Fwd: TaxGuru : “Strip Club ‘Pole Tax’ not unconstitutional – Texas Supreme Court” plus 10 more

---------- Forwarded message ----------
From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Sun, Aug 28, 2011 at 9:41 AM
Subject: TaxGuru : "Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court" plus 10 more
To: palashbiswaskl@gmail.com

TaxGuru : "Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court" plus 10 more

---

• Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court
• Foreign Direct Investment (FDI) Prospect for India
• Cost Accountant – Career, Prospects, Academic pursuits Audit and Other Work Opportunities for those in Practice and in Employment
• Important message on XBRL Taxonomy and Validation Tool
• Appellate authority has every right to remand a matter on a specific point if the mistake of the authority below is limited to that very point and, in such a situation, there is no necessity to pass an order of a fresh assessment on all points
• Discretion lies with the Tribunal to admit additional evidence in the interest of justice
• Transfer Pricing- Comparables have to be compared on similar standards
• When assessee fails to declare the undisclosed income in block return, and the additions made by the AO based on the seized materials are sustained, penalty is warranted in such a case
• TRO can sell the right, title and interest of the defaulter assessee and nothing more, If the said right, title and interest is hedged with the conditions or fetters, the sale will be made subject to the said condition/fetters
• ICSI – Last date for Annual Membership fee for the year 2011-12
• Massive Death …Gifted By Speculators

Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court Posted: 27 Aug 2011 08:50 PM PDT HOUSTON — The Texas Supreme Court ruled Friday that the state's pole tax — a $5-per-customer fee that strip clubs that serve alcohol are required to pay the state — did not violate the clubs' free-speech rights, overturning a lower court decision... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Foreign Direct Investment (FDI) Prospect for India Posted: 27 Aug 2011 08:08 PM PDT India now with consistent growth performance and abundant high-skilled affordable manpower provides enormous opportunity for investment both domestic and foreign. Foreign direct investment (FDI) causes a flow of money into the economies which... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Cost Accountant – Career, Prospects, Academic pursuits Audit and Other Work Opportunities for those in Practice and in Employment Posted: 27 Aug 2011 07:41 PM PDT The Cost Accountants are authorised to conduct audit and other as follows: Statutory Auditors under Value Added Tax Act of States: Many States have authorised Cost Accountants for auditing, certification of returns and to appear as authorised... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Important message on XBRL Taxonomy and Validation Tool Posted: 27 Aug 2011 06:37 AM PDT Representations from stakeholders on accounting and technical aspects of the Taxonomy to be used for XBRL filings of financial statements by the companies were received by the Ministry of Corporate Affairs. These suggestions/comments were referred... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Appellate authority has every right to remand a matter on a specific point if the mistake of the authority below is limited to that very point and, in such a situation, there is no necessity to pass an order of a fresh assessment on all points Posted: 27 Aug 2011 02:39 AM PDT Surajmall Lalchand & Sons v ACIT-XI (Calcutta High Court)- In the case of CIT vs. H. P. State Forest Corporation Ltd (supra), a Division Bench of Himachal Pradesh High Court was considering a case where the accounts of the assessee, a State... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Discretion lies with the Tribunal to admit additional evidence in the interest of justice Posted: 27 Aug 2011 02:30 AM PDT CIT vs Text Hundred India Pvt. Ltd(Delhi HC)- Rule 29 of the ITAT Rules - Additional evidence should be allowed to be submitted at the Tribunal to prove benefit received by receipt of management services by the Assessee. AO denied deduction of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Transfer Pricing- Comparables have to be compared on similar standards Posted: 27 Aug 2011 01:58 AM PDT Genisys Integrating System (India) Pvt. Ltd vs DCIT All the comparables have to be compared on similar standards and the assessee cannot be put in a dis-advantageous position, when in the case of other companies adjustments for under utilization... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

When assessee fails to declare the undisclosed income in block return, and the additions made by the AO based on the seized materials are sustained, penalty is warranted in such a case Posted: 27 Aug 2011 01:52 AM PDT Triumph International Finance I Ltd V. ACIT (ITAT Mumbai)- the undisclosed income determined in the case of the assessee is not as a result of disallowing any claim of the assesse because the same is not allowable as per the provisions of law but... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

TRO can sell the right, title and interest of the defaulter assessee and nothing more, If the said right, title and interest is hedged with the conditions or fetters, the sale will be made subject to the said condition/fetters Posted: 26 Aug 2011 10:15 PM PDT CIT Vs M/s Monoflex India Pvt Ltd (Delhi HC)- Whether when the property, which was auctioned by the TRO for recovery of tax, is a leased property to the defaulter under a perpetual lease agreement, the right in the said property can only be... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICSI – Last date for Annual Membership fee for the year 2011-12 Posted: 26 Aug 2011 09:36 PM PDT The names of the member s who will not remit their annual member s hip fee for the year 2011-12 by the la s t extended date i.e. 31st August, 2011 will stand removed from the Register of members w.e.f. 1st September, 2011. They shall be required... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Massive Death …Gifted By Speculators Posted: 26 Aug 2011 09:25 PM PDT It's a big day for Federal Reserve Chairman Ben S. Bernanke. In a much-anticipated speech in Jackson Hole, Wyoming the world expects that the US FED will come up with another round of QE3. The main hope of the world is that quantitative easing 3 Fed... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

You are subscribed to email updates from TaxGuru.in - Daily Tax and Corporate Law Update To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/