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Wednesday, May 31, 2017

TAXABILITY OF RECOVERY AGENT'S SERVICES

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  TAXABILITY OF RECOVERY AGENT'S SERVICES Service tax had been imposed on recovery agent's services by the Finance ...
Monday, May 22, 2017

143[2] :- Issue of notice is equivalent to its service

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  V.R.A. Cotton Mills (P) Ltd vs. UOI (P&H High Court) March, 02nd 2012 S. 143(2): Issue of notice is equivalent to it...
Sunday, April 30, 2017

LEGAL WORDS AND PHRASES part I

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  LEGAL WORDS AND PHRASES part I A fortiori: With stronger reason"-" The Latin phrase argumentum a fortiori den...
Saturday, April 29, 2017

SC : RE-OPENED ON AUDIT OBJECTION, ACCEPTED BY DEPARTMENT IS VALID RE-OPENING.

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CST & VAT: 'Audit Objections' raised by an audit team of Auditor General can be construed as 'information'. If informat...
Friday, April 28, 2017

HC (BOM) : Taxing the bogus share holders are IT Department's job, company cannot be taxed.

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IT : Where revenue urged that assessee company received share application money from bogus shareholders, it was for revenue to proceed ...
Thursday, April 27, 2017

Penalty leviable even if assessed income is equal to returned income.

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[2010] 3 taxmann.com 99 (Mum. - ITAT) Penalty is imposable under main provisions of section 271(1)(c) and there is no need to refer t...
Wednesday, April 26, 2017

MACHINE TO MACHINE COMMUNICATIONS

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  MACHINE TO MACHINE COMMUNICATIONS Machine to Machine (`M2M' for short) communications, in which data is transferred a...

TAX EVASION VIA SHELL COMPANIES

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  TAX EVASION VIA SHELL COMPANIESEnron showed the world the trick of hiding accounting losses in special purpose vehicles (SP...
Tuesday, April 25, 2017

LtT & ST gains from PMS transactions taxable as business profits (ITAT Delhi)

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  <!--~-|**|PrettyHtmlStartT|**|-~ M/s. Radials International vs. ACIT (ITAT Delhi) Long-term & short-te...