Month: February 2011
602 articlesIncome Tax
Income Tax
A low rate of gross profit, in absence of any material pointing towards falsehood of accounts books, cannot by itself be a ground to reject account books under section 145(3)
Corporate Law
Corporate Law
On invocation of action under section 13 of Securitisation Act by secured creditor, reference before BIFR would abate by virtue of third proviso to section 15(1) of SICA
Income Tax
Income Tax
Special Auditor, to whom work is assigned, is very much at liberty, to insist upon payment of such fee/remuneration as he may deem adequate for work assigned to him
Income Tax
Income Tax
Penalty attracted If claim made by assessee besides being incorrect in law and malafide
Income Tax
Income Tax
Rectification of computational error- A simple computational error can be resolved by rectifying an order of assessment under Section 154(1)
Goods and Services Tax
Goods and Services Tax
Court should provide its own grounds and reasons for rejecting claim/prayer of a party
Excise Duty
Excise Duty
Canvat Credit – Valuation of goods transferred by manufacturer to its sister concerns without any invoice
Excise Duty
Excise Duty
Cenvat credit – Conditions for availing benefit under Notification No. 8/2003-CE dated 1-3-2003
Income Tax
Income Tax
Appellate Forums while reversing orders of AO are legally bound to dwell upon specific reasons assigned by AO for not accepting explanation of assessee that statement made by him u/s 132(4) was obtained under coercion and duress
Finance
Finance
Bill Likely to Relax Rotation of Auditors
Income Tax
Income Tax
Vanita Vishram Trust vs. CCIT (Bombay High Court)
Income Tax
Income Tax
India-Singapore DTAA- Technical services provided offshore do not require any deduction of tax at source
Income Tax
Income Tax
Making wrong claim is not concealment or furnishing of inaccurate information
Excise Duty
Excise Duty
