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Delhi HC to Railways to reinstate employee, guilty of misappropiating rupees 83 (19 Aug 2008)
The Delhi High Court directed the Northern Railways to reinstate its employee, who was asked to take compulsory retirement on charges of misappropriating Rs 83 from the cash department four years ago.
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IT raids in Delhi, MP (22 Jul 2008)
Income-Tax sleuths conducted raids at about a dozen locations in Delhi and in Indore.
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SC refuses to entertain plea challenging CAG appointment (14 Jul 2008)
The Supreme Court today refused to entertain a petition challenging the appointment of Vinod Rai as Comptroller and Auditor-General of India.
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CBDT announces amendments to Industrial Park Scheme (04 Jul 2008)
The Central Board of Direct Taxes has notified amendments to the Industrial Park Scheme 2008 under sub-section (4) of section 80IA of the Income Tax Act, 1961 on 2nd July 2008.
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A Diamond Jubilee for ICAI (01 Jul 2008)
The Prime Minister, Dr. Manmohan Singh, inaugurated the Diamond Jubilee Year celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi today. Speaking on the occasion, Dr. Singh called the Chartered Accountants of India to reaffirm their commitment to the cause of excellence, independence, ethical conduct and highest standards of professional integrity.
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Corporate and income tax collections show growth rate over 43% (25 Jun 2008)
Collection from Corporate Income Tax and Personal Income Tax as on 21st June, 2008 is Rs. 49,411 crore exhibiting a growth rate of 43.45% over previous year.
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Kerala HC quashes Vigilance court order against Vakkom (20 Jun 2008)
The Kerala High Court today quashed the Vigilance Court order directing a preliminary inquiry into the allegations that former Minister Vakkom Purushothaman and his relatives had acquired wealth disproportionate to their known sources of income.
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Old business community of Sikkim seeks exemption from Central IT (09 Jun 2008)
The business community of Sikkim, living in the state for generations with Sikkim subject certificates, has demanded Chief Minister Pawan Chamling to recommend their exemption from the Central Income Tax to the Union Government.
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India Signs Double Taxation Avoidance Agreement with Luxembourg (02 Jun 2008)
Government of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on Income and on capital.
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Madras HC admits Jaya’s petition in wealth tax case (27 May 2008)
The Madras High Court today admitted a petition filed by AIADMK supremo J Jayalalithaa, seeking to set aside a lower court order dismissing her discharge petition in the wealth tax case.
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