ITR Volume 333 Part 4 issue3 dated 16-05-2011

INCOME TAX REPORTS (ITR)

Volume 333 : Part 4 (Issue dated 16-5-2011)

SUBJECT INDEX TO CASES REPORTED IN THIS PART

SUPREME COURT

Salaries --Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax--Income-tax Act, 1961, ss. 192, 200, 206, 271C, 276B, 276BB-- Rajeswar Tiwari v. Nanda Kishore Roy . . . 534

High Court --Matter of civil nature--Prosecution wrongly laid--Application by accused for relief--High Court ought to interfere by using inherent powers to prevent abuse of process--Indian Penal Code, 1860, ss. 120B, 406--Code of Criminal Procedure, 1973, ss. 200, 482-- Rajeswar Tiwari v. Nanda Kishore Roy . . . 534

HIGH COURTS

Advance tax --Interest--Condition precedent--Default by assessee in estimating income and paying tax in accordance with law as on date of payment of advance tax--Assessee claiming exemption in respect of capital gains on sale of shares to holding company--Return found defective and assessee filing corrected return--By this time holding company no longer holding company--No default at time of payment of advance tax--Interest for default not chargeable--Income-tax Act, 1961, ss. 47(v), 139(9), 234B, 292B-- Prime Securities Ltd. v. Asst. CIT (Investigation) (Bom) . . . 464

----Interest--Waiver of interest--Interest on bank deposits held to be income from other sources in assessment years 1993-94, 1994-95 and 1995-96--Refusal to waive interest justified--Claim for waiver for assessment year 1996-97 to be considered--Income-tax Act, 1961, s. 234B-- Royal Stitches P. Ltd. v. Chief CIT (Mad) . . . 523

Appeal to Appellate Tribunal --Duty of Tribunal to consider reasons for decision of Commissioner (Appeals)--Assessing Officer granting opportunity to assessee to prove genuineness of alleged gift--No proof that gift was genuine--Addition to income upheld by Commissioner (Appeals)--Tribunal not justified in remanding matter to Assessing Officer--Income-tax Act, 1961, s. 254-- CIT v. Mira S. Khurana (Guj) . . . 488

----Interest-tax--Imposition of penalty on several grounds--One ground held not tenable--Matter remanded to consider other grounds-- CIT v. H. P. State Co-operative Bank (HP) . . . 441

Bad debt --Condition precedent--Law applicable--After 1-4-1989 sufficient if debt is written off in accounts--Income-tax Act, 1961, s. 36-- CIT v. Krone Communication Ltd . (Karn) . . . 497

Capital gains --Depreciable asset--Assessee claiming depreciation on asset for 21 years and thereafter discontinuing claim--Sale of asset after two years--Profit on sale of depreciable asset is short-term capital gains--Income-tax Act, 1961, s. 50-- CIT v. Sakthi Metal Depot (Ker) . . . 492

----Sale of shares--Finding that profits on sale of shares are capital gain as shares not treated as stock-in-trade but shown under investment portfolio--Finding of fact--Income-tax Act, 1961--CBDT Circular No. 4 of 2007 dated 15-6-2007-- CIT v. Jubilant Securities P. Ltd . (Delhi) . . . 445

Export --Special deduction under section 80HHC--Computation of special deduction--Exports and domestic sales--Calculation of turnover--Scrap sales and insurance--Income from scrap sales part of business profits--Insurance receipt on loss of goods part of business profits--Matter remanded--Income-tax Act, 1961, s. 80HHC-- CIT v. Kar Mobiles Ltd . (Ker) . . . 478

----Special deduction--Computation--Excise duty and sales tax not part of turnover--90 per cent. of net commission to be taken into account in determining projects of business--Income-tax Act, 1961, s. 80HHC-- CIT v. Krone Communication Ltd. (Karn) . . . 497

Interest-tax --Penalty--Presumption against assessee in case of non-filing of return within time under Income-tax Act not applicable to income-tax proceedings--Grounds for imposition of penalty laid down in section 13 of Interest-tax Act--Interest-tax Act, 1974, ss. 13, 21--Income-tax Act, 1961, s. 271(1)(c)-- CIT v. H. P. State Co-operative Bank (HP) . . . 441

