n  Finance Act, 2008 [No. 18 of 2008] Assented by  the President on 10-5-2008

n  Section 90(A)/(B) of the Finance Act, 2008 - Effective date of - Notification No. 18/2008 - Service Tax, dated 10-5-2008

n  Service Tax (Second Amendment) Rules, 2008 -  Amendments in rules 4A, 4B and 6 - Notification No.19/2008 - Service Tax, dated 10-5-2008

n  Export of Services (Second Amendment) Rules, 2008 - Amendments in rule 3 - Notification No. 20/2008 -Service Tax, dated 10-5-2008

n  Taxation of Services (Provided from Outside India and Received in India) Second Amendment Rules, 2008 - Amendments in rule 3 -Notification No. 21/2008 - Service Tax, dated 10-5-2008 

n  Section 93 of the Finance Act, 1994 - Power to grant exemption from service tax - Amendments in Notification No.1/2006 - Service Tax, dated 1-3-2006 - Prescribed effective rates of duty for specified services - Notification No. 22/2008 - Service Tax, dated 10-5-2008

n  Section 93 of the Finance Act, 1994 - Power to grant exemption from service tax - Amendments in certain Notifications - Notification No. 23/2008 - Service Tax, dated 10-5-2008

n  Section 93 of the Finance Act, 1994 - Power to grant exemption from service tax - Amendments in Notification No. 41/2007 - Service Tax, dated 6-10-2007 - Taxable service received by an used for export of goods -  Notification No.24/2008 - Service Tax, dated 10-5-2008

n  AAR on principle and the basis on which the cost of acquisition of bonus shares has to be computed  - Kern-Liebers International GmbH v. Director of Income-tax [A.A.R. NO. 761 OF 2007]

n  AAR on taxability of examination fee collected from Individuals in India by  American Production and Inventory Control Society, Inc. (APICS)/American Society of Transportation and Logistics Inc. (AST&L)  - KnoWerX Education (India) Pvt. Ltd. v. Director of Income-tax [AAR No. 744 of 2007]

n  AAR on question as to whether the receipts from the contract entered into with GAIL are in the nature of 'royalties' as defined in Article 12 of the DTAA between India and Australia  - Worley Parsons Services Pty. Ltd., In re [A.A.R. No. 750 of 2007]

n  Salaried employees - There is no question of payment of advance tax by an employee whose total income comprises of salary from which tax at source is to be deducted as per statutory provisions and, hence, there is no question of applying provisions of section 234B to such a person who is not liable to pay advance tax - Assistant Director of Income-tax, International Taxation v. Western Geco International Ltd. [IT Appeal Nos. 4847 to 4941 (Delhi) of 2007]

n  Supreme Court on section 446 of the Companies Act, 1956 - M.V. Janardhan Reddy v. Vijaya Bank [Civil Appeal No. 3201 OF 2008]

n  Supreme Court on amortization loss computed under Rule 9A is subject to or not subject to the provisions of section 80 and section 139 of the Income Tax Act - Commissioner of Income-tax v. Joseph Valakuzhy [Civil Appeal No. 7750 of 2002]

n  Fringe Benefit  - Fringe benefit tax being a tax on expenditure, only concern of revenue wherefor should be as to whether such expenditure has been made; statute does not say that employee concerned should be a resident of India - R & B Falcon (A) Pty Ltd. v. Commissioner of Income-tax [Civil Appeal No. 3326 of 2008]

n  SAT sets aside SEBI order against Karvy Stock Broking  - Karvy Stock Broking Ltd. v. Securities and Exchange  Board of India [Appeal No.6 of 2007]