Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT Audit :: list of goods taxed at 4% :: empanelment :: cpt :: form 3cd :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act

I-T dept to contest ITAT order in Maya gift case
January, 21st 2008
In an attempt to insulate the Centre from the charge of shielding Ms Mayawati, the income-tax department is planning to challenge the Income Tax Appellate Tribunals (ITAT) clean chit to the Uttar Pradesh chief minister.

In a recent order, ITAT had legitimised the cash and properties the chief minister had massed through the donation route.

Ms Mayawatis political rivals have been charging the government with a brazen attempt to help the UP chief minister as ITAT order would provide her relief in the disproportionate assets case.
The charges got credence when UP governor T V Rajeswar refused to sanction the prosecution of the chief minister in the Taj Corridor case.

I-T officials involved in the investigations have been maintaining that the ITAT order will make it difficult to corner Ms Mayawati, who has acquired properties and huge amounts of cash in recent years. The chief minister has been maintaining that the properties were donated by BSP workers on various occasions.

In an intriguing order, ITAT had endorsed the stand taken by Ms Mayawati when it said that the gifts were given to her out of affection.

One may be impelled by his conscience or may be moved by emotions to part with his wealth or property and to give the same to a particular person for whom he has developed love and affection. Such a desire can be developed at any time and on any ground. The factors which weigh for executing such desire are best known to the donor. It is not easy to make probe into such human psychology or human emotions which one may carry at the time of making such sacrifices, the ITAT order had said.

I-T officials have been maintaining that the tribunals order will have a significant fallout on the CBI probe into the disproportionate assets case against the BSP supreme.

The chief minister and her relatives were found to be in possession of 72 immovable properties, besides Rs 13 crore she claimed to have mopped up through more than 300 small donations. The BJP had described the ITAT order as disturbing as it has the potential to be used by tainted politicians and bureaucrats in future.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions