Fwd: TaxGuru.in : Legal & Tax Updates

---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Fri, Sep 10, 2010 at 9:59 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

---

• S 195 Samsung Electronics Reversed By Supreme Court
• New Companies Bill 2009 To Become Law By Fiscal-end
• Income Tax Department Mumbai Collects Rs 34 000 Crore As Direct Tax
• Brief Not On Increase In Wage Ceiling For Coverage Of Employees Under ESI Act
• Interest For Non-payment Of Tax Deducted At Source TDS After Deduction
• If There Is Lack Of Enquiry On Part Of A O Provisions Of Section 263 Can Be Applied
• Special Bench Of ITAT On Taxability Of Loss In Case Of Forward Foreign Exchange Contracts
• One Cannot Read Provision Of Section 249 4 A Into Section 253 1 B
• Circular On Levy Of Clean Energy Cess Dated - 08-09-10
• Central Excise - CE NT - 07 2010-Clean Energy Cess - Amends Clean Energy Cess Rules 2010 Clean Energy Cess Notification
• Regarding Excise Duty On Wires Drawn From Wire Rods Notification No 28 2010 CE NT 01-09-2010
• SUPREME COURT OF INDIA - PERNOD RICARD INDIA P LTD VERSUS COMMISSIONER OF CUSTOMS ICD
• Statutory Compliance -Act Wise -Sept-2010

S 195 Samsung Electronics Reversed By Supreme Court Posted: 09 Sep 2010 09:52 AM PDT The Supreme Court today 9 9 2010 pronounced judgement in a batch of appeals challenging the judgement of the Karnataka High Court in CIT vs Samsung Electronics 320 ITR 209 where it was held that u s 195 the payer was not entitled to [[ This is a content summary only. Visit www.taxguru.in for full article ]]

New Companies Bill 2009 To Become Law By Fiscal-end Posted: 09 Sep 2010 07:45 AM PDT The government today excuded confidence that the new Company Law which promises greater shareholder democracy and stricter corporate governance norms will be enacted by the end of this fiscal nbsp The Companies Bill 2009 which se [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Department Mumbai Collects Rs 34 000 Crore As Direct Tax Posted: 09 Sep 2010 07:44 AM PDT The Mumbai region of Income Tax Department which has been assigned a direct tax collection target of Rs 1 50 480 crore for the current financial year has already collected Rs 34 000 crore which is over a third of the all-India col [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Brief Not On Increase In Wage Ceiling For Coverage Of Employees Under ESI Act Posted: 09 Sep 2010 06:30 AM PDT On 26th February 2010 the Government of India vide notification See Note-2 nbsp invited suggestions in respect of an amendment proposed to be made regarding increase in the existing wage ceiling for coverage of employees under E [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Interest For Non-payment Of Tax Deducted At Source TDS After Deduction Posted: 09 Sep 2010 06:25 AM PDT A person is regarded as a assessee in default in case the deductor employer as the case may be does not deduct the tax at source either nbsp wholly or partly from payments on which tax is required to be nbsp deducted under the Ac [[ This is a content summary only. Visit www.taxguru.in for full article ]]

If There Is Lack Of Enquiry On Part Of A O Provisions Of Section 263 Can Be Applied Posted: 08 Sep 2010 10:32 AM PDT Where the Assessing Officer has not carried out necessary enquiry which ought to have been carried out for allowing deduction to the assessee under section 40 b the order passed by the Assessing Officer was erroneous and prejudicial [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Special Bench Of ITAT On Taxability Of Loss In Case Of Forward Foreign Exchange Contracts Posted: 08 Sep 2010 09:57 AM PDT Where a forward contract is entered into by the assessee to sell the foreign currency at an agreed price at a future date falling beyond the last date of accounting period the loss is incurred to the assessee on account of evaluation [[ This is a content summary only. Visit www.taxguru.in for full article ]]

One Cannot Read Provision Of Section 249 4 A Into Section 253 1 B Posted: 08 Sep 2010 09:54 AM PDT Once section 249 4 a is treated as a mandatory condition for filing an appeal before CIT Appeals and once that condition stood satisfied at the time of his filing an appeal to CIT Appeals then there was no necessity for the ass [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Circular On Levy Of Clean Energy Cess Dated - 08-09-10 Posted: 09 Sep 2010 07:33 AM PDT F No 354 72 2010-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit New Delhi the 8th September 2010 nbsp To nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Central Excise - CE NT - 07 2010-Clean Energy Cess - Amends Clean Energy Cess Rules 2010 Clean Energy Cess Notification Posted: 09 Sep 2010 07:30 AM PDT New Delhi the 8th nbsp September 2010 Notification No 07 2010-Clean Energy Cess nbsp nbsp nbsp nbsp nbsp G S R nbsp nbsp nbsp nbsp E - nbsp nbsp nbsp In exercise of the powers conferred by section 84 of th [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Regarding Excise Duty On Wires Drawn From Wire Rods Notification No 28 2010 CE NT 01-09-2010 Posted: 09 Sep 2010 07:24 AM PDT Notification No 28 2010 - Central Excise Non Tariff New Delhi the 1st September 2010 G S R E -In exercise of the powers conferred by section 5B of the Central Excise Act 1944 1 of 1944 the Central Governme [[ This is a content summary only. Visit www.taxguru.in for full article ]]

SUPREME COURT OF INDIA - PERNOD RICARD INDIA P LTD VERSUS COMMISSIONER OF CUSTOMS ICD Posted: 09 Sep 2010 11:31 PM PDT Latest Supreme Court judgment Upholding Duty Demand of worth Rs 40 Crore Against M S Pernod Ricard India Private Limited [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Statutory Compliance -Act Wise -Sept-2010 Posted: 08 Sep 2010 06:03 AM PDT Statutory compliances Act Wise for the month of Sept-2010 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

You are subscribed to email updates from LEGAL & FINANCIAL UPDATES FROM TAX GURU To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/