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NEW PENSION SCHEME - AN OVERVIEW

   08 May 2009 at 10:54

NEW PENSION SCHEME - AN OVERVIEW Sudhir Halakhandi The Government of India has announced that New Pension Scheme (NPS) is open for all the citizens from 1st. May 2009 hence it will be useful for all the citizens of the country who do not have any so ..

Posted in Others |   163 Views


TREATMENT OF RENTAL INCOME FROM LEASED LAND

   08 May 2009 at 10:51

The provisions of section 22 of the Income-tax Act cannot be invoked on a lease of land; the provisions of section 27(iiib) of the Act will apply only when a building thereof is involved and assessee has any right in the said building or part thereo ..

Posted in Taxation |   1313 Views


SECTION 67A OF IT ACT

   08 May 2009 at 10:50

SHARE OF MEMBER OF AN AOP COMPUTED UNDER SECTION 67A OF IT ACT SHALL NOT BE INCLUDED IN HIS TOTAL INCOMEAn assessee-member of an AOP cannot claim set-off of share of loss in the income of AOP against its own other income. ITAT, ‘B’ BENCH ..

Posted in Taxation |   321 Views


An accused can sit while attending Trial

   07 May 2009 at 18:42

Prompted by a PIL the Delhi High Court has directed the Registrar Genaral to issue a notification to the effect that an accused can sit during trial of their cases save when judge enters the courtroom to start proceedings.Though in 1981 the Supreme ..

Posted in Criminal Law |   253 Views


Sebi seeks public opinion on primary market rules

   07 May 2009 at 16:23

Sebi seeks public opinion on primary market rules Mumbai May 6, 2009 The market regulator Securities and Exchange Board of India (Sebi) has placed certain proposals for public comment intended to simplify and bring ..

Posted in Corporate Law |   177 Views


Special Investigation Team Chief meets Gujarat HC CJ

   07 May 2009 at 09:22

The Supreme Court-appointed Special Investigation Team (SIT) chief R K Raghavan today held a closed-door meeting with Gujarat High Court's Chief Justice K S Radhakrishnan to discuss setting up of six fast track courts, as per the directives of the a ..

Posted in Constitutional Law  1 comments |   350 Views


SC adjourns petition of Mulayam Singh Yadav's in Disproporti

   07 May 2009 at 09:21

SC adjourns petition of Mulayam Singh Yadav's in Disproportionate Assets caseThe Supreme Court adjourned till July 30 the hearing of the review petition filed by former Uttar Pradesh Chief Minister Mulayam Singh Yadav and his family members in the d ..

Posted in Criminal Law |   319 Views


Allahabad HC asks officials to file affidavit in advocate de

   07 May 2009 at 09:21

Allahabad HC asks officials to file affidavit in advocate death caseThe Allahabad High Court directed the District Magistrate, DIG, IG and SHO police station Kydganj, Allahabad to file their affidavit within two days in a writ petition filed by the b ..

Posted in Others |   346 Views


SC: Pictorial warning on cigarette packets from May 31

   07 May 2009 at 09:19

The Supreme Court was today assured by the Union government that all cigarette packets will carry pictorial warning from May 31, 2009, that smoking is injurious to health.Additional Solicitor General Gopal Subramanium today gave an undertaking to th ..

Posted in Others |   305 Views


NO CHANCE OF SERVICE TAX ON LOTTERIES

   06 May 2009 at 12:01

The Supreme Court on Tuesday ruled that no service tax can be levied on the sale, promotion and marketing of lottery tickets. A bench comprising Justice SB Sinha and Justice Cyriac Joseph upheld the Sikkim High Court’s order that quashed the e ..

Posted in Taxation |   303 Views