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DIRECT
TAX LAWS |
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From
ITAT |
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n
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Only
that much of profit as are arising due to assets and activities of
PE of assessee in India can be brought to tax and if whole of
activities of business are not carried out in India profit should
be apportioned between that arising in India and that arising
outside India - Galileo International Inc. v. Dy. CIT [IT Appeal
Nos. 2473 to 2475 (Delhi) of 2000, 1733 (Delhi) of 2001 and 820 to
823 (Delhi) of 2005] [Order
Date 30-11-2007]
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SECURITIES
LAWS |
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Statutes |
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n
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Draft
Securities
and Exchange Board of India (Real Estate Investment Trusts)
Regulations, 2008
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FEMA |
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Statutes |
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n
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Permission
for Short selling of Equity Shares by SEBI registered FIIs - A. P.
(DIR Series) Circular No. 23, dated 31-12-2007
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DAILY
CASE LAW REPORTER |
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Direct
Tax Laws |
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n
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Mumbai
ITAT on section 22 of Income-tax Act - Income-tax Officer v. Janta
Bazar & Stores (P.) Ltd. [IT APPEAL NOS. 3849 TO 3855 (MUM) OF
2003] [Order Date 17-10-2006]
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n
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Bombay
High Court on sections 37(1) and 40A(2) of Income-tax Act
- Commissioner of Income-tax
v. Manjara Shetkari Sahakari Sakhar Karkhana Ltd. [IT
APPEAL NOS. 394 TO 396, 418 AND 527 OF 2005, 247, 249 TO 252, 254,
255, 257, 260, 262 TO 265, 267, 277, 282 TO 289, 291 TO 299, 300,
305, 314, 317, 318, 325, 327 TO 329 AND 332 OF 2007] [Order Date
14-8-2007]
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n
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Punjab
and Haryana High Court on section 143 of
Income-tax Act -
New
Kailash Cotton Factory v. Assessing Officer-cum-Income-Tax Officer
[I. T. APPEAL NO. 510 OF 2006] [Order Date 21-3-2007]
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n
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Orissa
High Court on section 153
of Income-tax Act - Commissioner
of Income-tax v. Orissa Forest Development Corpn. Ltd. [S. J. C.
NO. 100(A) OF 1991] [Order Date 10-8-2006]
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n
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Rajasthan
High Court on section 10(14)
of Income-tax Act - Commissioner
of Income-tax v. P. N. Verma [IT Reference No. 57 of `995] [Order
Date 10-4-2006]
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n
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Delhi
High Court on section 37(1)
of Income-tax Act - R.C.
Gupta v. Commissioner of Income-tax [IT REFERENCE NO. 153 OF 1986]
[Order Date 3-9-2007]
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n
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Chandigarh
ITAT
on section 37(1)
of Income-tax Act - Assistant
commissioner of Income-tax v. Sahib Forge [I. T. APPEAL NO.
497(CHANDI) OF 2006] [Order Date 29-6-2007]
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Service
Tax |
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n
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New
Delhi CESTAT on Rule 3 of the Cenvat Credit Rules, 2002 - CCE,
Jalandhar v. Nakodar Co-operative Sugar Mills [EXCISE APPEAL NO.
3377 OF 2005] [Order Date 20-8-2007]
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n
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Chennai
CESTAT on Rule 10 of the Cenvat Credit Rules, 2004 - Shree Rama
Multi-Tech Ltd. v. Commissioner of Central Excise [APPEAL NO. E/88
OF 2007] [Order Date 3-7-2007]
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n
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Delhi
CESTAT on
Rule 4 of the Cenvat Credit Rules, 2002 - Shyam
Forgings v. Commissioner of Central Excise [EXCISE APPEAL NO. 3136
OF 2005 - SM (BR)] [Order Date 22-8-2007]
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NEWS |
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Direct
Tax |
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n
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Your
income tax exemption limit may just go up this year
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n
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Tax-GDP
ratio to exceed target: FM
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n
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Tax
department to keep a close watch on research bodies
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n
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Tax
amnesty scheme pays off
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n
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Income
tax code overhauled: Chidambaram
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n
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Direct
tax mop-up may top Rs 3 lakh cr this fiscal
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n
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Direct
tax collection up 40%
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n
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Chidambaram
hints at direct tax rate cut
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n
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Chidambaram hints at a
'moderation' in tax rates
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Insurance
Laws |
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n
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Insurers' body seeks service tax sop
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Securities
Laws |
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n
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SEBI
targets company insiders making fast buck
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n
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SEBI amends listing agreement
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Other
Laws |
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n
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RBI to build its IT muscle, plans data centres in
Maharashtra
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