Day: April 1, 2013
44 articlesIncome Tax

Income Tax
If intention for trade in share is earning quick Profit by frequent trading, such profit taxable as business income
Income Tax

Income Tax
Fore initiation of Reassessment AO need not conduct inquiry & nor required to verify information, only nexus between Information & Belief required
Income Tax

Income Tax
S. 271D penalty for receipt of Loan in cash Justified if no reasonable cause exist
Income Tax

Income Tax
MAT credit to be given before calculation of Interest U/s 234B as amendment to S. 234B is retrospective
Income Tax

Income Tax
No addition for Share application money received if Assessee submits names, addresses, PAN of share holders
Service Tax

Service Tax
Ticket Booking for other bus/tour operators is ‘business auxiliary services’ and liable to ST
Income Tax

Income Tax
Assessee cannot object to Consequential additional tax if he has not objected to Revision U/s. 154
Income Tax

Income Tax
Insurance receipt on loss of stock & Technology transfer fee eligible for deduction U/s. 80HHC
Income Tax

Income Tax
Commission on supply of goods not allowable on failure to prove that agent was engaged for effecting sales
Corporate Law

Corporate Law
CCI acquits NMDC from alleged dominant position based on NMDC’s lower market share
Service Tax

Service Tax
Rent-a-cab service for transport of employees/officials or business related visitors to factory/office is an input service
Service Tax

Service Tax
Principle of doctrine of unjust enrichment not applies to refund of ‘deposit of duty’
Service Tax

Service Tax
Service tax on Income from auction of abandoned cargo?
Service Tax

Service Tax