Kar Vivad Samadhan Scheme --Declaration by assessee--Certificate issued and later amended making additions--Amendment order not determination order--No time limit specified for payment in terms of amendment order--Assessee making payment in reasonable time as per amendment orders--Assessee entitled to certificate under section 90(2)--Finance (No. 2) Act, 1998, ss. 88, 89, 90-- Sri Balaji Finance v. ITO (Mad) . . . 512

----Declaration by assessee--Certificate issued--Later designated authority finding mistake and making amendments--Not a reopening of assessment--Amendment can be made at any stage-- Finance (No. 2) Act, 1998, s. 90--Income-tax Act, 1961, s. 140A-- Sri Balaji Finance v. ITO (Mad) . . . 512

Penalty --Failure to deduct tax at source--Limitation--Order of penalty passed after expiry of six months from end of month in which show-cause notice issued--Barred by limitation--Income-tax Act, 1961, ss. 271C, 275(1)(c)-- CIT (TDS) v. Ikea Trading Hong Kong Ltd. (Delhi) . . . 565

Reassessment --Conditions precedent--Notice after four years--Based on subsequent amendment of law with retrospective effect--No dispute that there was no failure on part of assessee to disclose fully and truly all material facts--Notices invalid--Income-tax Act, 1961, ss. 147, 148-- Sadbhav Engineering Ltd . v. Deputy CIT (Guj) . . . 483

----Reassessment after four years based on audit report--Assessee disclosing truly and completely material particulars--Tribunal cancelling reassessment holding proceedings based on change of opinion--Proper--Income-tax Act, 1961, ss. 143(3), 147, 148--Circular dated 28-7-1960-- CIT v. Simbhaoli Sugar Mills Ltd . (Delhi) . . . 470

Return --Revised return--Revised return filed after intimation under section 143(1)(a) but within time limit--Duty of Assessing Officer to process--Income-tax Act, 1961, ss. 139(5), 143(1B)-- CIT v. Himgiri Foods Limited (Guj) . . . 508

Revision --Commissioner--Powers--Scope of section 263--Order of Assessing Officer in consonance with decisions of Tribunal--Revision to recompute special deduction not valid--Income-tax Act, 1961, s. 263-- CIT v. Honda Siel Power Products Ltd. (Delhi) . . . 547

Search and seizure --Assessment in search cases--Assessment of income of third person--Condition precedent for notice under section 153C--Valuable thing or document should belong to such third person--Income-tax Act, 1961, s. 153C-- Vijaybhai N. Chandrani v. Asst. CIT (Guj) . . . 436

----Block assessment--Limitation--Assessment of third person--Notice issued under section 158BC--But later fresh notice issued under correct section, section 158BD--Time for making assessment to be reckoned from first notice--Assessment barred by time--Income-tax Act, 1961, ss. 158BC, 158BD, 158BE(2)(b)-- CIT v. K. M. Gamesman (Mad) . . . 562

----Block assessment--Limitation--Last panchanama is document evidencing conclusion of actual search--Block assessment to be within two years from such date--Prohibitory order under section 132(3) in force for 60 days--Lifting prohibitory order after 60 days does not amount to continuation of search--Not to be taken into account for ascertaining date of execution of last warrant of authorisation--Income-tax Act, 1961, ss. 132, 158BE-- Rakesh Sarin v.Deputy CIT (Mad) . . . 451

Writ --Maintainability--Block assessment--Appeal before Commissioner (Appeals) against assessment on merits--Writ petition--Maintainable--Constitution of India, art. 226-- Rakesh Sarin v. Deputy CIT (Mad) . . . 451

SECTIONWISE INDEX TO CASES REPORTED IN THIS PART

Code of Criminal Procedure, 1973 :

Ss. 200, 482 --High Court--Matter of civil nature--Prosecution wrongly laid--Application by accused for relief--High Court ought to interfere by using inherent powers to prevent abuse of process-- Rajeswar Tiwari v. Nanda Kishore Roy (SC) . . . 534

Constitution of India :

Art. 226 --Writ--Maintainability--Block assessment--Appeal before Commissioner (Appeals) against assessment on merits--Writ petition--Maintainable--Rakesh Sarin v. Deputy CIT (Mad) . . . 451

Finance (No. 2) Act, 1998 :

