Archive for the ‘LEGAL DECISIONS’ Category
Jul-27th-2011
General Circular No. 49 /2011 No 2/10/2011-CL.V Dated the 23rd July, 2011 All Regional DirectorsAll Registrar of Companies. Sub:Online incorporation of companies within 24 hours Sir, In order to give ease to the corporate world to carry business in India, the Ministry of Corporate Affairs has been simplifying the procedures under the Companies Act, 1956.
Jul-23rd-2011
Sachin R. Tendulkar vs. Assistant Commissioner of Income-tax, Range 193 IT APPEAL NOS. 428 TO 430 AND 6862 (MUM.) OF 2008 FACTS Facts of the case, in brief, are that the assessee is a leading cricketer and filed his return of income on 31-10-2003 declaring total income of Rs. 18,51,06,510. In the computation statement
Dec-8th-2010
GE India Technology Cen. (P.) Ltd vs.Commissioner of Income-tax(SC) QUESTION The short question which arises for determination in this batch of cases is – whether the High Court was right in holding that the moment there is remittance the obligation to deduct Tax At Source (TAS) arises? Whether merely on account of such remittance
Nov-28th-2010
Commissioner of Income-tax-III vs. Modi Industrial Corporation (HC Punjab & Haryana )25.11.2009 FACT In the present case, the assessee is running a rice sheller. For the assessment year 2000-01, the assessee filed the income-tax return on 25-12-2000, declaring his income as Rs. 31,49,444. Vide order dated 26-2-2003, the Assessing Officer completed the assessment under section 143(3)
Nov-28th-2010
Chempure vs.Income-tax Officer, 14(3)(1), Mumbai (THE ITAT MUMBAI BENCH ‘B’), 07.05.2010 FACTS Assessee was purchase Rs. 1599295 from various concern concerns belong to Mr. F.H. Rizvi. During During the course of assessment proceedings, it was asked the assessee to produce those parties but the assessee failed to do so despite repeat opportunities were given by