UPDATES FROM TAX GURU 11.06.2009

UPDATES FROM TAX GURU  No access to third party data on raid at ca offices The tax authorities have been rapped by the Delhi high court for attempting to snoop on some companies, including Maytas, although they were not the suspected evaders. Terming a search and seizure...   Notification on Section 120 of the Income Tax Act, 1961 SECTION 120 OF THE INCOME-TAX ACT, 1961 - INCOME-TAX AUTHORITIES JURISDICTION OF - AMENDMENTS IN NOTIFICATION NO. SO 2022 (E), DATED 30-11-2007 NOTIFICATION NO. 47/2009 [F.No. 187/17/2007-IT(A-I)...   Accounting for taxes on income - AS 22-Treatment of deferred tax asset and liabilities Accounting for taxes on income - Accounting Standard 22 - Treatment of deferred tax assets (DTA) and deferred tax liabilities (DTL) for computation of capital CIRCULAR No.DNBS.PD/CC. No....   CBI conducts nationwide anti-corruption raids; books one ITO After a gap of two years the CBI today conducted coordinated nationwide anti-corruption drive, covering various PSUs, CPOs and revenue department officers. All the 16 Zones of the agency coordinated...   With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru. in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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