CASE OF: Vineetkumar Raghavjibhai Bhalodia vs. ITO (ITAT Rajkot)
The assessee received a gift of Rs.60 lakhs from his HUF. The AO & CIT(A) held that as HUF was not covered by the definition of “relative”, the gift was chargeable to tax u/s 56(2)(v). The alternate submission that gift was exempt u/s 10(2)was rejected on the basis that s. 10(2) applied only to amounts received “out of income of the estate” on partial or total partition of the HUF. On appeal by the assessee, HELD...
Thursday, June 30, 2011
Registration Of Lawyers For Service Tax Stayed By Madras High Court
The Revenue Bar Association, Madras, filed a Writ Petition in the Madras High Court challenging the validity of levy of service-tax on “legal consultancy services”. The Court has passed an order of interim injunction dated 24.06.2011 restraining the Ministry of Finance from compelling the members of the Petitioner from registering themselves with the service tax authorities andcollecting service-tax from them until further orders.
Click here to download Madras HC order dated...
New services at NSDL website
Two new services started at NSDL website PAN view - Taxpayer view for TDS/TCS credit (from F. Y. 2005-06 onwards) at https://onlineservices.tin.nsdl.com/TIN/JSP/form16A/LinkToUnauthorizedPanView.jsp
To know whether your deductor/collector has filed quarterly TDS/TCS statement and provided your PAN, provide details as below.
PAN of the Deductee:
TAN of the Deductor:
Financial Year:SELECT 2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06
Verification...
Extension in date of Package scheme of incentives-2007 to 31/08/2011
Forwarded MSG attached.
Dear Friends
The PCI(Maharashtra) 2007 has extended upto 31/08/2011 the GR is attached
Click here to download the GR passed:http://dhavaldesaisays.files.wordpress.com/2011/06/20110630125414001.pdf
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Tuesday, June 28, 2011
AIR Related scrutiny assessments should be limited to info in AIR
FORWARDED MSG ATTACHED OF MR. Hiten Gada
Dear All,
Please go through the letter from CBDT in this behalf addressed to all the
CCITs and DGITs.
The assessment for AY 2009-10 are now taken up for hearing. Please make use
of this letter to convey to officer that scope of inquiry should be
restricted to matter reported in AIR If he is extending the scope in its
questionnaire they send, you may reply against the same asking for a copy of
AIR info and please ask him to restrict his scope.
I believe...
Saturday, June 18, 2011
High Court stay for Service tax on bar attached hotels
It is understood from reliable sources that Kerala High Court has granted stay for two months on service tax on Bar attahced hotels.
Service tax on Air conditioned Restaurent (Bar attached hotel) service was made taxable from 1.5.2011
The order is awaited. will share the copy of the order at the earliest.
This is for your information
With Warm Regards,
CA. TONY.M.P
THRISSUR,KERALAMobile: 094470 80631.
1.Visit us at www.taxpertindia.blogspot.com 2.FOLLOW US ON TWITTER CLICK HERE:...
Shareholding of promoter / promoter group to be in dematerialized mode
CIRCULAR
Cir/ISD/ 3/2011 June 17, 2011
To,
All Stock Exchanges
Dear Sir / Madam,
Sub: Shareholding of promoter / promoter group to be in dematerialized mode
1) SEBI had vide SEBI/Cir/ISD/1/2010 dated September...
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