ICAI News - Exams' Results

Results of Final (Old & New) Course Examinations held in November, 2010 and Information Systems Audit – Assessment Test and CPT Examination held in December, 2010 are likely to be declared on 21st January, 2011 at around 2.00 PM.-(18-12-2010)

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CIT Vs. Hotel Blue Moon, (SC) Feb2010

Issue of notice u/s143(2) within prescribed time for purpose of block assessment under chapter XIV-B is mandatory prerequisite for assessing undisclosed income detected during search conducted u/s132.
CIT Vs. Hotel Blue Moon, (SC) Feb2010

Income Tax - PGBP CaseLaw

Where non-operating P&M is part of block of assets&said block of assets is used,depreciatn is to b allowed on non-operatingP&M
CIT Vs.Bharat Alumunium(DEL)2009

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Income Tax - Case Law - April 2010

Rejection of application u/s197byAO results in an order as required u/s264&hence,revisional power vested in Commissionr u/s264 wud b attracted
L&T Vs ACIT(Bom)

Income Tax - Case Law - Aug2010

If assessee entered into forward contract to sell foreign currency at agreed price at a future date beyond last date of FY,then loss (if any) to assessee on a/c of evaluation of contract on last date of FY,would b allowable u/s28(i) of Income Tax Act
DCIT Vs.Bank of Bahrain&Kuwait,Aug13,2010 [MUM-ITAT(SB)]

ICAI News

The Articleship Stipend has been doubled by the ICAI Council. They have forwarded their recommendations for increase of Stipend to the Govt, and now it is awaiting Govt Approval :- Amarjeet Chopra

Excise Law

Credit is availble in respect of Steel Plates&MS channels used in fabricatn of chimney of Diesel Generating  Set,as capital goods
Raj.Spinning(SC)

Income Tax - TDS

if assessee made TDS in last month ofP.Y.&deposited be4 due date of filing ROI u/s139(1), deduction is to be allowed
Bapushaeb Nanasaheb Dhumal Vs. ACIT 2010

ICAI News

The Articleship Stipend has been doubled by the ICAI Council. They have forwarded their recommendations for increase of Stipend to the Govt, and now it is awaiting Govt Approval :- Amarjeet Chopra

ExciseNotificatn19.10.2010

All goods ofCETA,1985 if supplied to UnitedNations/InternationalOrganisation4their official use, have been exempted from ExciseDuty

Income Tax - TDS

If payer defaulted in making TDS on pmt to NR,then NR is liable to pay tax;however ques of pmt of AdvanceTax doesnt arise
DIT Vs.JacabsCivil Inc(DEL)

Vodafone Essar Cellulr Ltd Vs ACIT (KER.)

Charges recvd 4supply of SIM Card & Recharge coupons are not amount4services rendered but for sale of goods
Vodafone Essar Cellulr Ltd Vs ACIT (KER.)

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