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 ..
Amid the global turmoil in the financial sector, the Reserve Bank of India (RBI) has further tightened the norms for non-banking finance companies (NBFC), asking auditors to prepare reports in addition to those prescribed by the Companies Act.The mai ..
It has been indicated that the Reserve Bank of India (RBI) has directed banks to unwind their interest rate swap (IRS) transactions with Lehman Brothers.The RBI had talks with bankrecently to ascertain Lehman's exposure in the local IRS market, they ..
The Supreme Court has said the Income-Tax Department has to accept the authenticity of the accounts maintained in accordance with the provisions of the Companies Act and certified by the auditors.The assessing officer cannot go beyond the net profit ..
With a recent case of impeachment against a judge of the Calcutta high court and a CBI inquiry into a PF scam involving several judges showing the judiciary in poor light, Chief Justice of India K G Balakrishnan promised tough measures against "black ..
The Federation of Hotel & Restaurant Associations of India (FHRAI), the apex body of all hotel associations, has decided to move court against the government''s proposal to ban smoking in public places.The Ministry of Health, under the Prohibition of ..
The Supreme Court on Friday refused to stop circulation of copies of the Justice Nanavati Commission inquiry report, an order that is sure to prod the Narendra Modi government to go to every nook and corner of Gujarat with details of the probe panel ..
Gay sex is immmoral and a reflection of a pervasive mind and its decriminalisation would lead to moral degradation of society, the Centre told the Delhi High Court on Friday . Appearing before a bench headed by Chief Justice A P Shah, Additional So ..
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