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SUMMARY OF CASE LAW Section 17(2)(ii) of the Income-tax Act, 1961, as it stood prior to amendment in 2007, did not contain any `deeming clause' to deem rent paid less than 10 per cent or 7.5 per cent as a concession; in the absence of... | PWC may be blacklisted in India
The Institute of Chartered Accountants of India could likely consider recommending blacklisting of Price Waterhouse, which would bar the global audit firm from carrying out auditing in India. As the institute can only recommend, its decision can be... | Amendment Proposed in union budget 2009-10 in rules related to refund of custom duty on imported goods found to be defective
The Finance Bill proposes introduction of Section 26A in the Customs Act, 1962, so as to comply with the standards under the International Convention on the Simplification and Harmonisation of Customs Procedure (Revised Kyoto Convention). It seeks... | Retrospective Recovery of custom duty and interest from exporters proposed in budget by amending DFIA notifications
The proposal for retrospective amendment of the DFIA notification (no. 40/2006-Cus. dated 1.5.2006) intends to recover duty and interest from exporters who had stayed within the law and obtained certain benefits, which the government very well knew... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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