Companies bill 2008 gets the nod of Union CabinetThe Union cabinet today gave its nod for the introduction of the Companies Bill 2008 in the next session of Parliament to replace the existing Companies Act, 1956 by incorporating far-reaching changes. ..
Issue' versus `service' of notice ------------ --------- --------- --------- --------- --------- ------------The law says that the notice under Section 143(2) is required to be served within 12 months from the end of the month in which the return was ..
Shri. Satish Chandra, Former Judicial Member, ITATThe Allahabad HighCourt dismissed the objection raised by the Additional SolicitorGeneral of India Ashok Nigam on Monday. According to Nigam, thepetitioner had no locus standi to challenge the appoint ..
Criminal Complaint against Commercial Taxes Officers conductingSearch - factual scenario goes to show proceedings were nothing butabuse of process of law – complaint quashed: Supreme CourtNEW DELHI, AUG 31, 2008 : AN Assistant Commissioner of Commerc ..
CBDT expands definition of professionalsThe Central Board of Direct Taxes (CBDT) expanded the scope ofprofessional services to cover sportspersons, umpires and referees,making them liable for a higher tax deduction at source (TDS) at therate of 10% a ..
New Bill proposes one person company concept The new Company Bill, which proposes to do away with redundant provisions of the existing Companies Act, 1956, envisages a new entity in the form of one person company (OPC), while empowering the Governmen ..
The state government's efforts to put its language policy on a firm footing by extracting a stay order from the Supreme Court for the state High Court verdict, has come to naught. The three-member bench of the supreme court headed by Chief Justice K ..
New Delhi, Aug 31 (PTI) The Supreme Court has issued notice to the Karnataka government on a petition filed by a sugar importer challenging a High Court ruling that allowed levy of sales tax on imported sugar retrospectively.A bench headed by Justice ..
Tax tribunal rules in favour of foreign shipping companiesAugust, 25th 2008Foreign shipping companies have won the second round in their battlewith India's income-tax department.In a decision that could determine how these companies are taxed, anappe ..
The Supreme Court today referred to a five-judge Constitution bench a petition seeking removal of tainted Ministers from the Union government as well as the states.A bench comprising Chief Justice K G Balakrishnan, Justices P Sathasivam and J M Panch ..