FM meets CBDT, CBEC offcials and asks to focus on collection of arrears to maximise the revenue collection

Excise Department superintendent and middleman sent to CBI custody for 3 more days Posted: 07 Jan 2012 07:41 PM PST A Delhi court today allowed the CBI to interrogate for three more days in custody a Central Excise Department superintendent and an alleged middleman, arrested in connection with receiving around Rs 40 lakh as bribe for not taking action against two... [[ This is a content summary only. Visit www.taxguru.in for full article.]] FM meets CBDT, CBEC offcials and asks to focus on collection of arrears to maximise the revenue collection Posted: 07 Jan 2012 07:25 PM PST Finance Minister Pranab Mukherjee held discussions on ways to step up revenue collection for 2011-12 with top officials of Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT) in Chennai. An official release said the... [[ This is a content summary only. Visit www.taxguru.in for full article.]] Sanction of CIT instead of JCIT renders reopening u/s. 147 of Income Tax Act invalid Posted: 07 Jan 2012 07:21 PM PST CIT vs. SPL's Siddhartha Ltd (Delhi High Court) - The argument of the assessee before the Tribunal was that the approval was not granted by the Joint Commissioner for reopening U/s. 147. Instead, it was taken from the CIT, Delhi-III, New Delhi, who... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 10 Gms of GOLD PRICE History for the last 86 years in India Posted: 07 Jan 2012 06:30 PM PST Given below is year wise Price of Gold in India in last 86 year. In the initial period, the price of gold was around Rs 18.75 per 10 gm of gold. Now it reaches to value of Rs 26400 per 10 gm of gold. Its a huge rise in price of gold. Investing in... [[ This is a content summary only. Visit www.taxguru.in for full article.]] PwC fined £1.4 million by regulators Posted: 07 Jan 2012 06:08 PM PST PricewaterhouseCoopers (PwC) has been fined £1.4 million by regulators, after it signed off a report containing serious rule-breaking client money practices at JP Morgan Chase - the result of a major IT switchover that failed to keep pace with... [[ This is a content summary only. Visit www.taxguru.in for full article.]]