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| « From the Courts » |
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 Court On Its Own Motion vs. CIT (Delhi High Court) | | Asstt. Commissioner of Income Tax, Central Circle-9, New Delhi Room No. 357, ARA Centre, E-2 vs. M/s Moets Bar-B-Cue,50, Defence Colony Market, New Delhi 110 024 PAN/GIR NO. : AAAFM7936M | | ADIT, Cir. 1(1), (Intl. Taxation), 204, Drum Shape Building, IP Estate, New Delhi 110 002 vs. Ms. Meena Chopra, P-13, Ground Floor,Malviya Nagar, New Delhi | | CIT vs. Awadh Hotels (P) Ltd (Allahabad High Court) | | BEFORE SHRI H.L.KARWA, HON'BLE, VICE PRESIDENT AND SHRI MEHAR SINGH, ACCOUNTANT MEMBER | | BEFORE SHRI H.L.KARWA, HON'BLE, VICE PRESIDENT AND SHRI T.R.SOOD, ACCOUNTANT MEMBER | | Mehsana Circle Vs Mehsana M/s.Shree Riddhi Corporation 32, Amikunj Society Near Technical School, Kalol | | ITO, Ward 40(3), Room No. 307, Mayur Bhavan, vs. Sh. Mohan Lal Walia, Through L/H Mrs. Prem Walia, G-251, Palam Vihar, Gurgaon, | | M/s. All Cargo Global Logistics Ltd.5th Floor, Diamond Square, C.S.T. Road, Kalina, Santacruz (E),Mumbai – 400 098. | | Dy. Commissioner of Income Tax, Circle 6(1), Room No. 413, CR Building, New Delhi vs. Maharani Paints India Pvt. Ltd., TA-3/146-C, Tuglakabad Extn.,New Delhi | | Income Tax Officer, Ward 38(2), Room No. 234A, 2nd floor, CR Bldg., IP Estate, New Delhi vs. Sh. Naresh Kumar Through Legal Heir Sh. Naveen Kumar, 9307, Gaushala Marg, Kishan Ganj Delhi – 110 006 |
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| « SC exempts Aussie company from fringe benefit tax... | High court ruling could add to MNCs' tax burden... » |
Aircel enters Calcutta |
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| May, 23rd 2008 |
| Dishnet Wireless, the owner of the Aircel brand of GSM mobile services, will enter the Calcutta circle from tomorrow. The company will be the fifth player in the GSM telecom space and seventh among all service providers in the city. The company has been present in the Bengal circle since 2005 and the plan to enter Calcutta was finalised about a year ago.
Jaguar funds
Mumbai, May 4: A consortium of banks mandated to raise $3 billion to fund Tata Motors acquisition of Jaguar and Land Rover is likely to complete the fund-raising by the end of May. The consortium, which comprises eight mandated lead arrangers, has received a $1-billion commitment from around seven banks.
Tax rule
New Delhi, May 4: Investors who buy shares with borrowed money from institutions cannot claim tax deduction on interest paid on such borrowings, the Mumbai bench of the income tax appellate tribunal has ruled. No deduction is allowable to the assessee in respect of interest paid on borrowed funds, it said.
PowerGrid
New Delhi, May 4: Power Grid Corporation of India is planning to make its foray into the neighbouring countries. It is already setting up transmission lines in Myanmar, Power Grid chairman and managing director R.P. Singh said.
BG India
Mumbai, May 4: BG India, a part of the British Gas group, plans to invest $1 billion in the exploration business in the next two to three years, BG India managing director Kapil Garg said.
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