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TMI - e-Newsletter TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Income Tax Assessment Notice Issued by... 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 Undisclosed investments, agricultural land... TaxTMI Taxpayer's victory: AO's order upheld, PCIT's... TaxTMI Non-resident Singapore firm's software licensing... TaxTMI Excessive transport expenses deduction and TDS... TaxTMI Importer imports "Ground Colemanite (B2O3 40%)... TaxTMI Bank penalized for delayed reporting of high-value... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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June 26, 2012 CHANGES TO NAME AVAILABILITY GUIDELINES June 26, 2012 Policy Relating to FII Investments in Government Securities and Long-Term Infrastructure Bonds Rationalized; New Scheme for ECB Borrowings Introduced June 26, 2012 GUIDELINES FOR SETTING UP AND CONVERSION OF FIRMS OF PCS INTO LLPs June 25, 2012 Anand Sharma urges Antwerp Bourse to establish institutional linkage with Bharat Diamond Bourse June 25, 2012 RBI announces Further Liberalisation Measures for Capital Account Transactions June 25, 2012 STEP CLOSER TO THE GOODS AND SERVICE TAX (GST) June 25, 2012 Adjustment of excess service tax paid for the discharge of service tax liability for the subsequent period June 22, 2012 MCA Notification on Investor Education. June 22, 2012 IKEA Applies to Invest EURO 1.5 BN in India. June 21, 2012 Exchange rates relating to imported and export goods notified. June 21, 2012 CCI issues order against Cement Manufacturers, Imposes penalty of more than six thousand crores on 11 Cement companies. June 21, 2012 India and Russia set US$ 20 BN bilateral trade target by 2015 India plans to invest US$1 trillion in infrastructure in next five years: Anand Sharma India keen to participate in Pharma 2020 program. June 21, 2012 Anand Sharma Pushes for Favourable Terms for Pharma Export to Russia Russia asks for Joint Production of Civilian Aircraft Russia Raises Sistema Issue in Bilateral Talks Metro AG CEO meets Anand Sharma. June 21, 2012 Taxation of Services - An Education Guide. June 20, 2012 FM releases Guidance Paper on service tax: new approach intended to take country and economy a step closer to GST June 20, 2012 Import of Sensitive Items During April-March 2012. June 20, 2012 Jurisdictional commissioner should not be part of DRP to avoid likelihood of bias June 20, 2012 144C : Assessment - Dispute resolution panel June 19, 2012 New LLP Portal – Guidelines for Stake holder. June 19, 2012 Auction for Sale of Government Stocks.

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F: Stock damaged in recent floods

F: GST on Solar Plant

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A: Difference between “License” and “Royalty”

A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...

N: Inland Container Depots for loading and unloading of goods - Seeks to ...

C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

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F: Transfer of ITC without filing ITC-02

F: assessment order

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

F: ITC Issue in case of Acqusition of Company in Insolvency

H: Goods matched documents like e-way bill and invoices; detention order ...

H: Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashe...

H: Income tax reassessment validity: AO initiated proceedings u/s 147 ins...

H: Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation En...

H: Sale-purchase loss disallowed unreasonably by tax officer, commercial ...

H: Building sale value can't determine depreciation; actual consideration...

H: Loan to equity conversion attracts income tax on excess share premium ...

H: Property purchase: Joint owners pay via banking channels before regist...

H: Tax exemption limit for leave encashment: Local authorities' employees...

H: Tax assessments beyond 6-year limit quashed, satisfaction note lacked ...

H: Cash found in lockers linked to temple trust and educational foundatio...

H: Microphone Tech Classification: Functionality Over Technology.

H: Exemption from Social Welfare Surcharge on duty-free imports via scrips.

H: Claim for performance pay not an operational debt under IBC; Multiple ...

A: Director Identification Number

A: No GST is applicable for the services provided by the Director under p...

A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...