ICAI Announced – e-Learning course on Transfer Pricing
Nov 21, 2009 ICAI
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The new world trade order ushering in globalization has resulted in considerable increase in foreign institutional investments and a huge expansion in the production & service base leading to a multiplicity of international transactions. International taxation is hence assuming increasing importance, wherein the spectrum of transfer pricing is a major component.
Tags: act 2001, amp service, associated enterprises, basic principles of taxation, Chartered Accountant, finance act, income tax act, income tax act 1961, institutional investments, international taxation, international transactions, major component, multiplicity, principles of taxation, ramifications, salient features
Poor drafting of Cenvat credit Rules leading to litigations and conflicting decisions by various benches: SC
Aug 22, 2009 Excise Duty
The Supreme Court has said the CENVAT Credit Rules were not properly drafted causing huge rise in litigations and conflicting decisions by various benches of Custom Excise & Service Tax Appellate Tribunal (CESTAT). The apex court said that repeated amendments in the CENVAT Credit Rules has given a further fillip in rising number of litigations in the country.
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Tags: aftab, amp service, apex court, appellate tribunal, custom excise, Excise Duty, fertilizers, fillip, gas turbines, generation of electricity, gujarat, joint ventures, kapadia, maruti suzuki, natural gas