CBDT Circular on s. 281 Prior Permission For Transfer of Assets
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Year: 2011
Service Tax: Clarification Re Invoice Within 14 Days of ‘Completion of Service’
Representations requesting clarification on “completion of service” as provided under the Point of Taxation Rules, 2011 and Service Tax Rules, 1994 have been received from certain sections of service providers that in many situations it is not possible to issue invoices within 14 days of the completion of the service since the exact date of completion of service is difficult to identify. Instances have been given where after the task of providing the service may be physically accomplished, but certain other formalities are required to be completed from the client’s end before an invoice can be issued
Transfers & Postings Of Deputy / Assistant Commissioners of Income-tax
Vide Order No 122 of 2011 dated 15.7.2011 the CBDT has transferred and posted Deputy / Assistant Commissioners of Income-tax with immediate effect
Transfers & Postings Of Commissioners / Directors of Income-tax
Vide Order No 119 of 2011 dated 14.7.2011 the CBDT has transferred and posted Commissioners / Directors of Income-tax with immediate effect
Special Bench On s. 40(a)(ia)
Whether Sec. 40(a)(ia) of the Income Tax Act can be, invoked only to disallow expenditure of the nature referred to therein which is shown as “payable” as on the date of the balance sheet or it can be invoked also to disallow such expenditure which become payable at any time during the relevant previous year and was actually paid within the previous year?
Special Bench On Capital Gains On Slump Sale
Whether in the facts and circumstances of the case, the Assessing Officer was right in adding the amount of liabilities being reflected in the negative net worth ascertained by the auditors of the assessee to the sale consideration for determining the capital gains on account of slump sale?
Transfers / Postings of DCIT/ ACITs in International Tax & Transfer Pricing
Vide Order No. 113 of 2011 dated 7.7.2011, the CBDT has transferred and posted officers in the grade of ACIT & DCIT to the Directorate of International Tax and Transfer Pricing
Registration Of Lawyers For Service Tax Stayed By Madras High Court
The Revenue Bar Association, Madras, filed a Writ Petition in the Madras High Court challenging the validity of levy of service-tax on “legal consultancy services”. The Court has passed an order of interim injunction dated 24.06.2011 restraining the Ministry of Finance from compelling the members of the Petitioner from registering themselves with the service tax authorities and collecting service-tax from them until further orders
Special Bench To Decide Ex-Member’s Right To Practice Before ITAT
Whether, Shri Deepak R. Shah, Advocate and Ex-Accountant Member of the ITAT is debarred from practicing before the ITAT in view of insertion of Rule l3E in ITAT Members (Recruitment and Condition of Service) Rules,1963.
Transfer of Hon’ble Member (May 2011)
In pursuance of the consultations of the collegiums of the Income Tax Appellate Tribunal consisting of the President and two senior-most Vice Presidents, Smt. Diva Singh, Judicial Member, Income Tax Appellate Tribunal, Kolkata Benches, Kolkata is hereby transferred in the same capacity to the Income Tax Appellate Tribunal, Delhi Benches, New Delhi with effect from the forenoon of 20th May, 2011 for a period of one year
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