Monday, October 17, 2011

Direct Tax Laws Oct 11 09

Immovable property can be legally and lawfully transferred/conveyed only by a registered deed of conveyance; transactions of the nature of 'GPA sales' or 'SA/GPA/WILL transfers' do not convey title and do not amount to transfer, nor can they be recognized as valid mode of transfer of immovable property - [2011] 14 taxmann 103 (SC)

Mere difficulty in successfully enforcing mortgage does not make debt bad - [2011] 14 taxmann 102 (MAD.)

For assessment year 2006-07 assessing, an individual, was under no obligation to deduct TDS on expenditure of advertisement - [2011] 14 taxmann 101 (KOL. - ITAT)

Where Tribunal's holding that award from TV game show that was earned prior to 1-4-2002, was not exigible to tax under section 115BB, had attained finality, same could not be assessed by Assessing Officer while giving effect to appellate order of Tribunal - [2011] 14 taxmann 100 (ORISSA)

No comments:

Post a Comment