Month: January 2013
476 articlesFinance

Finance
Post Office Savings Account (Amendment) Rules, 2012 – Amendment in Rule 4A
Income Tax

Income Tax
In absence of declaration by assessee that it does not intend to honour its liabilities, provisions of S. 41(1) cannot be invoked
Income Tax

Income Tax
S. 80JJA Deduction available on Income from manufacturing fuel briquettes from bagasse
Excise Duty

Excise Duty
Client Referral income earned from banks & insurance co. is ‘Business Auxiliary Services’
Income Tax

Income Tax
Income earned by trust from business activities eligible for exemption if primary objects were charitable
Income Tax

Income Tax
Reassessment initiated to disallow loss on hedging of metals losses is untenable if losses were allowed originally
Income Tax

Income Tax
Decision on debatable point of law or fact cannot be corrected by rectification u/s. 254(2)
Goods and Services Tax

Goods and Services Tax
Clarifications Regarding Single Stage Taxation Under Punjab VAT act, 2005
Income Tax

Income Tax
Monetary limit u/s. 10(23C)(iiiad) applies to educational institute, not to society running them
Excise Duty

Excise Duty
Stay against CBEC’s Circular on recovery of confirmed demand during pendency of stay application
Income Tax

Income Tax
Deduction u/s. 10A to be allowed before set off of brought forward unabsorbed losses against current year profits
Income Tax

Income Tax
Credit is to be allowed in respect of TDS made on higher amount of reimbursement than actually offered to tax
Corporate Law

Corporate Law
Even in absence of separate proceeding alleging unfair, monopolistic or restrictive trade practice, an application for compensation u/s. 12B of MRTP Act is maintainable
Income Tax

Income Tax
