Month: August 2011
575 articlesGoods and Services Tax

Goods and Services Tax
Powers of Inspection, Search & Seizure under Punjab VAT Act, 2005
Income Tax

Income Tax
When Revenue detects unexplained expenditure in the name of doctors of the hospital, Sec 69C additions in the hand of the hospital can be made only after doctors deny receiving such payments
Income Tax

Income Tax
Submitting inaccurate claim would not amount to giving inaccurate particulars, Penalty can not be imposed U/s. 271(1)(c)
Income Tax

Income Tax
A.O. cannot issue notice U/s. 148 on the basis of scanty and vague information and material which do not indicate escapement of income
Excise Duty

Excise Duty
Process of lifting water is incidental to manufacture ; Supreme Court decision prevails over Board Circular – SC
Income Tax

Income Tax
ICAI to submit its report to CBDT next month with its recommendations on tackling issues related to black money
Income Tax

Income Tax
Only 6.74 lakh claims for refund of income-tax pending with I-T Department, Tax refunds pull down net direct tax collection by 8 percent
Corporate Law

Corporate Law
IRDA makes it mandatory for insurers to seek prior approval in case of stake transfer to domestic entities or financial institutions
Income Tax

Income Tax
Reference to Special Bench cannot be withdrawn merely for the reason that HC has admitted identical question of law in another case
Finance

Finance
