| Section 145A have disabled the assessee from frequently changing the method of valuation of the stocks 
CASE LAW DETAILS Decided by: ITAT, DELHI BENCH `A' : New Delhi, In The case of: Ananta Raj proteins Ltd. v. DCIT , Appeal No.: ITA No. 890 & 891/D/2007, Decided on: June 30, 2009 RELEVENT PARAGRAPH 13. It may be mentioned that... |
| Treatment of profit on sale of shares when Assessee hold shares for more then 12 months 
SUMMARY OF CASE LAW Even after holding the shares for more than 12 months and showing such intention from the conduct, the Assessing Officer cannot replace his opinion for that of the assessee in holding that the shares are held as stock-in-trade... |
| Taxability as perquisite of Transport facility provided to an employee from his residence to office and vice- versa 
SUMMARY OF CASE LAW Transport facility provided to an employee from his residence to office and office to residence is not a perquisite within the meaning of section 17(2) of IT Act, 1961. CASE LAW DETAILS Decided by: ITAT, MUMBAI BENCH `G',... |
| For proving a gift to be genuine Assessee need to prove existence of natural love and affection 
SUMMARY OF CASE LAW For proving a gift to be genuine, the assessee-donee is required to prove the existence of natural love and affection between the donor and donee, voluntary nature of the gift and the occasion for giving gifts; for a gift to be... |
| Allowability of deduction u/s 33AC to the Assessee using ships/barges owned by the third party 
SUMMARY OF CASE LAW The ships include barges; the ships/barges owned by the third party when operated in the assessee's business, the assessee is entitled to the deduction under section 33AC. CASE LAW DETAILS Decided by: ITAT, `C' BENCH... |
| Circular on Power to grant exemption from Service tax 
Section 93 of the Finance Act, 1994 – Power to grant exemption from Service tax – Amendment in Notification No. 16/2009 – Service Tax, Dated 7-7-2009 Notification No. 35/2009-Service Tax, dated 3-9-2009 In exercise of the powers conferred by... |
| CA student can submit there details on white paper instead of Examination form 
Announcement – CA Examinations to be held in November 2009 – (05-09-2009) The Students desirous of applying for admission to CA Final, Final (New Course), PE-II, PCE and IPCE/ATC Examinations to be held in November 2009 may please note... |
| Opportunity to Newly Qualified CAs to participate in Campus Placement Programme 
Opportunity to Newly Qualified CAs to participate in Campus Placement Programme Aug-Sep,2009 at Smaller Centre upto 13.09.2009 12:00 Midnight Campus Placement Programme- August-September 2009 For The Newly Qualified Chartered Accountants Important... |
| P.S.G. & Sons Charities for the unit P.S.G. College of Technology, Coimbator approved under section 35 (1)(ii) of the Income tax Act 
NOTIFICATION NO. 64/2009, DATED 1-9-2009 It is hereby notified for general information that the organization P.S.G. & Sons Charities for the unit P.S.G. College of Technology, Coimbatore, has been approved by the Central Government for the... |
| Centre for Development of Advanced Computing, Pune approved under clause (ii) of sub-section (1) of section 35 of the Income tax Act, 1961 
NOTIFICATION NO. 63/2009, DATED 31-8-2009 It is hereby notified for general information that the organization Centre for Development of Advanced Computing, Pune has been approved by the Central Government for the purpose of clause (ii) of... |
| RBI circular on extension of last date under Agricultural Debt Waiver and Debt Relief Scheme, 2008 
RBI/2009-10/145 UBD.BPD.PCB.Cir.No 8 /13.05.006/2009-10 Dated: September 3, 2009 The Chief Executive Officer, All Primary (Urban) Co-operative Banks Dear Sir/Madam, Budget Announcement 2009-10-Extension of last date under One Time Settlement Scheme... |
| RBI circular to Stand-alone Primary Dealers – Enhancement of Minimum Net Owned Funds 
RBI/2009-10/144 IDMD.PDRD.No. 1097/ 03.64.00/2009-10 Dated: September 2, 2009 All Stand-alone Primary Dealers Dear Sir, Stand-alone Primary Dealers – Enhancement of Minimum Net Owned Funds A reference is invited to our Master Circular... |
| RBI circular on Stand-alone Primary Dealers – Increase in Call/Notice Money Borrowing Limit 
RBI/2009-10/143 IDMD.PDRD.No. 1096/ 03.64.00/2009-10 Dated: September 2, 2009 All Stand-alone Primary Dealers Dear Sir, Stand-alone Primary Dealers – Increase in Call/Notice Money Borrowing Limit Please refer to our Master Circular... |
| RBI circular on display of information regarding Local Level Committees 
RBI/2009-10/142 DBOD.No.Leg.BC. 37 /09.07.005/2009-10 Dated: September 2, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Display of information regarding Local Level Committees set up under the National Trust for the Welfare of... |
| RBI circular on Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs 
RBI/2009-10/140 UBD (PCB) BPD Cir No. 7 /13.01.000/2009-10 September 01, 2009 Chief Executive Officer of All Primary (urban) Cooperative Banks Dear Sir/ Madam Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs. Please refer... |
