UPDATES FROM TAX GURU 23.09.2009

UPDATES FROM TAX GURU



In determining head for profit/loss on sale of shares intention of Assessee also need to be look into


SUMMARY OF CASE LAW Where the intention of the assessee-company was to purchase and hold the shares of group companies as investment, the loss arising from transactions in the said shares was assessable under the head "income from other...

Activities related to freight forwarding cannot be brought under CHA Services


CASE LAW DETAILS Decided by: CESTAT, SOUTH ZONAL BENCH, BANGLAORE,  In The case of: DHL Lemuir Logistics Pvt. Ltd.  V Commissioner of Service Tax , Appeal No.:, Service Tax Appeal No. 389/2007, Decided on June 29, 2009 RELEVENT PARAGRAPH 6. We...

Income Tax Refund for A.Y. 2008-09 may get delayed


Even as income-tax payers grapple with non-acceptance of their returns, it's surely not a good time to expect refunds. Refunds across the country will be enormously delayed as the software at the new Centralised Processing Centre (CPC) of the...

Listed companies may soon have to get done Quarterly cost audit


Quarterly cost audit by internal auditors in the listed companies should be explored in consultation with the market regulator SEBI to improve corporate governance, an expert group appointed by Corporate Affairs Ministry has suggested. "The...

Merchant Overtime Fee- Dispute on overtime


By CA. Pradeep Jain and Sukhvinder Kaur [LLB (FYIC)] Merchant overtime fee (MOT charges) are the charges which are required to be paid by the exporter/ assessee who is availing the services of Central Excise Officers, in accordance with any...

With Regards, 
CA Sandeep Kanoi 
Website: http://www.taxguru.in/ 
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UPDATES FROM TAXGURU