Ss. 88, 89, 90 --Kar Vivad Samadhan Scheme--Declaration by assessee--Certificate issued and later amended making additions--Amendment order not determination order--No time limit specified for payment in terms of amendment order--Assessee making payment in reasonable time as per amendment orders--Assessee entitled to certificate under section 90(2)-- Sri Balaji Finance v. ITO (Mad) . . . 512

S. 90 --Kar Vivad Samadhan Scheme--Declaration by assessee--Certificate issued--Later designated authority finding mistake and making amendments--Not a reopening of assessment--Amendment can be made at any stage-- Sri Balaji Finance v. ITO (Mad) . . . 512

Income-tax Act, 1961 :

S. 36 --Bad debt--Condition precedent--Law applicable--After 1-4-1989 sufficient if debt is written off in accounts-- CIT v. Krone Communication Ltd .(Karn) . . . 497

S. 47(v) --Advance tax--Interest--Condition precedent--Default by assessee in estimating income and paying tax in accordance with law as on date of payment of advance tax--Assessee claiming exemption in respect of capital gains on sale of shares to holding company--Return found defective and assessee filing corrected return--By this time holding company no longer holding company--No default at time of payment of advance tax--Interest for default not chargeable-- Prime Securities Ltd. v. Asst. CIT (Investigation) (Bom) . . . 464

S. 50 --Capital gains--Depreciable asset--Assessee claiming depreciation on asset for 21 years and thereafter discontinuing claim--Sale of asset after two years--Profit on sale of depreciable asset is short-term capital gains-- CIT v. Sakthi Metal Depot (Ker) . . . 492

S. 80HHC --Export--Special deduction under section 80HHC--Computation of special deduction--Exports and domestic sales--Calculation of turnover--Scrap sales and insurance--Income from scrap sales part of business profits--Insurance receipt on loss of goods part of business profits--Matter remanded-- CIT v. Kar Mobiles Ltd . (Ker) . . . 478

----Export--Special deduction--Computation--Excise duty and sales tax not part of turnover--90 per cent. of net commission to be taken into account in determining projects of business-- CIT v. Krone Communication Ltd. (Karn) . . . 497

S. 132 --Search and seizure--Block assessment--Limitation--Last panchanama is document evidencing conclusion of actual search--Block assessment to be within two years from such date--Prohibitory order under section 132(3) in force for 60 days--Lifting prohibitory order after 60 days does not amount to continuation of search--Not to be taken into account for ascertaining date of execution of last warrant of authorisation-- Rakesh Sarin v. Deputy CIT (Mad) . . . 451

S. 139(5) --Return--Revised return--Revised return filed after intimation under section 143(1)(a) but within time limit--Duty of Assessing Officer to process--CIT v. Himgiri Foods Limited (Guj) . . . 508

S. 139(9) --Advance tax--Interest--Condition precedent--Default by assessee in estimating income and paying tax in accordance with law as on date of payment of advance tax--Assessee claiming exemption in respect of capital gains on sale of shares to holding company--Return found defective and assessee filing corrected return--By this time holding company no longer holding company--No default at time of payment of advance tax--Interest for default not chargeable-- Prime Securities Ltd. v. Asst. CIT (Investigation) (Bom) . . . 464

S. 140A --Kar Vivad Samadhan Scheme--Declaration by assessee--Certificate issued--Later designated authority finding mistake and making amendments--Not a reopening of assessment--Amendment can be made at any stage-- Sri Balaji Finance v. ITO (Mad) . . . 512

S. 143(1B) --Return--Revised return--Revised return filed after intimation under section 143(1)(a) but within time limit--Duty of Assessing Officer to process--CIT v. Himgiri Foods Limited (Guj) . . . 508

S. 143(3) --Reassessment--Reassessment after four years based on audit report--Assessee disclosing truly and completely material particulars--Tribunal cancelling reassessment holding proceedings based on change of opinion--Proper--Circular dated 28-7-1960-- CIT v. Simbhaoli Sugar Mills Ltd . (Delhi) . . . 470

S. 147 --Reassessment--Conditions precedent--Notice after four years--Based on subsequent amendment of law with retrospective effect--No dispute that there was no failure on part of assessee to disclose fully and truly all material facts--Notices invalid-- Sadbhav Engineering Ltd . v. Deputy CIT (Guj) . . . 483

