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Government Securities Act, 2006 & Government Securities Regulations, 2007

July 9, 2012 2760 Views 0 comment Print

Government security (G-Sec) means a security created and issued by the Government for the purpose of raising a public loan or any other purpose as notified by the Government in the Official Gazette and having one of the following forms.

Manual for Co-operative Housing Societies in Maharashtra

November 15, 2011 9291 Views 1 comment Print

Directive to be given to all co-operative Housing Societies in the Maharashtra State Under section 79 (A) of the Maharashtra Co-operative Societies Act, 1960. Model Bye Laws of Cooperative Housing Society in Maharashtra In respect of applying Co-operative Housing Societies Manual. GOVERNMENT OF MAHARASHTRA  No. SAGRUYO-2011/PRA.KRA. 360/14-SA, Co operation, Marketing and Textile Department, Date 15th […]

Section 54 exemption for amount deposited in Capital Gain Account Scheme by section 139(4) Due date

October 3, 2011 1308 Views 0 comment Print

Read the Punjab and Haryana High Court’s decision in CIT vs. Ms. Jagriti Aggarwal on Section 54 claim under the Income Tax Act. Legal insights provided.

SEBI (Issue and Listing of Securitized Debt Instruments and Security Receipts) Regulations, 2008

May 26, 2008 10659 Views 0 comment Print

These Regulations shall be called the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008.

Time barred Excise duty Refund claim paid under Protest by buyer & manufacturer

March 18, 2004 2682 Views 0 comment Print

Time barred Excise duty Refund claim paid Protest buyer manufacturer

Penalty only on Income determined by AO in excess of Income in return filed U/s. 158BC

September 20, 2001 939 Views 0 comment Print

Explore the Kerala High Court judgment in CIT vs. Shri. C. Najeeb regarding penalty on income determined under Section 158BC of the Income Tax Act. Discover key questions of law, such as whether the Tribunal’s decision to levy income tax on 15% of total receipts is correct. Dive into the intricacies of assessment and penalty proceedings, including insights on undisclosed income, civil liability, and the interpretation of Section 158BFA. Uncover the court’s findings, providing clarity on the computation of undisclosed income and the imposition of penalties in this significant tax case.

Hindu personal law requires presence of a male for constitution of HUF: SC

February 22, 2001 1956 Views 0 comment Print

Explore the Supreme Court judgment in the case of CIT Vs. Smt. Sandhya Rani Dutta, addressing pivotal questions on Hindu personal law. The ruling asserts that, according to the Dayabhaga School, a male presence is essential for the constitution of a Hindu Undivided Family (HUF). Delve into the detailed analysis of the case, where the court examines whether female heirs can form a joint Hindu family by agreement and impress upon inherited property the character of joint family property. Gain insights into the court’s interpretation and its impact on income tax assessments for the assessees involved.

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