Sunday, August 28, 2011

Fwd: TaxGuru : “Strip Club ‘Pole Tax’ not unconstitutional – Texas Supreme Court” plus 10 more



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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Sun, Aug 28, 2011 at 9:41 AM
Subject: TaxGuru : "Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court" plus 10 more
To: palashbiswaskl@gmail.com


TaxGuru : "Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court" plus 10 more

Link to TaxGuru.in - Daily Tax and Corporate Law Update

Strip Club 'Pole Tax' not unconstitutional – Texas Supreme Court

Posted: 27 Aug 2011 08:50 PM PDT

HOUSTON — The Texas Supreme Court ruled Friday that the state's pole tax — a $5-per-customer fee that strip clubs that serve alcohol are required to pay the state — did not violate the clubs' free-speech rights, overturning a lower court decision...

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Foreign Direct Investment (FDI) Prospect for India

Posted: 27 Aug 2011 08:08 PM PDT

India now with consistent growth performance and abundant high-skilled affordable manpower provides enormous opportunity for investment both domestic and foreign. Foreign direct investment (FDI) causes a flow of money into the economies which...

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Cost Accountant – Career, Prospects, Academic pursuits Audit and Other Work Opportunities for those in Practice and in Employment

Posted: 27 Aug 2011 07:41 PM PDT

The Cost Accountants are authorised to conduct audit and other as follows: Statutory Auditors under Value Added Tax Act of States: Many States have authorised Cost Accountants for auditing, certification of returns and to appear as authorised...

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Important message on XBRL Taxonomy and Validation Tool

Posted: 27 Aug 2011 06:37 AM PDT

Representations from stakeholders on accounting and technical aspects of the Taxonomy to be used for XBRL filings of financial statements by the companies were received by the Ministry of Corporate Affairs. These suggestions/comments were referred...

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Appellate authority has every right to remand a matter on a specific point if the mistake of the authority below is limited to that very point and, in such a situation, there is no necessity to pass an order of a fresh assessment on all points

Posted: 27 Aug 2011 02:39 AM PDT

Surajmall Lalchand & Sons v ACIT-XI (Calcutta High Court)- In the case of CIT vs. H. P. State Forest Corporation Ltd (supra), a Division Bench of Himachal Pradesh High Court was considering a case where the accounts of the assessee, a State...

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Discretion lies with the Tribunal to admit additional evidence in the interest of justice

Posted: 27 Aug 2011 02:30 AM PDT

CIT vs Text Hundred India Pvt. Ltd(Delhi HC)- Rule 29 of the ITAT Rules - Additional evidence should be allowed to be submitted at the Tribunal to prove benefit received by receipt of management services by the Assessee. AO denied deduction of...

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Transfer Pricing- Comparables have to be compared on similar standards

Posted: 27 Aug 2011 01:58 AM PDT

Genisys Integrating System (India) Pvt. Ltd vs DCIT All the comparables have to be compared on similar standards and the assessee cannot be put in a dis-advantageous position, when in the case of other companies adjustments for under utilization...

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When assessee fails to declare the undisclosed income in block return, and the additions made by the AO based on the seized materials are sustained, penalty is warranted in such a case

Posted: 27 Aug 2011 01:52 AM PDT

Triumph International Finance I Ltd V. ACIT (ITAT Mumbai)- the undisclosed income determined in the case of the assessee is not as a result of disallowing any claim of the assesse because the same is not allowable as per the provisions of law but...

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TRO can sell the right, title and interest of the defaulter assessee and nothing more, If the said right, title and interest is hedged with the conditions or fetters, the sale will be made subject to the said condition/fetters

Posted: 26 Aug 2011 10:15 PM PDT

CIT Vs M/s Monoflex India Pvt Ltd (Delhi HC)- Whether when the property, which was auctioned by the TRO for recovery of tax, is a leased property to the defaulter under a perpetual lease agreement, the right in the said property can only be...

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ICSI – Last date for Annual Membership fee for the year 2011-12

Posted: 26 Aug 2011 09:36 PM PDT

The names of the member s who will not remit their annual member s hip fee for the year 2011-12 by the la s t extended date i.e. 31st August, 2011 will stand removed from the Register of members w.e.f. 1st September, 2011. They shall be required...

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Massive Death …Gifted By Speculators

Posted: 26 Aug 2011 09:25 PM PDT

It's a big day for Federal Reserve Chairman Ben S. Bernanke. In a much-anticipated speech in Jackson Hole, Wyoming the world expects that the US FED will come up with another round of QE3. The main hope of the world is that quantitative easing 3 Fed...

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Palash Biswas
Pl Read:
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