| Ministry defends MAT based on gross assets on the ground of efficiency and equity 
The Finance Ministry on Thursday defended the concept of gross assets tax proposed under the new direct taxes code, stating that it met both "efficiency" and "equity" considerations. The proposal to go in for a minimum... | | Check PSU Audit (CAG) empanelment status of your CA Firm for the year (2009-2010) 
Empanelment status of C A Firms for conducting PSU Audit for the year 2009-10 can be viewed by visiting http://cagofindia. delhi.nic. in/caempanel/ empstat-08. asp. To check the empanelment status, please put name of applicant firm (at least three... | | Implications of the draft code 
The long awaited Direct Tax Code Bill 2009 ('Code') was finally unveiled by the Finance Minister on August 12, 2009. The Code seeks to bring all direct taxes under one code and pave way for a single unified tax reporting system. The Finance Minister... | | State Govt. Undertakings do not need COD clearance 
In The Case of : Gujarat Mineral Development Corp vs. ITAT (Gujarat High Court) SUMMARY OF THE CASE LAWS Cross appeals filed by the assessee, a State Govt. undertaking, and the department were dismissed by the Tribunal on the ground that the parties... | | Futures & Options are speculative transactions u/s 43(5). S. 43 (5)(d) is not retrospective 
CASE LAW DETAILS In thee Case of : Shree Capital Services vs. ACIT , Decided By :ITAT Kolkota Special Bench, Decide on : 31/07/2009, Appeal No.: I.T.A. No. 1294 (KOL) of 2008, Assessment Year :- 2004-05 SUMMARY OF THE CASE LAW In respect of AY... |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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