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Lawyersclubindia News


Over 30,000 tax litigations pending in ITAT

   06 December 2009 at 22:06

Over 30,000 tax litigations are pending in the Income Tax Appelate Tribunals across the country, though most of these appeals are filed by the tax department and not the assessees, Minister of State for Finance S S Palanimanickam said in the Lok Sabh ..

Posted in Legal Documents |   1208 Views


Royalty paid for certain rights, which are not in the nature

   06 December 2009 at 22:00

The taxpayer was a wholly owned subsidiary of Denso Thermal Systems, Italy. The taxpayer was engaged in the business of manufacturing certain automobile products and selling the same in India and abroad. For the impugned assessment year, the taxpayer ..

Posted in Taxation |   555 Views


Divorcee Muslim woman is entitled for Maintanance u/s 125 Cr

   06 December 2009 at 19:50

In cri.Appeal no.2309 of 2009 the division bench(justice. Deepak Varma & Justice B Sudarshan Reddy) SC allowed the appeal of Shahabano .SC held that the Divorcee muslim woman is entitled for maintanance after iddat period till her remarry u/s 125 ..

Posted in Property Law  2 comments |   3038 Views


Government sanctioned 116 posts for the Central Information

   05 December 2009 at 18:20

THE Central Government has sanctioned 116 posts for the Central Information Commission. The Commission has constituted a Committee to assess its staff requirement. The Government shall examine the report of the Committee as and when received.The Comm ..

Posted in Civil Law |   854 Views


RBI allowed foreign nationals working in India to take home

   05 December 2009 at 18:12

Christmas cheer has come early for foreign nationals working in India. They can now take their entire post-tax salaries home, following a change in rules to this effect by the Reserve Bank of India (RBI). This will benefit sectors such as aviation, ..

Posted in Labour & Service Law |   1309 Views


In a effort to maximise revenue CBEC ordered to reopen cases

   05 December 2009 at 18:01

google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);Directions form part of revenue maximisation measures. The Central Board of Excise and Customs (CBEC) has directed its field formations across the country to op ..

Posted in Taxation |   569 Views


SC stays CIC order on judges' appointment and correspondence

   05 December 2009 at 09:10

NEW DELHI : The Supreme Court on Friday stayed the Central Information Commission (CIC) order asking it to divulge details relating to appointment of judges and also correspondence between the Chief Justice of India and Justice R Regupathy of Madras ..

Posted in Constitutional Law |   354 Views


Air passengers carrying large amounts of money can be detain

   04 December 2009 at 23:02

Such detention cannot be dubbed as violation of a citizen’s personal liberty, the Supreme Court has ruled.The court has held that such frisking and detaining of passengers by the authorities is in national interest. Otherwise, terrorists and ve ..

Posted in Civil Law |   1586 Views


Tax Structure in FPI

   04 December 2009 at 15:20

Thursday, December 03, 2009 The Government has taken necessary steps to rationalize and simplify the tax structure for the food processing industry.100 percent tax exemption for first five assessment years beginning with the initial assessment year i ..

Posted in Taxation |   1142 Views


Waiver of trade confirmation in Government Securities transactions in OTC market

   04 December 2009 at 15:08

RBI/2009-10/242 IDMD.PDRD.No. 2424 / 03.64.00 / 2009-10December 1, 2009All Standalone Primary DealersDear SirWaiver of trade confirmation in Government Securities transactions in OTC marketPlease refer to Section I para 6.1 (ix) of the Master Circula ..

Posted in Corporate Law |   670 Views