1.   M/s Dass Trading & Holding (P) Ltd. (Delhi High Court) 

Revenue's Appeal Allowed on Tax Concealment Penalty.

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2.   Escorts Finance Limited.  (Delhi High Court)

Revenue's Appeal Partly Allowed on Tax Concealment Penalty.

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(Click here for judgment) 

  

3.   ICAI Accounting Research Foundation & Anr. (Delhi High Court)

The amended definition of „charitable purpose‟ would not alter this position. No doubt, proviso to this definition clarifies that advancement of any other object of general public utility will not be treated as charitable purpose if it involves the carrying on of any activity in the nature of trade, commerce or business or any activity of rendering service in relation to trade, commerce or business.

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No Mails for Refunds Issued From Income Tax Department

Information has been received from several quarters that people are receiving electronic mails informing them of their income-tax refunds and seeking their credit card details.  The e-mail is sent from the following or similar mailing addresses.

ihxbkw@accounts.net or cvhfus@accounts.net

It is clarified that the Income Tax Department does not send e-mails regarding refunds and doses not seek any information regarding credit cards of taxpayers.

Taxpayers are, therefore, cautioned that they should not respond to such mails and if they do so it would be at their risk and responsibility.

Source : www.taxguru.in

   

"I have always thought the actions of men the best interpreters of their thoughts"

Thanks for your valuable time

"Voice of CA"

CA. Kapil Goel, Moderator-Direct Taxes, Mob:9910272806, cakapilgoel@gmail.com

CA. Sidharth Jain, Co-Moderator, Mob: 9810418700, sidhjasso@yahoo.com

CA. Mukesh K Bansal, Co-Moderator-FEMA, mkak@rediffmail.com