1.   Writ Allowed: DT & TDC Ltd vs ACIT  : Reopening: CHANGE OF OPI NION WITHIN 4 YRS OF EARLIER 143(3): HELD

“We have examined the purported reasons, as well as the objections and the speaking order and have also heard counsel for the parties. We are of the view that the reopening of the completed assessments amounted to a mere change of opinion, which is not permissible as per the settled legal principles. The Assessing Officer had clearly applied his mind to the setting apart of Rs 5/- per bottle for the purpose of the TIUF. This is   evident from a plain reading of the original assessment order itself as well as from the query and the detailed answer given by the petitioner with regard to the said fund.”

(Click here for judgment)

     

2.  LG Electronics vs Commissioner Of Trade & Taxes : DELHI sale tax law REFUND: HELD: WRIT ALLOWED:

“Predicated on the documents filed before the Respondent and annexed to this writ petition, we are satisfied that the Petitioner had not passed on the burden of sales tax to the distributors and dealers and is, as such, entitled to a refund of the same. In the result, the impugned order dated 4th July 2008 is quashed, the writ petition is allowed and the Respondent is directed to refund the amounts in respect of the assessment years 1997-98, 1998-99 and 1999-2000 along with interest thereon in accordance with law to the Petitioner within a period of four weeks from the date of this order.”

(Click here for judgment)

 

What's New 

A.   The Company Secretaries (Amendment) Bill, 201  (Click for detail)

B.   House approves Finance Bill  (Click for detail)

C.  It is obligatory on part of assessee to deduct income-tax at source at the time of credit of interest  income to account of payee or at time of payment thereof  (Click for detail)

D.   Bom.HC-Even bonus shares eligible for lower tax rate (Click for detail)

E.   Reforms in tax structure mooted  (Click for detail)

 

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Thanks for your valuable time

"Voice of CA"

CA. Sanjay Kumar Agarwal, Founder - Voice of CA

Member  Central Council - ICAI  (Former Chairman - NIRC)

Mob : 9811080342, agarwal.s.ca@gmail.com

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

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

CA. Mukesh K Bansal, Co-Moderator-FEMA, Mob:9540022533, mukbansal80@gmail.com