UPDATES FROM TAX GURU 10.05.2009

UPDATES FROM TAX GURU

INCOME TAX FORMS IN EXCEL, WORD & PDF FORMAT

Posted: 10 May 2009 12:50 AM PDT


On the request of my viewers I have uploaded some of the Income Tax forms in Excel, Word and PDF Format. Although, I haven't uploaded all the forms but I uploaded most of the important forms. If any...

Prerequisite of section 12AA of IT Act for rejection of registration of a trust

Posted: 10 May 2009 10:06 AM PDT


CASE LAW DETAILS Decided by:. ITAT, MUMBAI BENCHES `G', MUMBAI, In The case of: Memorial Medical Association v CIT, Appeal No. : ITA No. 2957/Mum/2006, Decided on: March 18, 2009 SUMMARY OF...

Non-compete right' acquired by an assessee is eligible for depreciation under clause (ii) of section 32(1) of IT Act

Posted: 10 May 2009 09:23 AM PDT


CASE LAW DETAILS Decided by:. ITAT, BENCH `A' CHENNAI, In The case of: ITO v Medicorp Technologies India Ltd., Appeal No. : ITA No. 2328/Mds/2007, Decided on: January 16, 2009 SUMMARY OF CASE...

When information available in public domain is not sufficient to make the comparisons possible, then some approximations and reasonable assumptions are to be made

Posted: 10 May 2009 09:05 AM PDT


CASE LAW DETAILS Decided by:. ITAT, PUNE `A' BENCH, PUNE , In The case of: Skoda Auto India Pvt. Ltd. v ACIT, Appeal No. : ITA No. 202/PN/07, Decided on: March 12, 2009 SUMMARY OF CASE LAW It...

AAR on Allowability of deduction under sections 36(1)(viii) and 36(1)(viiia) of IT Act claimed by a Government company

Posted: 10 May 2009 09:00 AM PDT


ADVANCE RULING DETAILS Decided by:. THE AUTHORITY FOR ADVANCE RULINGS (INCOME-TAX) NEW DELHI, In The case of: Rural Electrification Corpn. Ltd., In re , Appeal No. : AAR NO. 759 OF 2007, Ruling...

Sharing of knowledge shall not be called as consulting engineering service when expertise acquired by a concern is also used for its own benefit along with others

Posted: 10 May 2009 08:52 AM PDT


CASE LAW DETAILS Decided by:. CESTAT, PRINCIPAL BENCH, NEW DELHI, In The case of: Nyco S. A. v. CST, Appeal No. : STA No. 19 & 27 of 2007 –Cus. , Decided on: February 23, 2009   RELEVENT...

Contract for sale of goods will not be covered within ambit of section 194C of Income Tax Act, 1961

Posted: 10 May 2009 08:45 AM PDT


CASE LAW DETAILS Decided by:. ITAT, MUMBAI BENCHES `G' MUMBAI, In The case of: Glenmark Pharmaceuticals Ltd. v ITO (TDS),  Appeal No. : ITA NO. 935/Mum./2007, Decided on: March 5,...

Allowability of loss to be carried forward and set off against future income U/s. 80 of IT Act

Posted: 10 May 2009 08:42 AM PDT


CASE LAW DETAILS Decided by:. HIGH COURT OF DELHI , In The case of: CIT v Nalwa Investment Ltd , Appeal No. : ITA NO. 335/2006, Decided on: February 6, 2009 SUMMARY OF CASE LAW Provision of section...

Mere fact of confirmation of addition cannot per se lead to confirmation of penalty U/s. 271(1)(c) of IT Act

Posted: 10 May 2009 08:36 AM PDT


CASE LAW DETAILS Decided by:. ITAT, MUMBAI BENCH `A', MUMBAI  In The case of: ACIT v. VIP Industries Ltd.  Appeal No. : ITA No. 4524/Mum/2006 Decided on: March 20, 2009 SUMMARY OF CASE...

Limitation of time is not a determining factor in matters relating to remission or cessation of liabilities

Posted: 10 May 2009 08:27 AM PDT


CASE LAW DETAILS Decided by:. ITAT, `D' BENCH, MUMBAI  In The case of: DSA Engineers (Bombay) v  ITO  Appeal No. : ITA NO. 5354/Mum/2007 Decided on: March 12, 2009 SUMMARY OF CASE LAW When...

CVC launches prosecution against 5 CBEC officers; imposes major penalty on three CBDT officials

Posted: 10 May 2009 07:58 AM PDT


THE general perception about vigilance cases among Government officials is that the launching of a vigilance case takes no time but closure becomes indefinite. Dispelling such a myth the Central...

With Regards, 
Sandeep Kanoi 
Website: http://www.taxguru. in/ 
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