8.7 per cent, from 8.5 per cent earlier. Forecasters have revised their real GDP growth rate forecasts upwards to 8.7 per cent in 2010-11, from 8.5 per cent in the last survey.
