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SECTION 54 and 54F - SALE PROCEEDS VS INVESTMENT IN RESIDENTIAL HOUSE - liberal approach to achieve purpose of investment in residential houses is required.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
March 3, 2009
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DEVKUMAR KOTHARI
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Tribunal must decide the appeal on merit if adjournment is not allowed as requested by both parties before it- practice of multiplying cases by dismissal of appeals is not proper.
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By: - DEVKUMAR KOTHARI
Dated:
March 3, 2009
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REGISTRATION UNDER SERVICE TAX PROVISIONS
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
March 2, 2009
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INSURANCE AUXILIARY SERVICES
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
March 2, 2009
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For Brain Storming: NO JUSTIFICATION ON HIGHER MUNICIPAL TAX ON PROPERTY USED AS OFFICE.
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By: - DEVKUMAR KOTHARI
Dated:
February 28, 2009
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IMPACT OF THE REDUCTION IN EXCISE DUTY AND SERVICE TAX
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 26, 2009
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GRADING OF INITIAL PUBLIC OFFER
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 26, 2009
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UN-NECESSARY APPEALS BY REVENUE MUST BE AVOIDED- A RECENT CASE BEFORE SUPREME COURT in case of CIT, Dibrugarh versus Doom Dooma India Ltd. 2009 -TMI - 32437 shows un-necessary litigation by revenue on issues which were settled long ago.
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By: - DEVKUMAR KOTHARI
Dated:
February 25, 2009
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Regarding WDV in case of computation of income under Rules 7A, 7B and 8 of the income Tax Rules- recent judgment of Kerala HC- a critique
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By: - DEVKUMAR KOTHARI
Dated:
February 25, 2009
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TWIN REQUIREMENTS TO BE CONSIDERED WHILE DEALING WITH APPLICATION TO DISPENSE WITH THE PRE DEPOSIT OF PENALTY IN AN APPEAL TO APPELLATE TRIBUNAL
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 25, 2009
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'Business Profit' includes depreciation written back in context of section 32AB. However, the question of law left open by the Supreme Court - also some relevant discussion on binding nature of judgments or persuasive value.
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By: - DEVKUMAR KOTHARI
Dated:
February 24, 2009
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THE SERVICE TAX RETURN PREPARER SCHEME, 2009 - AN OVERVIEW
2 Comments
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 24, 2009
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DRAW BACK RULES CANNOT OVERRIDE PROVISIONS OF CUSTOMS ACT, 1962
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 19, 2009
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Income -tax deducted at source is consideration received for services or for goods sold hence cannot be deducted from consideration for the purpose of levying any tax like service tax, VAT or Sale Tax.
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By: - DEVKUMAR KOTHARI
Dated:
February 16, 2009
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DETERMINATION OF BUSINESS PROFIT IN PROPERTY BUSINESS - Sold parts attract taxable income even if entire project is not yet complete , cost or market value whichever is less should be adopted for stock-in-trade at year end.
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By: - DEVKUMAR KOTHARI
Dated:
February 16, 2009
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SUBSTANTIVE BENEFIT CANNOT BE DENIED ON A PROCEDURAL OR TECHNICAL GROUND WHERE THE BENEFICIARY HAS SATISFIED THE SUBSTANTIVE CONDITIONS FOR THE BENEFIT
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 16, 2009
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THE FACT OF AMALGAMATION DOES NOT GIVE ANY IMMUNITY FOR PAST DEEDS OF DIRECTORS
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By: - DR.MARIAPPAN GOVINDARAJAN
Dated:
February 16, 2009
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'MAT' AND NECESSARY ADJUSTMENT IN BOOK PROFIT IN VIEW OF NOTES, OBSERVATION, DISCLOSURES OR QUALIFICATION ON ACCOUNTS SECOND ARTICLE IN VIEW OF RECENT JUDGMENT OF DELHI HIGH COUTRT
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By: - DEVKUMAR KOTHARI
Dated:
February 10, 2009
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INCOME BY ILLEGAL MEANS LIKE FABRICATION OF TDS CERTIFICATES IS TAXABLE INCOME.
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By: - DEVKUMAR KOTHARI
Dated:
February 10, 2009
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INTEREST ON FDR OUT OF TEMPORARY SURPLUS BUSINESS FUNDS IS BUSINESS INCOME- Bombay High Court.
1 Comment
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By: - DEVKUMAR KOTHARI
Dated:
February 8, 2009
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