Reduction in timelines between issue closure and listing - Press Release No. 88/2010, dated 6-4-2010. source: www.taxmann.com

Convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS). source: www.taxmann.com

Once an issue was considered and decided by CIT (Appeals), remedy of Revenue cannot lie in invocation of jurisdiction u/s 263

It is open to an assessee to exhaust remedies as provided for u/s 144C against transfer pricing order passed u/s 92CA(3). www.taxmann.com

it would not become a colourable devise and consequently earn any disqualification. http://ping.fm/NhTl7

Once transaction is held to be genuine merely because it has been entered into with a motive to avoid tax, contd.

Reduction in timelines between issue closure and listing - Press Release No. 88/2010, dated 6-4-2010. Source www.taxmann.com

Overseas Investments - Liberalisation - A.P. (DIR Series) Circular No.45, dated 1-4-2010

Income tax authorities for purposes of Dispute Resolution Panel Notified. http://ping.fm/357Vq

It is open to an assessee to exhaust remedies as provided for u/s 144C against transfer pricing order passed u/s 92CA(3)

Consolidated FDI Policy (Effective from 1-4-2010) - Circular No. 1 of 2010, dated 31-3-2010

Collection of sales tax as a part of dealers’ price is nothing but a trading receipt

Charges towards reimbursement of expenses cannot be included in income.

Bar as provided in section 80-IA(3) is to be considered only for first year of claim of deduction u/s 80-IA

Overseas Investments - Liberalisation - A.P. (DIR Series) Circular No.45, dated 1-4-2010

Income tax authorities for purposes of Dispute Resolution Panel Notified. http://ping.fm/YXA1N

Service Tax on Rail freight deferred - Notification Nos. 20, 21 & 22/2010-Service Tax, dated 30-3-2010

Section 244A read with Explanation thereto does not exclude payment of interest on refund of self assessment tax

Collection of sales tax as a part of dealers’ price is nothing but a trading receipt. http://ping.fm/GQU3R