----Reassessment--Reassessment after four years based on audit report--Assessee disclosing truly and completely material particulars--Tribunal cancelling reassessment holding proceedings based on change of opinion--Proper--Circular dated 28-7-1960-- CIT v. Simbhaoli Sugar Mills Ltd . (Delhi) . . . 470

S. 148 --Reassessment--Conditions precedent--Notice after four years--Based on subsequent amendment of law with retrospective effect--No dispute that there was no failure on part of assessee to disclose fully and truly all material facts--Notices invalid-- Sadbhav Engineering Ltd . v. Deputy CIT (Guj) . . . 483

----Reassessment--Reassessment after four years based on audit report--Assessee disclosing truly and completely material particulars--Tribunal cancelling reassessment holding proceedings based on change of opinion--Proper--Circular dated 28-7-1960-- CIT v. Simbhaoli Sugar Mills Ltd . (Delhi) . . . 470

S. 153C --Search and seizure--Assessment in search cases--Assessment of income of third person--Condition precedent for notice under section 153C--Valuable thing or document should belong to such third person-- Vijaybhai N. Chandrani v. Asst. CIT (Guj) . . . 436

S. 158BC --Search and seizure--Block assessment--Limitation--Assessment of third person--Notice issued under section 158BC--But later fresh notice issued under correct section, section 158BD--Time for making assessment to be reckoned from first notice--Assessment barred by time-- CIT v. K. M. Gamesman (Mad) . . . 562

S. 158BD --Search and seizure--Block assessment--Limitation--Assessment of third person--Notice issued under section 158BC--But later fresh notice issued under correct section, section 158BD--Time for making assessment to be reckoned from first notice--Assessment barred by time-- CIT v. K. M. Gamesman (Mad) . . . 562

S. 158BE --Search and seizure--Block assessment--Limitation--Last panchanama is document evidencing conclusion of actual search--Block assessment to be within two years from such date--Prohibitory order under section 132(3) in force for 60 days--Lifting prohibitory order after 60 days does not amount to continuation of search--Not to be taken into account for ascertaining date of execution of last warrant of authorisation-- Rakesh Sarin v. Deputy CIT(Mad) . . . 451

S. 158BE(2)(b) --Search and seizure--Block assessment--Limitation--Assessment of third person--Notice issued under section 158BC--But later fresh notice issued under correct section, section 158BD--Time for making assessment to be reckoned from first notice--Assessment barred by time-- CIT v. K. M. Gamesman (Mad) . . . 562

S. 192 --Salaries--Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax-- Rajeswar Tiwariv. Nanda Kishore Roy (SC) . . . 534

S. 200 --Salaries--Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax-- Rajeswar Tiwariv. Nanda Kishore Roy (SC) . . . 534

S. 206 --Salaries--Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax-- Rajeswar Tiwariv. Nanda Kishore Roy (SC) . . . 534

S. 234B --Advance tax--Interest--Condition precedent--Default by assessee in estimating income and paying tax in accordance with law as on date of payment of advance tax--Assessee claiming exemption in respect of capital gains on sale of shares to holding company--Return found defective and assessee filing corrected return--By this time holding company no longer holding company--No default at time of payment of advance tax--Interest for default not chargeable-- Prime Securities Ltd. v. Asst. CIT (Investigation) (Bom) . . . 464

----Advance tax--Interest--Waiver of interest--Interest on bank deposits held to be income from other sources in assessment years 1993-94, 1994-95 and 1995-96--Refusal to waive interest justified--Claim for waiver for assessment year 1996-97 to be considered-- Royal Stitches P. Ltd. v. Chief CIT (Mad) . . . 523

S. 254 --Appeal to Appellate Tribunal--Duty of Tribunal to consider reasons for decision of Commissioner (Appeals)--Assessing Officer granting opportunity to assessee to prove genuineness of alleged gift--No proof that gift was genuine--Addition to income upheld by Commissioner (Appeals)--Tribunal not justified in remanding matter to Assessing Officer-- CIT v. Mira S. Khurana (Guj) . . . 488

S. 263 --Revision--Commissioner--Powers--Scope of section 263--Order of Assessing Officer in consonance with decisions of Tribunal--Revision to recompute special deduction not valid-- CIT v. Honda Siel Power Products Ltd. (Delhi) . . . 547

