Lawyersclubindia News

JURISDICTION OF TRIBUNAL TO RECTIFY MISTAKE IN ITS ORDER

18 May 2009 at 06:16

ITAT, SPECIAL BENCH, PUNE Dhariwal Industries Ltd. v. DCIT M.A. NO. 15 TO 22/M/09 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 7. Ld. Sr. Counsel appearing for the assessee ha ..

Posted in Taxation | 236 Views

RBI issues draft guidelines on STRIPS trading

17 May 2009 at 04:36

In a bid to attract banks to trade in Separate Trading of Registered Interest and Principal of Securities (STRIPS), the Reserve Bank of India, in its draft guidelines on stripping/reconstitution of government securities, said that these financial ins ..

Posted in Corporate Law | 329 Views

RBI asks RRBs to strictly comply with all nomination rules

17 May 2009 at 04:34

The Reserve Bank today asked regional rural banks to strictly adhere to rules regarding nominations in savings accounts, even if the customers do not ask for it.The Reserve Bank asked RRBs to strictly comply with the Banking Regulation Act, 1949, and ..

Posted in Corporate Law | 291 Views

Gujarat HC dismisses PIL against Nano project

16 May 2009 at 20:33

Gujarat High Court dismissed a Public Interest Petition, filed by Gandhinagar-based Rashtriya Kisan Dal (RKD), challenging the state government’s decision of allotting agriculture land to set up Tata Motors Nano Car Project in Sanand taluka of ..

Posted in Constitutional Law | 269 Views

Ajmal Amir Kasab Trial: Abbas Kazmi threatens to quit

16 May 2009 at 20:29

In an interesting twist to the proceedings of the trial of the 26/11 terrorist attacks on Mumbai, Abbas Kazmi, defence lawyer for the lone surviving Pakistani terrorist Mohammad Ajmal Amir Kasab, today sought the designated court to withdraw him from ..

Posted in Criminal Law | 383 Views

Applicability of provision of section 194C of IT Act, 1961

16 May 2009 at 14:33

ITAT, MUMBAI BENCHES ‘E’, MUMBAI Shemaroo Video Pvt. Ltd. v. ITO ITA NOS. 337 TO 340/MUM/2007 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 6. We have heard the ri ..

Posted in Taxation | 668 Views

Jurisdiction of Tribunal to rectify mistake in its order

16 May 2009 at 14:31

ITAT, SPECIAL BENCH, PUNE Dhariwal Industries Ltd. v. DCIT M.A. NO. 15 TO 22/M/09 MAY 5, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 7. Ld. Sr. Counsel appearing for the assessee ha ..

Posted in Taxation | 230 Views

Deductibility of income-tax from gratuity payment

16 May 2009 at 14:30

HIGH COURT OF KARNATAKANorth West Karnataka Road Transport Corporationv.Deputy Labour CommissionerWrit Petition No. 5759 of 2006February 25, 2008 RELEVANT EXTRACTS : ** ** ** ** ..

Posted in Taxation | 242 Views

SEBI allocates investment limits in Govt debt market

16 May 2009 at 14:27

The Securities and Exchange Board of India (Sebi) on Friday allocated investment limits in the government debt market to 14 foreign institutional investors (FIIs)/sub-accounts through the open-bidding platform. These entities, which also include Bank ..

Posted in Corporate Law | 176 Views

CJI appeals to PM for creation of more family courts

16 May 2009 at 13:43

Chief Justice of India K G Balakrishnan on Friday appealed to the Prime Minister and Chief Ministers of all states to create more family courts in the country to settle matrimonial disputes amicably. "I would appeal to the Prime Minister and I ..

Posted in Family Law | 1228 Views