Monday, December 2, 2013

[aaykarbhavan] Fw: Nine reasons for getting a tax notice



On Tuesday, 3 December 2013 6:07 AM, Tax notice <camail@cainindia.org> wrote:
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Hi there,
Greetings of the day!
Empanelment of Chartered Accountant firms with the O/o C&AG for the year 2014-2015.
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI-110124.Empanelment of Chartered Accountant firms for the year 2014-2015  Applica...
President's Message - December 2013
Dear Friends, We have come quite close to end of the year 2013. And, I must admit we have really come a very long way from our formative years. Look at the way we have progressed and grow...
Committee for Cooperatives & NPO Sectors jointly with Committee on Public Finance and Committee on Management Accounting is organizing a "National Conference on "Waves of Change, Oceans of Opportunity" on 7th and 8th December, 2013 at Ghaziabad.
National Conference on "Waves of Change, Oceans of Opportunity" Organised by ...
Commencement of Registration for the Certificate Course on International Taxation at Chennai tentatively from Sunday 8th December, 2013.
Commencement of Registration for the Certificate Course on International Taxation ­ Chennai Dear Members, We are pleased to announce that the Committee on International Taxation of ICAI h...
VAT reality for your new flat
The Supreme Court, in the case of Larsen & Toubro, recently upheld the constitutional validity of VAT levied by State governments on the sale of under-construction flats. It mentioned that the con...
Govt decision to slash VAT boosts air links with city
Two days after the state cabinet slashed the Value Added Tax (VAT) on Air Turbine Fuel (ATF) from 20 per cent to five per cent, requests have poured in from both international and domestic carriers to...
Nine reasons for getting a tax notice
The Income Tax Department has launched a drive to ensure greater tax compliance. In recent months, thousands of taxpayers have been served notices after discrepancies were noted in their tax returns o...
Airline's payment for lounge services not rent: Tax tribunal
The Income Tax Department has launched a drive to ensure greater tax compliance. In recent months, thousands of taxpayers have been served notices after discrepancies were noted in their tax returns o...
Income Tax department reveals top 10 assessees in all catagories
Directors of Kamal Sponge Steel and Power Kamaljeet Singh Ahluwalia and Prashant Ahluwalia, both facing CBI probe in coal scam, are in the list of top 10 Income Tax assessees in the 'Individual&...
RBI-Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
RBI/2013-14/387DBOD. No. Dir. BC.71/13.03.00/ 2013-14 November 29, 2013 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir/ Madam Deregulation of Interest Rates on Non-Resident (External) Rup...
RBI-Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2013-14/384DBOD. AML.No.10604/14.01.001/2013-14 November 29, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear S...
ICOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI CONSTITUTION FOR THE WEEK FROM 02/12/2013 TO 05/12/2013
ICOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI CONSTITUTION FOR THE WEEK FROM 02/12/2013 TO 05/12/2013 For more information...
INCOME TAX APPELLATE TRIBUNAL : BANGALORE BENCHES : BANGALORE CONSTITUTION FOR THE WEEK FROM 02/12/2013 TO 05/12/2013
INCOME TAX APPELLATE TRIBUNAL : BANGALORE BENCHES : BANGALORE CONSTITUTION FOR THE WEEK FROM 02/12/2013 TO 05/12/2013 For more information...
Amendment Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs)...
Regarding lowering of the threshold for e-payment to rupees one lakh
F.No: 137/116/2012- Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Service Tax Wing ***   New Delhi the 22nd November...
Oracle India Pvt. Ltd vs. CIT (Delhi High Court)
S. 37(1): Expenditure on acquiring master copy of software subject to obsolescence is deductible as revenue expenditure The assessee entered into a license agreement with Oracle Corp under which it a...
Vodafone India Services Pvt. Ltd (No. 2) vs. UOI (Bombay High Court)
Transfer Pricing: Existence of income is a jurisdictional requirement for the applicability of T. P. provisions. AO must deal with it after giving personal hearing before making reference to TPO. The ...
Cadbury India Ltd vs. ACIT (ITAT Mumbai)
Transfer Pricing: ALP of royalty for trademark usage and technical know-how fee can be determined as per TNMM. Approval of RBI & Govt. means payment is as at arms length The assessee entered into...
CIT vs. Riyaz A. Sheikh (Bombay High Court)
Amount received by partner on his retirement is not chargeable to tax as capital gains The assessee, a partner in a firm, received Rs. 66 lakhs over and above his capital contribution on his retireme...
Poompuhar Shipping Corporation Ltd vs. ITO (Madras High Court)
S. 9(1)(vi)/ Article 12: Equipment rental is taxable as "royalty" even if payer does not have control. The retrospective insertion of Explanation 5 to s. 9(1)(vi) is purely clarificatory ...
WTO says 'breakthrough' in trade talks with customs accord
The World Trade Organisation said today that negotiators have made a breakthrough in talks towards a major trade deal, just two days after the agency's chief signaled a stalemate. Diplomats in Geneva...
Industries Ministry wants Customs duty on capital goods raised
The Ministry of Heavy Industries has told the Parliamentary Standing Committee on Industry that it favours an increase in customs duty on capital goods. In its response to the panel's recommend...
ACIT Circle-II, Vs. M/s Laksons Footwear P. Ltd. Faridabad. Plot no. 131 Sector-24, Faridabad.
IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH "D" NEW DELHI BEFORE SHRI R.P. TOLANI AND SHRI T.S. KAPOOR ITA No. 2547 & 2548...
M/s.Sagar Associates Darshanam, Opp.Gulmohar Society Gotri, Baroda-390 021 Vs. 1. The Income Tax Officer Ward-2(2) Baroda
, Û , , , IN THE INCOME TAX APPELLATE TRIBUNAL "B" BENCH, AHMEDABAD BEFORE SHRI D.K. TYAGI, JUDICIAL MEMBER And ...
ACIT - 22(3), 3rd Floor, Tower No. 6, Vashi Rly Station Complex, Vashi, Navi Mumbai Vs M/s IRB Infrastructure Developers Ltd.,
` "" IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH "I", MUMBAI .. , , ...

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CAinINDIA Team
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