British telecom operator Vodafone said it has filed an appeal with the Supreme Court, after the Bombay High Court dismissed its petition and ruled that the income-tax authorities have jurisdiction over tax bills in cross-border mergers.
The fifth Annual Convention on RTI concluded here today. The two days convention was attended by all stakeholders of the RTI Act, including the State Information Commissions, media and civil society organizations. Union Minister of State for IT & Telecom Sachin Pilot delivered the valedictory address. In his speech, he said that RTI in India is hailed all over the world for its role in truly empowering the common man and strengthening democracy. He felt that several issues on the demand side, however, remain to be resolved. Effort is needed in the areas of awareness generation, improving accountability and accessibility. The minister felt that technology like mobile telephone can be used for carrying out mass awareness campaigns on RTI Act. He further said that the systems need to be put in place to check misuse of the Act.
The money recovered from Harshad Mehta-led 1992 banking securities scam is lying idle. The distribution of 2,200 crore recovered from Mehta group by the custodian appointed under a Special Act by government is not taking place due to differences between two major claimants — the I-T department and banks and financial institutions (FIs) — which have lost money in the scam.
THE government plans to grant companies right to challenge pending investigations against them under the Companies Act, as it looks to put an end to harassment of firms by investigating agencies. The ministry of corporate affairs, which is reworking
Banking and financial services companies the led corporate pack as advance tax payments for July –September grew by about 14 per cent, tax department sources said. Mortgage finance major HDFC paid about Rs. 400 crore as advance tax for the quarter, w
Central Board of Trustees (CBT) on Wednesday recommended a one percentage point hike in the interest rate on employee’s provident fund (EPF) to 9.5 per cent. This would make EPF the most lucrative risk-free tax savings option.The announcement came af
Notification No. 70/2010 Feedback/Comments may be sent to Chief Commissioner (TAR) within two weeks at adc_tar@yahoo.com. Hard copy of the same may follow. PREFACE The arrears of revenue have been piling up over the years due to which it has been felt necessary to compile a ‘Hand Book’ of all legal provisions , including instructions, […]
“Scandals and scams are known even when they are being planned and executed. If audit draws attention to them forthwith in a well-published manner, such scandals can be halted mid-stride. Post-mortems are good but they can be conducted only when a pa
September 13, 2010 The Council at its 296th meeting held on 29th, 30th June, and 1st July, 2010, while considering an issue raised by CA. Sanjay Kumar Agarwal under Item No.2, “Matters of General Interest to the Profession”, decided to constitute a Group under the convenorship of CA. Nilesh Vikamsey, to examine the matter of […]
CBI on Monday moved Supreme Court seeking cancellation of the bail granted bail to B Ramalinga Raju, tainted founder of Satyam Computer Services, by Andhra Pradesh High Court in Rs 14,000-crore (Rs 140-billion) scam. The probe agency has challenged the high court decision contending that Raju, who was the Chairman of the company, may influence the witnesses majority of whom are his former employees.
