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26. Sep 12

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von dureneky

Go Fun Places: Is This GetPreLaunch.com Thing For ...

http://www.ibosocial.com/prosperinflorida/pressrel...

Is Go Fun Places is an online income opportunity where people can find online income solutions to earn extra money from home? Is this program for real?

27. Sep 12

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von Longin15v

Sec. 142(2A) not meant for delegation of AO’s po...

http://taxguru.in/income-tax-case-laws/sec-1422a-m...

We have referred to the aforesaid note in detail for two reasons. Firstly, the note reveals that the Assessing Officer felt that the case required detailed scru

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von Longin15v

Derivative transaction through MCX after 1-4-2006 ...

http://taxguru.in/income-tax-case-laws/derivative-...

Issue is whether such a notification given on 22nd May 2009, thorugh which MCX Stock Exchange has been recognized, can be held to be applicable for the transact

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von Longin15v

Interest cannot be disallowed if interest-free fun...

http://taxguru.in/income-tax-case-laws/interest-di...

The Assessing Officer has deleted the interest on borrowed capital without recording any finding to the effect that the borrowed capital on which interest was p

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von Longin15v

Maintenance & development of park is charitable ac...

http://taxguru.in/income-tax-case-laws/maintenance...

On going through the remaining object of the trust, read with the provisions of sections 2(15), 12A, 12AA of the Income Tax Act, and the case laws cited by the

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von Longin15v

Assessee can claim Refund of TDS paid twice or exc...

http://taxguru.in/income-tax-case-laws/assessee-cl...

Since no provision is made in the Act or the Rules for claiming refund of excess TDS deducted with respect to remittance to the foreign company, CBDT issued its

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von Longin15v

Misuse charges & interest on the same not deductib...

http://taxguru.in/income-tax-case-laws/misuse-char...

Explanation-I to section 37(1) provides inter-alia that any expenditure incurred for any purpose which is prohibited by law shall not be deemed to have been inc

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von Longin15v

Derivative by itself cannot be termed as an invest...

http://taxguru.in/income-tax-case-laws/derivative-...

The entire transactions of purchase/sale of securities/shares through derivatives and later on dealing with those shares/securities will determine whether an in

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von Longin15v

HC criticises Income Tax Department for playing di...

http://taxguru.in/income-tax-case-laws/hc-criticis...

Department cannot take advantage of its own inaction and lapses by taking a stand that the financial year is over. Such action of the opposite parties as rightl

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von Longin15v

Contingent deposits received from customers is inc...

http://taxguru.in/income-tax-case-laws/contingent-...

It is now well settled that in determining whether a receipt is liable to be taxed, the taxing authorities cannot ignore the legal character of the transaction

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