Crorepati ITO has 23 flats!It doesn't pay to be greedy … especially when you are indulging in immoral activities – That is the moral of this story.In 2002, Devendra Doctor, an informant for the Income-tax department tipped off Mr. Ajay Kumar Singh, w ..
CBI trapped two persons while accepting an illegal gratification of Rs. One Crore, Rs. 75 lakhs recovered from searches CBI trapped two persons while accepting an illegal gratification ofRs. One Crore, Rs. 75 lakhs recovered from searchesNew Delhi, 2 ..
NEW DELHI, OCT 08, 2008 : THE Union Cabinet today gave its approvalfor :(i) Withdrawal of the Judges (Inquiry) Bill, 2006 introduced in theLok Sabha on 19.12.2006; and(ii) Introduction of the Judges (Inquiry) Amendment Bill, 2008 inParliament.The wit ..
I-T chief graft case takes a new twistTIMES NEWS NETWORKMumbai: A special court is in the process of wrapping up acorruption case filed against former income-tax commissioner AshokPurwar who was charged with taking money from a governmentcontractor t ..
WHEN PENALTY UNDER SECTION 271E SHOULD NOT BE LEVIED FORCONTRAVENTION OF PROVISIONS OF SECTION 269T OF IT ACT, 1961RATIO DECIDENDIThe provisions of the Income-tax Act are amended so frequently thatit is impossible not only for the tax payer, but also ..
Certificate Course on Arbitration - (26-09-2008)--------------------------------------------------------------------------------Arbitration as an emerging area of practiceGlobally justice dispensation system is reeling under tremendouspressure, due t ..
Why a liberal tax regime for LLPs?------------ --------- --------- --------- --------- --------- -There is no justification in exempting LLPs from income-tax whenfirms under the Partnership Act and companies under the CompaniesAct are being taxed at ..
September, 26th 2008The Service Tax Department has charged the Indian arm of softwaregiant Microsoft with evading taxes to the tune of Rs 128 croreduring 2006-07 and has asked to pay Rs 256 crore, including penalty.The department found that Microsoft ..
Reduction in tax compliance burden, the most pressing need for corporates September, 20th 2008 today consider compliances as a top priority item, says Mr Ajay Kumar, executive director, PricewaterhouseCoopers. “Companies feel that going forward there ..
Shatrujeet Kapur , DIG, CBI Jaipur had made a study on the highly rated conviction rate in CBI cases and comes up with interesting details.As per official statistics, conviction rate in CBI in the last 10 years has been as under:-YEAR PERCENTAGE1998 ..
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