S. 271(1)(c) --Interest-tax--Penalty--Presumption against assessee in case of non-filing of return within time under Income-tax Act not applicable to income-tax proceedings--Grounds for imposition of penalty laid down in section 13 of Interest-tax Act-- CIT v. H. P. State Co-operative Bank (HP) . . . 441

S. 271C --Penalty--Failure to deduct tax at source--Limitation--Order of penalty passed after expiry of six months from end of month in which show-cause notice issued--Barred by limitation-- CIT (TDS) v. Ikea Trading Hong Kong Ltd. (Delhi) . . . 565

----Salaries--Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax-- Rajeswar Tiwari v.Nanda Kishore Roy (SC) . . . 534

S. 275(1)(c) --Penalty--Failure to deduct tax at source--Limitation--Order of penalty passed after expiry of six months from end of month in which show-cause notice issued--Barred by limitation-- CIT (TDS) v. Ikea Trading Hong Kong Ltd. (Delhi) . . . 565

S. 276B --Salaries--Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax-- Rajeswar Tiwariv. Nanda Kishore Roy (SC) . . . 534

S. 276BB --Salaries--Duty to deduct estimated tax and pay to authority--Failure to deduct and pay--Attracts penalty of amount equal to tax-- Rajeswar Tiwari v. Nanda Kishore Roy (SC) . . . 534

S. 292B --Advance tax--Interest--Condition precedent--Default by assessee in estimating income and paying tax in accordance with law as on date of payment of advance tax--Assessee claiming exemption in respect of capital gains on sale of shares to holding company--Return found defective and assessee filing corrected return--By this time holding company no longer holding company--No default at time of payment of advance tax--Interest for default not chargeable-- Prime Securities Ltd. v. Asst. CIT (Investigation) (Bom) . . . 464

Indian Penal Code, 1860 :

S. 120B --High Court--Matter of civil nature--Prosecution wrongly laid--Application by accused for relief--High Court ought to interfere by using inherent powers to prevent abuse of process-- Rajeswar Tiwari v. Nanda Kishore Roy (SC) . . . 534

S. 406 --High Court--Matter of civil nature--Prosecution wrongly laid--Application by accused for relief--High Court ought to interfere by using inherent powers to prevent abuse of process-- Rajeswar Tiwari v. Nanda Kishore Roy (SC) . . . 534

Interest-tax Act, 1974 :

Ss. 13, 21 --Interest-tax--Penalty--Presumption against assessee in case of non-filing of return within time under Income-tax Act not applicable to income-tax proceedings--Grounds for imposition of penalty laid down in section 13 of Interest-tax Act-- CIT v. H. P. State Co-operative Bank (HP) . . . 441

For transfer pricing adjustment, assessee should take same class of transa

For transfer pricing adjustment, assessee should take same class of transactions for comparing profit with comparables

Income-tax : When the comparables are not licensee manufacturers of the similar commodity then it would not satisfy the requirement of the law as well as the rules prescribed under the Statute for comparing profit with comparables [Section 92C of the Income-tax Act, 1961 - Transfer Pricing] - [2011] 10 taxmann.com 125 (Mum. - ITAT)

Where assessee installed machinery on its bona fide business consideration,

Where assessee installed machinery on its bona fide business consideration, absence of proof of actual use thereof was not enough to deny claim for depreciation - [2011] 10 taxmann.com 84 (Punj. & Har.)

Remittances for acquisition of 'TALO' processes (used in sugar industry) by

Remittances for acquisition of `TALO' processes (used in sugar industry) by assessee on a non-exclusive basis from U.K. can't be construed as royalties

Income-tax : Consideration paid by assessee for transfer of drawings, designs, etc., outside India by an English company, having expertise in TALO processes, to the assessee did not constitute royalty "as contemplated under Article 13 of the DTAA" [Section 9 of the Income-tax Act, 1961 - Income - Deemed to accrue or arise in India - Indo-UK Tax Treaty - Article 13 (Royalties and Fees for Technical Services)] - [2011] 10 taxmann.com 124 (Delhi)

Even if assessee, on a bona fide calculation, found that no advance tax was

Even if assessee, on a bona fide calculation, found that no advance tax was payable, still liability of interest under section 234B would be attracted on income assessed under section 143(1) or 143(3) - [2011] 10 taxmann.com 107 (Punj. & Har.)

