Commonwealth Law Reports | Corporate Law Reporter

Section 234D of the IT Act does not apply to assessments prior to June 2003

CLR Editorial Note: This case law refers to a Petition(s) for Special Leave to Appeal which is in respect of retrospectivity of Section 234D of the Income Tax Act, 1961. For the Assessment Year 1998-99, the Assessing Officer passed an assessment order prior to 01st June 2003, in which interest under section 234D was not levied. The assessee… Read More

Tags: Appeal, CIT, Commonwealth Law Reports, High Court, Hon, Income Tax Act 1961, Supreme Court, The Honourable

TDS Credit has to be given despite TDS Certificate entry is not displayed in Form 26AS

CLR Editorial Note: In this case or TDS credit, the assessee claimed credit for TDS which was denied by the Assessing Officer on the ground that the claim did not match the entries shown in Form No. 26AS and that there was a discrepancy. On appeal by the assessee, the CIT(A) held that the assessee… Read More

Tags: Bombay High Court, Commonwealth Law Reports, Delhi High Court, Income tax, India, Order of Australia, Tax, Tax Deducted at Source, TDS

HC issues strict guidelines in order to end CBDT™s TDS credit & refund adjustment harassments

CLR Editorial Note: A letter dated 30th April 2012 was addressed to the High Court, by Anand Parkash, FCA, in which numerous problems were highlighted which mentioned about the hassles being faced by assesses across the Country owing to the faulty processing of the Income Tax Returns and non-grant of TDS credit & refunds. It was claimed… Read More

Tags: Case Laws, Caselaws, CBDT, Commonwealth Law Reports, High Court, Income tax, Order of Australia, Taxation in India, TDS, The Honourable

Due-Date for Filing Returns of Income in Cases of Income Tax Assessees in Gujarat Extended upto 14th October 2013

On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Direct Taxes (CBDT) has extended the ˜due-date™ for filing Returns of Income from 30th September, 2013 to 14th October, 2013, in cases of Income Tax assessees in the State… Read More

Tags: CBDT, Central Board of Direct Taxes, Commonwealth Law Reports, Gujarat, Income tax, Tax, Taxation in India, United States

Case Laws :: Sec 192 explains TDS obligation on Medical Reimbursement & LTC components of a CTC of an employee

CLR Editorial Notes: In this case related to TDS and LTC of an employee, it was noticed that the assessee (in this case - Infosys BPO, Bangalore) had recruited employees under a contract of employment which provided the salary as a ˜cost to company™ or ˜CTC™. Once the employee had determined the CTC, he/she was permitted… Read More

Tags: Bangalore, Business, Commissioner of IT, Commonwealth Law Reports, Income tax, IT Act, Leave Travel Allowance, LTC, Payment, Salary, Section 192 of the IT Act, Tax Deducted at Source, TDS

Trade Marks Journal No:1597 Dated 15th July 2013

The Trade Marks Journal No:1597 Dated 15th July 2013 is available for download. Trade Marks Journal No-1597 Dated 15th July 2013 Read More

Tags: Commonwealth Law Reports, Fourth of July, Health, Holiday, Journals, July 2013, Statute

Trade Marks Journal No:1596 Dated 8th July 2013

The Trade Marks Journal No:1596 Dated 8th July 2013 is available for download. Trade Marks Journal No 1596 Dated 8th July 2013 Read More

Tags: chartered accountant, Commonwealth Law Reports, Company Secretary, Fourth of July, Health, Holidays, India, Indirect tax, Journals, July 2013, Management consulting, Statute

Trade Marks Journal No:1595 Dated 1st July 2013

The Trade Marks Journal No:1595 Dated 1st July 2013 is available for download. Trade Marks Journal No 1595 Dated 1st July 2013 Read More

Tags: Commonwealth Law Reports, Health, Journals, July 2013, Recreation, Religion and Spirituality, Statute

CLR Snippets | ACC Appointments

The Appointments Committee of the Cabinet has approved the appointment of Shri Pramod Kumar Anand, IAS (RJ:83), Joint Secretary, Department of Rural Development, Ministry of Rural Development as Senior Adviser, Planning Commission in the pay of Additional Secretary. Read More

Tags: Appointments Clause, Appointments Committee of the Cabinet, Commonwealth Law Reports, India, Indian Administrative Service, Joint Secretary, Ministry of Rural Development, Planning Commission

Customs Designates Sh.G.S.Sarna as DG(Safeguard) & DG(Specific Safeguard)

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3 SUB-SECTION (i)] Government of India Ministry of Finance Department of Revenue Notification No. 77 /2013-Customs (N.T.) New Delhi, the 19th July, 2013 G.S.R. No. (E) In exercise of the powers conferred by sub-rule (1) of Rule 3 of theCustoms Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002 and in… Read More

Tags: Central Government, Commonwealth Law Reports, Gazette of India, Government of India, India, ministry of finance, New Delhi, Notification system

Official Journal of the Patent Office Part I, II(Design) 26th July 2013

In view of the recent amendment made in the Patents Act, 1970 by the Patents (Amendment) Act, 2005 effective from 01st January 2005, the Official Journal of The Patent Office is required to be published under the Statute. This Journal is being published on weekly basis on every Friday covering the various proceedings on Patents as required… Read More

Tags: Commonwealth Law Reports, Designs & Trade Marks, Intellectual property, Official Journal, Patent, Patent Act, Statute

Identification of Unserved Intimation under section 143 (1) for cases processed prior to 31-03-2010

Hon'ble Delhi High Court vide judgment in case of Court On its Own Motion v. UOI and Ors. in W.P. (C) 2659/2012 dated 14.03.2013 has issued Seven Mandamus for necessary action by income-tax Department one of which is regarding non-enforcement of Demand where no intimation under section 143(1) of Income-tax Act,1961 was sent by field-authorities in refspect of returns which were… Read More

Tags: CBDT, Commonwealth Law Reports, Delhi High Court, Hon, Income tax, Taxation in India, The Honourable, United States

Section 54/54F deductions are allowed for purchase of multiple independent house units

Ratio Decidendi: The Andhra Pradesh High Court decided in this case that the ITAT Special Bench Verdict on purchase of multiple under Section 54/54F is not good law. A purchase of two residential flats entitles the buyer to an exemption u/s 54 of the IT Act with respect to capital gains on sale of the properties. CLR… Read More

Tags: Andhra Pradesh High Court, Capital Gain, CIT, Commonwealth Law Reports, Hyderabad, Income tax, Order of Australia, Ratio decidendi