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09-11-2010 - A PPT on "Greenfield Projects "Recent Updates as on 09.11.2010
Tuesday, November 9, 2010

1.   [Contribution by  CA. Manoj Gupta, author is available on Mobile No. 9350760606 / email-id: mgupta2803@gmail.com ]

i.   An article on "Greenfield Projects and its Financing" [ Part-II ]

(Please click here for detail) 

  

2.   Recent Updates:

i.     THE COMMISSIONER OF INCOME TAX Vs. SHRI ATUL KANODIA, ITA NO.  527 OF 2007, DATED 28/10/2010 [ALLAHABAD HIGH COURT]

If the shares are held as investments by the share broker, which are separately shown in the balance sheet, then the profit from sale of shares has to be taxed under the head Long term capital gain and not under the head business income.

(Please click here for judgment)

  

ii.    THE COMMISSIONER OF INCOME TAX AND ANOTHER Vs.  M/S WILLARD INDIA LTD, ITA NO. 617 OF 2007, DATED 05/10/2010 [ALLAHABAD HIGH COURT]

There could no penalty u/s 271 (1)(c.) in case of disallowance of expenditure, as all particulars are available and forms part of the return and it cannot be said that if there is any concealment of any income.

(Please click here for judgment)  

   

What's New 

a.  PUBLIC NOTICE NO 15 (RE-2010) /2009-2014 - Modification of SION A-3559 under Chemical & Allied Products Group  (Click for detail)

b.  CIRCULAR NO 41/2010-Customs - Enforcement of statutory measures (Phytosanitary requirement) for import of food grains before release of consignments by the Customs authorities – regarding  (Click for detail)

c.   Notification No. 81/2010 - [F.No.178/29/2009-ITA.1]  (Click for detail)

d.  CBEC Letter in F. No.187-107-2010-CX.4 & Ahmedabad CC's letter to Board - Service tax – Show Cause Notices issued to various NSE Members of Association for recovery of Service Tax on Transaction charges of NSE, SEBI fees, DEMAT charges, Stamp Duty - reg  (Click for detail)

e.  Five Years on, Centre & States Agree to Stamp Duty Changes  (Click for detail) 

f.  Tax Solutions For Globally Mobile Employees  (Click for detail) 

g.   Pranab seeks U.S. investments to improve infrastructure  (Click for detail) 

   
"Anyone who has never made a mistake has never tried anything new"
    
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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