ITR Highlights Volume 334 Part 1 Dated 30.05.2011

INCOME TAX REPORTS (ITR) HIGHLIGHTS

ISSUE DATED 30-5-2011

Volume 334 Part 1

SUPREME COURT JUDGMENTS

--> Interest-tax : Supreme Court remanding matter to determine questions that arose, such as whether assessee "credit institution" and decide them : Motor and General Finance Ltd. v. CIT p. 33

HIGH COURT JUDGMENTS

--> AO not considering explanation of assessee that it was under bona fide belief that there was no liability to deduct taxes : Matter remanded : CIT v. Nissin Food Products Co. Ltd. (Karn) p. 1

--> Machinery purchased and installed in earlier accounting year : Assessee not entitled to deduction u/ss. 80HH and 80-I : CIT v. Wipro Ltd. (Karn) p. 6

--> Period of limitation for filing loss return not applicable for carrying forward of unabsorbed depreciation : CIT v. Govind Nagar Sugar Ltd. (Delhi) p. 13

--> Addition on ground transaction not genuine : Receipt of commission shown by company in return and tax paid : Matter remanded : Pawan Kumar Jain v. CIT (Delhi) p. 23

--> Reassessment : Notice : Date of issue would be date on which notice was handed over for service to proper officer : Kanubhai M. Patel (HUF) v. Hiren Bhatt or his successors to office (Guj) p. 25

--> Order confirming auction sale not conclusive : Appeal to Commissioner maintainable : Vijay Kumar Ruia v. CIT (All) p. 38

--> Land acquired by succession from ex-Ruler of Indian State who acquired it under instrument of annexation : Cost of acquisition to be taken as market value as on 1-1-54 or 1-1-64, as the case may be : CIT v. Raja Malwinder Singh (P&H) [FB] p. 48

--> Provision for warranty liability : Actual expenditure more than provision : Deductible : Himalaya Machinery P. Ltd. v. Deputy CIT (Guj) p. 64

--> Failure by person responsible for paying income to deduct and pay tax at source : Assessee liable to pay tax directly but not liable to pay interest u/s. 234B : Director of Income-tax v. Maersk Co. Ltd. (Uttarakhand) [FB] p. 79

--> Assessee seeking revision for AY 1995-96 pursuant to orders in appeal for later years but withdrawing its appeals to Tribunal : Commissioner ought to have considered petition for condonation of delay liberally : Subuthi Finance Ltd. v. CIT (Mad) p. 90

--> Attachment of property : Entire shareholding of assessee in company attached : High Court directed to restrict attachment to a part of shareholding : Subuthi Finance Ltd. v. CIT (Mad) p. 90

AUTHORITY FOR ADVANCE RULINGS

--> Non-resident company transferring shares held in Indian company to foreign company : Capital gains not taxable : VNU International B. V., In re p. 56

--> Foreign company holding 74 per cent. of paid up capital of Indian company proposed to contribute voluntarily entire 74 per cent. shares to Singapore based company without consideration : No capital gains : Goodyear Tire and Rubber Co., In re p. 69

STATUTES AND NOTIFICATIONS

--> From our Reporter at the Supreme Court :

Appellate Tribunal : No power of review p. 1

Block assessment : Limitation for issue of notice p. 1

Block assessment : Limitation for assessment : Date of last panchnama p. 1

Educational institution : Approval of institution p. 2

Educational institution : Prescribed authority to recall or review approval p. 2

Penalty : Concealment of income : Whether leviable whether there was a net loss p. 3

Revision : Erroneous and prejudicial to Revenue p. 3

Royalty : Payments for use of international communications network p. 3

 Rules :

Income-tax (Third Amendment) Rules, 2011 p. 6

C. B. D. T. Circulars :

Circular No. 3 of 2011, dated 13th May, 2011-Issuance of TDS Certificates in Form No. 16A downloaded from TIN website and option to authenticate the same by way of digital signature-Circular under section 119 of the Income-tax Act, 1961 p. 4

===========================================================

Dear Friends : The emails are schedule to be posted in the blog and will sent to the group on carious dates and time fixed. Instead of sending it on one day it is spread on various dates. regards. R R Makwana