Month: July 2011
584 articlesGoods and Services Tax

Goods and Services Tax
MVAT- Mandetory e-return for PTRC holders from 01.08.2011
Income Tax

Income Tax
Whether, merely because Mumbai office is also involved in the business, the Hyderabad Unit cannot claim Sec 80IB benefits for manufacture of jewellery through various karigars spread across various locations?
Income Tax

Income Tax
Business liability which may be quantified & discharged at a future date allowable if its definite
Income Tax

Income Tax
No addition can be made under s 28(iv) in the absence of any business or profession relationships.
Income Tax

Income Tax
Commission received by a foreign company for assistance in arranging cargo transportation taxable in India on account of ‘business connection’
Income Tax

Income Tax
Transfer pricing – Operating profit of different STP units rendering identical services to related parties should not be considered on a stand-alone basis for computing ALP
Income Tax

Income Tax
Invocation of s 263 unjustified where Commissioner intended to substitute his own view in place of that of the Assessing Officer without pointing out as to how the action of the Assessing Officer is erroneous in law or on facts
Income Tax

Income Tax
Transfer Pricing – As other income of the assessee is excluded from the net profit, the other income of comparable companies should also be excluded from their net profit and the full data of the comparables should also be provided to the assessee
Income Tax

Income Tax
Expression ‘contractor’ does not include within its fold a subcontractor carrying out any work in pursuance of a subcontract with a sub subcontractor in AY 2006–2007
Income Tax

Income Tax
Limitation period does not apply to withholding tax proceedings – Punjab & Haryana HC
Company Law

Company Law
Notification Amending Form No. 1A vide Notification Dated 14th July 2011
Service Tax

Service Tax
Service tax is leviable on Flying Training School & Aircraft Maintenance Engineering Institutes
Income Tax

Income Tax
CBDT allows Mahindra Satyam to file revised returns
Finance

Finance
