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TMI - e-Newsletter TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Transport agency's bundled services disqualify it... TaxTMI Taxman overreached by turning limited scrutiny into... TaxTMI Genuine anonymous donations not taxable. Grants not... TaxTMI Property investment source verification not valid... TaxTMI Income Tax Assessment Notice Issued by... TaxTMI Freight charges paid to foreign shipping co. not... TaxTMI Massive financial fraud via sham deals to launder... TaxTMI Excessive delay in issuing show cause notice &... TaxTMI Rectification: Show Cause Notice quashed for period... TaxTMI Investor locked into long-term capital gains bonds;... TaxTMI Funds received by assessee overlooked during... TaxTMI Cash deposits explained through VAT returns, cash... TaxTMI Customs duty dispute: Imported goods classified as... TaxTMI Appointment of adjudicator for corporate penalties... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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October 5, 2007 DIRECT TAX COLLECTIONS MAINTAINS GROWTH OF OVER 40% DURING APRIL-SEPTEMBER 2007 October 5, 2007 13 FDI PROPOSALS CLEARED October 4, 2007 IMPORT OF SENSITIVE ITEMS DURING APRIL-JULY 2007 October 4, 2007 EXPORTS UP BY 18.91% IN AUGUST 2007 - INDIA'S FOREIGN TRADE: APRIL-AUGUST, 2007 October 4, 2007 Taxability of Income from surrender of Leasehold rights - October 4, 2007 Allowance of deduction of excise duty from business income whereas duty is debited to PLA before actual removal of finished goods – Section 43B October 4, 2007 Income Tax - Revenue Expenditure Vs. Capital Expenditure – Scope of the term Current Repair u/s 31(i)

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