Home Highlights August 2011 Year 2011 This

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1. Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than ₹ 3,500 crore in more than 900 cases attached

2. Liability of directors of private company in liquidation - steps taken against the delinquent Company - The order does not record any of the material which formed the...

3. Attachment of petitioner's Bank Account - service tax liability not determined - Without adjudication, no steps for coercive recovery u/s 87 of the Finance Act can be...

4. FM releases Guidance Paper on service tax: new approach intended to take country and economy a step closer to GST

5. Non-realization export proceedings of goods - convertible foreign exchange - Reasonable steps u/s 18(3) of FERA - The appellants adequately explained the steps taken by...

6. Government takes several measures to strength then msmes Gem platform extended to all CPSES Government undertakings to procure a fixed proportion of materials from women owned SMEs

7. There is no justification for the extreme steps taken by the lower authority in ordering for forfeiture of the security deposit and revoking the customs broker license.

8. Major Steps taken for Reducing Tax Litigations - For income tax matters, litigation from Department’s side will get reduced by 41%, for Indirect Tax Matters (Central),...

9. Reopening of assessment - failure to take steps under section 143(3) will not render the Assessing Officer powerless to initiate reassessment proceedings - HC

10. Promoting the vegetarianism among the people so that they can change their living habits and take the necessary steps for the betterment of humanity, which is...