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06-09-2010 - Recent Updates as on 06.09.2010
Tuesday, September 7, 2010

1.   The CIT, Bangalore Vs. M/s K. RAHEZA DEVELOPMENT [ KARNATAKA HIGH COURT] 

The appeal is filed by the revenue challenging the order passed the tribunal which set aside the order passed by the authorities and granted the benefit of deduction under the heading of “bad debt” under section 36 of Income Tax Act 1961. The substantial question of law is answered in favour of assessee and against the revenue. 

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2.   Shashi Kiran Vs. Commissioner of Income Tax [HIGH COURT OF PUNJAB AND HARYANA] 

The substantial question of law raised by the assessee in this appeal inter se is “Whether the Tribunal has misdirected itself in law as well as on facts in affirming the orders passed both by the CIT(A) as well as by the Assessing Officer, which orders are totally illegal and without jurisdiction, while sustaining the addition in the hands of the assessee appellant. Contention raised on behalf of the appellant was not accepted by the court. 

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3.   Kulwant Kaur Vs. Mr. Hutesh Dogra, Deputy Commissioner of Income Tax, Range-VII, Rishi Nagar, Ludhiana [HIGH COURT OF PUNJAB AND HARYANA] 

The grievance of the petitioner is that the Assessing Officer while making assessment proceedings is deviating from the issues culled down by the Tribunal and asking for information which is outside the domain of the two issues. Thus, the action of the Assessing Officer is in contravention of the orders passed by the Tribunal. Therefore, it is violation of the order passed by the Tribunal and, thus, a civil contempt. Held there is no contempt.  

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What's New 

a.  NRIs Face Tax Threat Under DTC  (Click for detail)

b.  Dishonour/Return of Cheques - Need to Mention the 'Date of Return' in the Cheque Return Memo  (Click for detail)

c.  Sebi, MCA may Clash Over Companies Bill  (Click for detail)

d.  Your Gratuity May Just Get Bankruptcy Protection  (Click for detail)

e.  Govt may ban import of e-waste  (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,
kapilnkgoelandco@gmail.com

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

   

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