EC BLOCKS SERVICE TAX SOPS FOR SEZ UNITS Developers of special economic zones (SEZ) and units operating in them will have to wait until a new government is formed to get a keenly-awaited exemption on service tax payments for services availed inside t ..
The Income-Tax department routinely imposes cost on assesses for late filing of returns or delayed tax payment. For a change, it was at the receiving end when the high court imposed a cost of Rs 25,000 for retaining books of accounts impounded from a ..
Holding back clearance under the Foreign Exchange Management Act to the controversial FDI rules, the RBI has raised concerns over the new guidelines resulting in far-reaching changes in the ownership pattern of private banks. As per the new guideline ..
Extension of benefit of enhanced depreciationPress Release No. 402/92/2006-MC (10 of 2009)Dated 24-4-2009The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009. Now, commercial vehicles acquired on or ..
The Supreme Court awarded a compensation of Rs 10 per square metre to those farmers whose land was acquired for construction of twin city near Mumbai about four decades ago.After tiring and expensive litigation of about 39 years, a bench comprising J ..
Delhi High Court allowed Indian company Cipla to go ahead with its manufacture and sale of lung cancer drug while dismissing the plea of Swiss company Hoffman La Roche Ltd which claimed to have sole rights over the manufacture of the drug.A bench hea ..
The Finance Ministry has raised questions on the new foreign direct investment rules which have prompted several domestic firms to rework their ownership structure for attracting FDI in areas like retail through backdoor. The Department of Industrial ..
The Supreme Court has ruled that it is necessary to get the caste certificates of all the elected persons from reserved constituencies in the country examined within a time frame to avoid any controversies.A bench comprising Justices Tarun Chatterjee ..
The Supreme Court expressed serious concern and anguish over the increasing use of alcohol amongst students which is mainly responsible for increasing incidents of harassment and torture of freshers by seniors in the name of ragging in the educationa ..
The Supreme Court has directed all the State and Union Territories to implement the directions of the Union Government to provide supplementary nutrition food to all children in age group of 6 months to 3 years and also to severely underweight childr ..
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