1.      SC in BANARASI LAL PASSI regarding Concealment Penalty u/s 271(1)(c)

 

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2.     SC in BHARTI CELLULAR LTD. regarding TDS on Payment for Interconnect & Port Charges.

 

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3.      SC on revenue's SLP in the matter of RBG INVESTMENT from DHC ruling reported at 175 Taxman 291, after condoning delay has dismissed the same. 

 

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4.      SC in SUNDARAM FINANCE case, on assessee's SLP has issued notice on following law point:"Issue notice.  In our view, prima facie, the High Court should have framed the substantial question of law, namely, whether provision of contingent deposit was deductable under Section 37 of the Income Tax Act?"

      

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5.      SC in ACCENT FOR LIVING has issued notice on assessee's SLP from Punjab & Haryana High Court order wherein Liberty ruling 293 ITR 520 was followed to hold that duty drawback gains are not profits derived from industrial undertaking u/s 80IB of the Act. On earlier occasion, SC has issued notice on revenue's SLP in Eltek SGS case wherein DHC (300 ITR 6) held in favor of assessee on subject issue that is, duty drawback is eligible for deduction u/s 80IB.

      

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NOTE  :Last date for submission of online application for Multipurpose Empanelment Form (MEF) for the year 2009-2010 is 15-06-2009. ( source : www.meficai.org ) And submission of hard copy of declaration of MEF for the year 2009-2010 to The Director, PD Directorate, ICAI, New Delhi - 110002 is 30-06-2009.

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"Voice of CA"

     

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

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

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