Punishment not prescribed under the statutory rules cannot be imposed

CBI arrests JCIT, Raipur in bribe case Posted: 30 Apr 2012 08:12 AM PDT The Central Bureau of Investigation has arrested a Joint Commissioner of Income Tax, Raipur for demanding & accepting a bribe of Rs.15 Lakh and three others for offering the said bribe. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Punishment not prescribed under the statutory rules cannot be imposed Posted: 30 Apr 2012 08:06 AM PDT Undoubtedly, in a civilized society governed by rule of law, the punishment not prescribed under the statutory rules cannot be imposed. Principle enshrined in Criminal Jurisprudence to this effect is prescribed in legal maxim nulla poena sine lege which means that a person should not be made to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Difference between Finance Lease & Operational Lease – Delhi HC Posted: 30 Apr 2012 06:54 AM PDT The appellants are carrying on the business of financiers: they are not dealing in motor-vehicles. The motor-vehicle purchased by the customer is registered in the name of the customer and remains at all material times so registered in his name. In the letter taken from the customer under which the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Delhi HC on What is Make Available Technical Service? Posted: 30 Apr 2012 06:39 AM PDT Honourable High court has agreed with the The Tribunal that the 'make available' condition was not satisfied inasmuch as no technical knowledge etc, was made available by the assessee to the Indian insurance companies operating in India. The Tribunal conclusions are based on an assessment of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Explanation to s. 37(1) not apply if unaccounted business is not an illegal business Posted: 30 Apr 2012 06:23 AM PDT Learned Senior Standing Counsel for the Revenue has also made reference to the explanation to Section 37(1) of the Act and also to the scope of the proviso inserted to Section 69C of the Act by the Finance (No.2) Act, 1998 with effect from 01/04/1999. Learned counsel for the assessee contended that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] How to Send free SMS from Gmail Posted: 30 Apr 2012 05:48 AM PDT Did you know that you can now send free text messages (SMS) to your friends directly from your Gmail account? Try Gmail SMS today and start texting your friends from your computer. 1. Log into your Gmail account. In the Send SMS box above Chat, enter the phone number you want to send a SMS to. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Empanelment with IIFCL Ltd. for Internal Audit Posted: 30 Apr 2012 05:39 AM PDT The Company intends to engage professionals for rendering services in the field of Internal Audit .This document is not a recommendation, offer or invitation to enter into a contract, agreement or any other arrangement in respect of the services. This invitation is to shortlist professionals for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download ITR-1 (SAHAJ) Return Preparation Software Posted: 30 Apr 2012 05:15 AM PDT Download Return Preparation Software - Income Tax Department has finally released Return Preparation Software for ITR-1 (SAHAJ) which is applicable for A.Y. 2012-13 or financial year 2011-12. The same can be used to file your return online. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Corporate Debt Restructuring Mechanism – Need to Review/ Re-Define the Policy Posted: 30 Apr 2012 03:42 AM PDT There are few hurdles in the process of effecting Corporate Debt Restructuring Mechanism and a possible threat to the Indian Economy. The objective of this article is to highlight the noble objectives of corporate debt Restructuring Mechanism; to examine the hurdles and to explore the possible... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Know your STD Code Posted: 30 Apr 2012 03:33 AM PDT Many times we require STD CODE of some place, but we have do not have that and search for the same in Telephone Directories, on Internet etc. We have uploaded an excel utility which will ease your search of STD codes.Download STD Code Finder [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Download EMI Calculator & EMI in Terms of FD & RD Posted: 30 Apr 2012 03:09 AM PDT Download EMI Calculator EMI in Terms of FD & RD Calculator [[ This is a content summary only. Visit my website for full links, other content, and more! ]] TDS on Salary – Rate & Provisions A.Y. 2012-13 Posted: 29 Apr 2012 08:28 PM PDT Instructions for deduction of TDS from salary for financial year 2011-2012 under section 192 of the Income Tax Act, 1961. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head "Salaries" during the financial year 2011-2012 and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]