Month: April 2013
465 articlesService Tax

Service Tax
‘Rent-a-cab service’ for transportation of staff from railway station to container freight station run by assessee is eligible input service
Corporate Law

Corporate Law
Winding Up petition admissible if respondent accepts the liability though denies interest claim on liability
Company Law

Company Law
Winding up Petition can be maintained at behest of a creditor, whether secured or unsecured
Company Law

Company Law
S. 391 Post sanction Court cannot direct parties to enforce an obligation not existed in sanctioned scheme
Income Tax

Income Tax
No formation of opinion by AO if no scrutiny assessment made earlier
Income 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
