TaxGuru.in : Legal & Tax Updates 26.01.2011

 

TaxGuru.in : Legal & Tax Updates

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Purchase Price Of Generic Unpatented APIs From Associated Enterprises Can Be Benchmarked Against The Price Of Same APIs

Posted: 26 Jan 2011 07:31 AM PST


Purchase price of generic unpatented APIs from associated enterprises can be benchmarked against the price of same APIs sold by other independent producers despite difference in quality nbsp The Mumbai bench of the Income Tax Ap

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Amount Withdrawn From Revaluation Reserve And Credited To The Profit Loss Account Cannot Be Reduced From The Book Prof

Posted: 26 Jan 2011 07:24 AM PST


Amount withdrawn from revaluation reserve and credited to the Profit amp Loss account cannot be reduced from the book profit if such amount had not increased the book profit at the time of creation of reserve nbsp Facts

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Administrative Expenses Can Not Be Disallowed Under Section 14A

Posted: 26 Jan 2011 07:08 AM PST


So far as the disallowance of administrative expenditure is concerned we feel considering the fact that there is no precise formula for proportionate disallowance no disallowance is called for for proportionate administrative cost a

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High Court Has Power To Review Its Judgement U S 260A

Posted: 26 Jan 2011 06:52 AM PST


In Commissioner of Customs and Central Excise Vs Hongo India P Ltd reported in 2009 236 ELT 417 SC the Supreme Court approved this decision in M M Thomas supra and said that the High Court possesses all powers in order to

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Transfer Pricing - Super-normal Profit Cos Must Be Excluded From Comparables DRP Must Not Pass Cursory Laconic Orders

Posted: 26 Jan 2011 06:32 AM PST


It is undisputed that these three companies have shown supernormal comparable profits as compared to the other comparable There exclusion from the list of comparable is quite correct By excluding these three companies from the compar

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TDS Rate Chart For Financial Year 2010-11 Or Assessment Year 2011-12

Posted: 26 Jan 2011 12:21 AM PST


TDS rate chart for financial year 2010-11 or Assessment year 2011-12

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Application For Enrollment As Student Of Final New Course For Conversion Form Final Old Course To New Course- CA Final

Posted: 25 Jan 2011 09:51 PM PST


Application for Enrollment As Student of Final New Course For Conversion Form Final Old Course To New Course- CA Final

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Easy Tax Preparation Software For Private Concerned Employees For Financial Year 2010-2011 And Assessment Year 2011-2012

Posted: 24 Jan 2011 05:57 PM PST


Easy and Automated Income Tax Preparation Software for Private Concerned Employees for the financial year 2010-2011 and Assessment Year 2011-2012 By this Software you can prepare Tax Calculation Form-16 SARAL-II

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