1. 3i Infotech Limited, Vs. The Assistant Commissioner of Incometax [Bombay High Court] - These notes, according to the assessee are consistent with the Guidance Note issued by the Institute of Chartered Accountants on Tax Audit under Section 44AB of the Act. By its note, the assessee has recorded that the expenditure of the earlier years means expenditure which arose or which accrued in any earlier year and excludes any expenditure of an earlier year for which the liability to pay has crystallized during the year.

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2. Smt. Sandhya Kesarwani Vs. Union Of India & Others - By this petition, the petitioner has challenged the notice issued under  Section 153-A of Income Tax Act, 1961 on the ground that the search was carried out against the firm but notices have been issued against individual person of the firm,

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3.  Commissioner of Income Tax, Faridabad Versus Smt. Vimal Chawla Charitable Trust [P&HHC] - The question raised in appeal by the revenue inter se “Whether, on  the facts and in the circumstances of the case, the Ld. ITAT was right in law in upholding the order of the Ld. CIT(A) in entertaining the additional evidence as per Rule 46A of Income Tax Rules even though despite numerous opportunities provided to produce the
evidence in support of its claim and inspite of this, the assessee had failed to do so? “ No question of law is found by the court.

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What's New 

a. Issuance of notifications after enactment of the Finance Act, 2010 (Click here for detail)

b. SERVICE TAX CIRCULAR NO.126/8/2010 (Click here for detail)

c. SERVICE TAX CIRCULAR NO.125/7/2010 (Click here for detail)

d. Procedure regarding removal of goods to bonded warehouse under Rule 46(13) of SEZ Rules, 2006 (Click here for detail)

e. Rupee Export Credit Interest Rates (Click here for detail)

f. Establishment of Branch Offices (BO)/ Liaison Offices (LO) in India by Foreign Entities (Click here for detail)

 

"The time is always right to do what is right"

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, kapilnkgoelandco@gmail.com
 
CA. Sidharth Jain, Co-Moderator
sidhjasso@yahoo.com 
  
CA. Mukesh K Bansal, Co-Moderator-FEMA
Mob:9540022533, mukbansal80@gmail.com