1. Site Map
  2. Contact Us

Tax Audit Format is Revised. Click here.

Cost Inflation Index for Financial Year 2014-15 is 1024

Extension of Electronic Furnishing of Tax Audit Report
CBDT in exercise of power under sec 1l9(2)(a) of the IT Act, 1961 read with Sec 139 and Rule 12, has decided to relax the requirement of furnishing the Report of Audit electronically


CBDT Clarification on Tax Scrutiny of Mergers and Acquisitions Cases
The CBDT has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acquisitions


Suggestion on DTC Bill, 2010
Standing Committee on Finance invites suggestions on “the Direct Taxes Code Bill, 2010


Tax Point India

  1. Blog
  2. News
  3. Case Law

12 November 2013 : Service Tax

Presentation on Service Tax more ...

16 August 2013 : Highlights of the Companies Bill, 2012

Presentation on Highlights of the Companies Bill, 2012 (as passed by Rajya Sabha) more ...

24 December 2012 : Controversy that looms over LOs activities in India

Liaison Office (LO) is one of the organisational structures whereby a foreign entity establishes its presence in India for a very limited purpose and does not undertake any direct business activity. It is like getting to know more about the local more ...

15 April 2013 : India, Malta sign new double taxation avoidance pact

India and Malta signed a new double taxation avoidance pact (DTAA) at Valetta, Malta, on April 8. more ...

14 April 2013 : I-T dept to ‘name and shame’ habitual tax evaders

The Income Tax department has decided to name and shame “chronic” tax defaulters by publicising their names and addresses. more ...

10 April 2013 : Direct taxes panel to discuss procedural snags on Friday

Procedural and administrative difficulties faced by income tax assessees are likely to come up for special discussion at the meeting of the Central Direct Taxes Advisory Committee (CDTAC) slated for Friday. more ...

  1. SC
  2. HC
  3. AAR
  4. ITAT

29 July 2011 : Honda Siel Power Products Ltd. -vs- Dy. CIT
Sec. 14A bars reassessment but not original assessment on the basis of the retrospective amendment. more ...

06 July 2011 : CCEx -vs- M/S Doaba Steel Rolling Mills
The Central Board of Direct and Indirect Taxes are required to come out with a uniform policy, laying down strict parameters for the guidance of the field staff for deciding whether or not an appeal in a particular case is to be filed. more ...

05 July 2011 : Justice P.D. Dinakaran -vs- Hon'ble Judges Inquiry Committee and others
In deciding the question of bias one has to take into consideration human probabilities and ordinary course of human conduct more ...

25 May 2012 : CIT -vs- Vision Inc.
If the notice served its purpose, it does not matter on whom the notice is served. whenever a case is set up by the assessee that there has been no valid or proper service of the notice issued under Section 143(2) of the Act, be it for the purpose of regular assessment under Section 143(3) of the Act or for the purpose of a block assessment under Chapter XIV-B or for the purpose of an assessment under Section 153A, such a plea has to be examined thoroughly and in-depth by taking a practical and reasonable view of the matter, not inconsistent with the statutory provisions, keeping in mind the basic principle that the liability to pay tax, which is founded on the charging provisions of the statute, is not to be nullified on specious or unjustified pleas taken by the assessee. more ...

23 May 2012 : Jagran Prakashan Ltd. -vs- DCIT (TDS)
Ad agencies are not agent of newspaper; hence TDS is not required to be deducted on commission paid to such agencies more ...

04 May 2012 : Court on Its Own Motion -vs- CIT
High Court takes notice of TDS Refund harassment by Department & Demands Answers more ...

01 August 2011 : Cairn U.K. Holdings Ltd.
The proviso to section 112 shall not be applicable in case of long term Capital Gains arising to non-resident on sale of equity shares. more ...

26 July 2011 : LS Cable Limited
Even if a PE is involved in carrying on some incidental activities such as clearance from the port and transportation, it cannot be said that the PE is in connection with the offshore supplies more ...

06 August 2010 : Joint Accreditation System of Australia and New Zealand
India-Australia DTAA : There is no transfer of any skills or technical knowledge or experience, or process or know-how to CABs (Conformity Assessment Bodies) on account of grant of accreditation by applicant to those entities for providing third party certification and/or inspection services more ...

30 September 2011 : ACIT -vs- M/s Punjab State Coop & Marketing Fed. Ltd. / M/s Punjab State Coop & Marketing Fed. Ltd. -vs.- ACIT
No disallowance u/s 14A shall be made in absence of nexus between investment in tax-free securities & borrowed funds. Sec. 14A disallowance cannot exceed exempt income more ...

22 July 2011 : ACIT -vs- Star Cruise India Travel Services Pvt Ltd
The business operations carried out outside India and inside India must have such a relationship as to contribute to business operations as a whole. The income which can be subjected to tax in India can never exceed the income attributable to operations carried out in India. more ...

18 July 2011 : Anjuman-e-Khyrkhah-e- Aam -vs- Dy.DIT
If a charitable trust, carrying on charitable activities alone, applied funds for acquiring buildings and similar assets, such amounts also should be considered as amounts applied for charitable purposes. Even if one or two assets are applied for other purposes, it shall be classified under charitable trust only because it is quite natural that the assessee may explore new sources of income to support charitable activities. more ...

Tax Point Forums

TopicsAuthorReplies ViewsLast Post
Income Tax Calculator FY 2012-13PranabBanerjee1297130 May 2012 at 12:00am
By vikash
Advance Tax & Capital GainsGuests1277510 December 2011 at 12:00am
By Guests
Happy MomentGanesh1386205 March 2010 at 12:00am
By Ganesh
PLZ EXPLAIN SEC. 145A OF INCOME TAX ACTarpit11993103 February 2010 at 12:00am
By Ganesh
New Perquisites Rulesvikash1232821 December 2009 at 12:00am
By vikash

Tax Point Tools

  1. Total Income & Tax Calculator
  2. Income Tax Calculator
  3. TDS Calculator
  4. TDS Calculator with Interest
  5. Interest Calculator
  6. Advance Tax Calculator
  7. Capital Gain Calculator
  8. Book Profit (MAT) & Tax Calculator