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DELHI ASSY PASSES VAT BILL, RAISING TAX TO 5 PC

   17 December 2009 at 17:36

The much dreaded Delhi Value Added Tax (Amendment) Bill, 2009 raising the slab of 4 per cent to 5 per cent, was passed by voice vote in the Delhi Assembly today. The Bill was passed unopposed as the Opposition BJP had walked out during Chief Ministe ..

Posted in Taxation |   1076 Views


‘FAST-TRACK TAX CASES TO UNLOCK RS 50K CRORE’

   17 December 2009 at 17:36

India Inc has informed the ministry of finance that the government can unlock a whopping Rs 50,000 crore in revenue if it fast- tracks cases related to direct and indirect taxes that are pending in various tribunals and courts. The Confederation of I ..

Posted in Taxation |   293 Views


GOODS AND SERVICE TAX DELAYED, LIKELY BY 2011 ONLY

   17 December 2009 at 17:35

It's official: The goods and service tax (GST) regime, India's biggest-ever tax reforms attempt, scheduled to roll out on April 1, 2010, will miss the deadline by a wide margin. After a meeting in the capital on Wednesday, chairman of the empowered ..

Posted in Taxation |   319 Views


SC admits sexual assault victim's plea to end life

   17 December 2009 at 12:28

NEW DELHI: The plight of a 61-year-old women, who suffered a brutal sexual assault 36 years ago and has been lying in a vegetative state in a Mumbai hospital ever since, has moved the Supreme Court into setting aside its pro-life stance and examining ..

Posted in Constitutional Law |   542 Views


Commercial Division of High Court

   17 December 2009 at 11:11

The Commercial Division of High Courts Bill 2009 providing for constitution of Commercial Divisions in High Courts to adjudicate commercial disputes introduced in Parliament. ..

Posted in Others  1 comments |   814 Views


Parliament Passes the Competition (Amendment) Bill, 2009

   17 December 2009 at 10:47

Parliament Passes the Competition (Amendment) Bill, 2009THE NEW LEGISLATION TO BENEFIT COMPLAINANTS WHOSE COMPLANINTS WERE PENDING BEFORE THE MRTP COMMISIONThe Parliament has passed the the Competition (Amendment) Bill, 2009 which is to replace the C ..

Posted in Corporate Law |   472 Views


Penalty should not be imposed if full disclosure of the fact

   17 December 2009 at 09:17

The Delhi Bench of the Income – tax Appellate Tribunal (Delhi Tribunal), in the case of Vertex Customer Services (India) Pvt. Ltd. (the taxpayer) held that exclusion of provision of doubtful debts from the operating expenses being a debatable i ..

Posted in Taxation |   459 Views


Exemption of SEZ from public hearing

   16 December 2009 at 15:52

Exemption of SEZ from public hearingWednesday, December 16, 2009As per EIA Notification, 2006, the proposals relating to Special Economic Zones (SEZs) as listed under Clause 7(c) of the Schedule to the Notification, require prior Environmental Cleara ..

Posted in Corporate Law |   737 Views


Appointment of Chief Justice of Madhya Pradesh High court

   16 December 2009 at 12:24

Appointment of Chief Justice of Madhya Pradesh High courtIn exercise of the powers conferred by clause (1) of article 217 of the Constitution of India, the President is pleased to appoint Shri Justice Syed Rafat Alam, Judge of the Allahabad High Cour ..

Posted in Others |   517 Views


Appointment of Judge of Delhi High Court

   16 December 2009 at 12:23

Appointment of Judge of Delhi High CourtIn exercise of the powers conferred by clause (1) of article 217 of the Constitution of India, the President is pleased to appoint Shri Justice Manmohan, Additional Judge of the Delhi High Court, to be Judge of ..

Posted in Others |   393 Views