TAX & LEGAL UPDATES FROM TAX GURU 24.05.2009

UPDATES FROM TAX GURU Income from property leased to sister concerns is Income from House Property A.O. must have some definite evidence to refuse the assessee's claim or evidence or explanation Merely because agreement named as license agreement is not enough to attract section 194-I When a resident can be treated as an agent of a non-resident u/s 163 of IT Act, 1961 Empanelment of faculty members for training CA students CA students can download Admit card online Income from property leased to sister concerns is Income from House Property Posted: 23 May 2009 11:23 AM PDT SUMMARY OF CASE LAW Exploitation of the property by one of the group concerns cannot be construed as exploitation by the assessee-company; the commercial asset has to be exploited by the assessee in... A.O. must have some definite evidence to refuse the assessee's claim or evidence or explanation Posted: 23 May 2009 11:16 AM PDT SUMMARY OF CASE LAW Mere non-acceptance of explanation offered by the assessee cannot form a basis for the satisfaction of ITO to the effect that the assessee has concealed particulars of his income;... Merely because agreement named as license agreement is not enough to attract section 194-I Posted: 23 May 2009 11:08 AM PDT CASE LAW DETAILS Decided by: ITAT, INDORE BENCH, INDORE, In The case of: J. C. Bansal v. TRO, Appeal No. : ITA Nos. 115 to 117/Ind/2005, Decided on: May 23, 2008  RELEVENT PARAGRAPH  20. On... When a resident can be treated as an agent of a non-resident u/s 163 of IT Act, 1961 Posted: 23 May 2009 10:54 AM PDT SUMMARY OF CASE LAW Any person from or through whom the non-resident is in receipt of any income directly or indirectly can be treated as an agent of the non-resident; the sole requirement of section... Empanelment of faculty members for training CA students Posted: 23 May 2009 08:21 AM PDT   Empanelment of faculty members for training CA students for the Examination The Board of Studies invites applications from faculty members for associating themselves with training of CA students.... CA students can download Admit card online Posted: 23 May 2009 07:58 AM PDT ICAI have introduced the facility for C.A. Final students , C.A. PCE-II Students & CA PCE students  appearing in June 2009 examination. For getting the same student need to enter either... With Regards,  Sandeep Kanoi  Website: http://www.taxguru. in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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