UPDATES FROM TAX GURU 15.06.2009

UPDATES FROM TAX GURU Merely because some optical fibre lines or connection lines have been laid, the road cannot get converted into a plant SUMMARY OF CASE LAW Merely because some optical fibre lines or connection lines have been laid, the road cannot get converted into a plant; even if the assessee constructs some restaurant etc., on... Merely because others follow the same accounting policy, it cannot be said to be beyond scrutiny SUMMARY OF CASE LAW Merely because other clubs follow the very same accounting policy, it cannot be said to be beyond scrutiny or verification as to the correctness and completeness of the...   Making and sale of advertising materials for customers is advertisement service liable for service tax SUMMARY OF CASE LAW The making and sale of advertising materials for customers in the form of banner or hoarding or film-slide, etc. is `advertisement' as defined under section 65(2); all...   If revenue believes that Assessee evaded tax by furnishing fake or exaggerated bills then they need not disclose the reason of search & seizure SUMMARY OF CASE LAW It is not the mandate of section 132 or any other provision in the Act that the reasonable belief recorded by the Designated Authority before issuing the warrant of...   Mere Sale of Brand name does not mean transfer of technical know-how SUMMARY OF CASE LAW The transfer of brand name does not have any meaning for the buyer until and unless the know-how for the manufacture of the formulations sold under that particular brand name, is... How to fill and file Income Tax Return( ITR-2) To file I-T returns, the choice for salaried individuals will be between the Indian Income Tax Return - 1 (ITR-1) and ITR-2 forms. If your earnings for the year are through salary income and interest...   With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru. in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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