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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: TDS :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT RATES
 
 
Direct Tax »
 In some instances, filing of income tax return may not be mandatory
 Best 5 Income Tax-Saving SIP plans in India: How To save taxes by Investing in SIPs under 80C
 Tax refund checks are finally in the mail
 Income Tax dues in advance can be paid at RBI or at authorised bank branches by March 2017
 Why you must be looking beyond tax planning
 I-T dept. to lauch app for paying tax
 CBDT to taxman: Step up TDS survey operations to boost collections
 Tax Officers Asked To File Self-Appraisal Report On E-Assessment
 CBDT to taxman: Step up TDS survey ops to boost collections
 Govt to issue exemption list on new tax for unlisted firms
 CBDT issues third round of certificates to tax payers

Mah Satyam may move HC against CBDT provisional order
February, 10th 2012

Mahindra Satyam is looking to approach the Andhra Pradesh High Court against the provisional order issued by the Central Board of Direct Taxes (CBDT), reports CNBC-TV18's Kritika Saxena quoting sources.

It is learnt that the software company's team is actively looking at taking legal remedies filing a case in the Andhra Pradesh High Court. Earlier on February 4, the CBDT had sent a provisional order to Mahindra Satyam attaching property of the erstwhile company in order to protect revenues that were due from the firm.

According to sources, the legal team will finalise the draft report by next week and will submit it to the board for approval. This provisional order will come against the section 281 of the Income Tax Act. This was something that Mahindra Satyam had indicated on the February 4 itself that they will be looking at fighting against.

The company is already battling couple of other tax cases, so of course there is the pressure on the firm to probably look at completing all these issues before the merger. But sources indicated that the merger timeline will not be affected.
In fact in an earlier interview to CNBC-TV18, Vineet Nayyar had clearly said that the merger will not be impacted by any kind of issue with the CBDT. He also indicated that they will be taking legal remedies for the same and we would get details on this shortly.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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