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: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT RATES :: cpt :: articles on VAT and GST in India
 
 
From the Courts »
 Pragati Financial Management Pvt. Ltd vs. CIT (Calcutta High Court)
  CIT vs. Equinox Solution Pvt. Ltd (Supreme Court)
 Formula One World Championship Limited vs. CIT (Supreme Court)
 CIT vs. Raghuvir Synthetics Ltd (Supreme Court)
 Ultratech Cement Ltd vs. ACIT (Bombay High Court)
 Vikram Singh vs. UOI (Delhi High Court)
  CIT vs. Annamalaiar Mills (Supreme Court)
 CIT vs. Equinox Solution Pvt. Ltd (Supreme Court)
 Centaur Helicopter Services P. Ltd. Vs. Commissioner Of Income Tax
 Ashok Chawla Vs. Commissioner Of Income Tax
 NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA LTD. Vs. COMMISSIONER OF INCOME TAX, DELHI-XI & ANR.

CBI now tells SC it'll charge Mayawati for illegal wealth
August, 27th 2010

Mayawati's encounter with the CBI has come full circle, with the investigative agency telling the Supreme Court that there was a fit case for prosecution of the UP chief minister in a disproportionate assets case.

In an affidavit, CBI contested Mayawati's argument that the agency was harassing her despite the Income Tax Appellate Tribunal (ITAT) backing her stand that the "disproportionate assets" were gifts received by her. CBI argued that ITAT findings were based on assumptions and conjectures whereas evidence collected by CBI was unimpeachable.

In April this year, attorney-general G E Vahanvati had told SC that CBI would consider her April 20 representation protesting CBI's stubbornness in persisting with the DA case despite the clean chit from the I-T department. The matter comes up for hearing on Monday.

The latest turn in the DA case is being seen through the prism of her equations with the Centre. CBI's readiness to consider her plea to accept the I-T department's certificate to her came when Centre needed BSP's support in the trial of strength with the Opposition over cut motions. On April 27, BSP voted with UPA against the cut motion brought by BJP and Left.

Curiously, the agency had shown willingness to consider her plea to accept the I-T department's certificate to her as recently as April this year. Its rejection of the certificate now coincides with escalation of tension between Congress and BSP, with Rahul Gandhi joining the protest against police firing on farmers resisting acquisition of land for Mayawati's dream project, Yamuna Expressway.

The renewed hostility between the two sides is said to be the reason why this time Congress preferred to have an agreement with BJP to secure the passage of the nuclear liability bill on Wednesday rather than strike deals with BSP, SP and RJD.

Countering Mayawati's argument, CBI, in its affidavit before the SC, argued that the I-T Appellate Tribunal's finding, which had already been appealed against in Allahabad HC, could not be cited as evidence in a criminal case in which investigation had been completed and the agency was ready with the chargesheet against her.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

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