RECENT INCOME TAX CASE LAWS: Fw: TaxGuru : ?TDS on Salary ...

RECENT INCOME TAX CASE LAWS IN INDIA

We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.

Posted by kanoisandeep | Wednesday, October 10, 2012

TDS on Salary ? Provisions ? A.Y. 2013-14 / F.Y. 2012-13 Posted: 09 Oct 2012 08:38 PM PDT The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head Salaries during the financial year 2012-13 and explains certain related provisions of the Income-tax Act, 1961 (hereinafter the Act) and Income-tax Rules, 1962 (hereinafter the... Pay up Defaulted Committed Tax ? CBDT Posted: 09 Oct 2012 07:22 PM PDT Analysis of e-filed returns filed in the current Financial Year reveals that nearly 29,000 taxpayers, where committed tax payable was in excess of Rs.50,000, have defaulted on the payments aggregating to approximately Rs. 3,770 crores. Overview of Cyber Laws In India Posted: 09 Oct 2012 06:44 PM PDT Tax Paid by employer from salary income cannot be added to the income of the assessee Posted: 09 Oct 2012 09:26 AM PDT In other words, though the assessee had paid tax of Rs.50.00 lakhs, since the assesses was entitled to reimbursement of Rs.35.00 lakhs from the Company, the salary income (Rs.77.00 lakhs) received by the assesses had to be enhanced by Rs.35.00 lakhs only and not the balance Rs.15.00 lakhs which is... Two Lease agreement can't be clubbed to determine deemed ownership Posted: 09 Oct 2012 09:12 AM PDT Section 269UA(f) does not operate differently merely because the licencee under different agreements is the same. It is always open to a licensor and a licencee to enter into different agreements for different periods. There is nothing in the above provisions that warrants the periods under the... IT ? Draft Report on Retrospective Amendments Relating to Indirect Transfer Posted: 09 Oct 2012 09:06 AM PDT Sale of property despite Court's injunction is contempt of Court Posted: 08 Oct 2012 11:11 PM PDT This court vide order dated 15.9.2006 gave a clear mandate to the respondent no.4 to seek permission of the court before entering into any sale transaction but the respondents no.1 to 4 in utter disregard and blatant defiance of the said injunction order kept on selling its lands to various buyers... Adjudicating authority cannot reject authorization granted by approval committee in respect of input services Posted: 08 Oct 2012 11:01 PM PDT As regards the refund claim of Rs. 6,66,794/- which has been rejected on the ground that the services to which this amount pertains do not have direct nexus with the authorized operations undertaken by the appellant, this stand of the department is totally incorrect. The Approval Committee which... Section 44AB not applicable if Assessee not involved in or has no income from business / profession Posted: 08 Oct 2012 10:56 PM PDT Section 44AB of the Act becomes operative where there is computation of profits and gains of business or profession as a part of total income. In other words, it has no applicability where the assessee is not involved in or has no income from profits and gains from business or profession. On dissolution of partnership firm, only firm is taxable on capital gain on Assets distributed to Partners Posted: 08 Oct 2012 10:19 PM PDT Order passed by DRP without any reference of Assessee's objection is a non speaking order Posted: 08 Oct 2012 10:06 PM PDT On perusal of records, it was found that the assessee has filed detailed objections on selection of two comparables. But the D.R.P. has not made any reference in the impugned order about the objections of the assessee. Thus, the order of the D.R.P. cannot be termed as a speaking order. The said... Sending the case back back for quantification of amount is not remand Posted: 08 Oct 2012 09:44 PM PDT HC has no jurisdiction on Issue of classification of service Posted: 08 Oct 2012 09:32 PM PDT DGFT ? Declarations to be furnished to integrate e-BRC with the schemes under Foreign Trade Policy Posted: 08 Oct 2012 07:53 PM PDT Policy for allocation of quota for import of Rough Marble Blocks for Indian companies investing abroad in marble mining Posted: 08 Oct 2012 07:50 PM PDT Notification No. 20 (RE-2012)/2009-2014 Import Policy for allocation of quota for import of Rough Marble Blocks by Indian companies investing abroad in marble mining has been notified with an annual quota of 1 lakh MT.

Source: http://incometaxcaselawsindia.blogspot.com/2012/10/fw-taxguru-tds-on-salary-provisions-ay.html

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