Court to hear arguments on charges against Burman on Jul 24

A Delhi court has fixed July 24 for hearing arguments on framing of charges in an alleged tax evasion case against Pradip Burman, one of the Dabur India promoters whose name has cropped up in the list given by the Centre to the Supreme Court on the black money issue. Additional Chief Metropolitan Magistrate Devendra […]

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Tax evation hits infrastructure development, says court

A Delhi court has upheld a two-year jail term given to a tax evader, saying tax avoidance reduced funds needed for the country’s infrastructure development. Additional Session Judge S.S. Rathi made the observation Wednesday while upholding a magistrate court’s order that had awarded rigorous imprisonment of two years and fine of Rs.1 lakh to businessman […]

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Most of the services to come under tax net from tomorrow

Services to come under tax net from tomorrow All services will come under tax net from tomorrow on except those which are in the negative list with the implementation of the new service tax regime. With the exception of 38 services, which figure in the negative list, all other activities would attract 12% tax. The […]

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Court asks Tata Sky, others to pay tax to Gujarat

The Gujarat High Court has asked TataSky and other direct-to-home (DTH) satellite TV service providers to deposit entertainment tax for July-September 2010 quarter with the state government. In the directions made available Monday, the bench comprising Chief Justice S.J. Mukhopadhaya and Justice Akil Kureshi directed TataSky Limited, Dish TV India Limited, Bharat Business Channel Limited […]

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Mahesh Bhupathi’s plea on tax relief dismissed

The Supreme Court on Monday dismissed a petition by Indian tennis ace Mahesh Bhupathi seeking tax relief on Rs.28,50,000 which he said his father spent on his training from 1989-90 to 1993-94. Mahesh said that, as per the memorandum of understanding between him and his father C.G.K. Bhupathi, he has to pay annual installments of […]

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Tax sleuths conduct search operations on Games contractors

Officials of the Income Tax Department on Tuesday started search and investigative operations in at least 25 premises of companies and individuals who won lucrative contracts for the just-concluded Commonwealth Games.  Among those whose premises were visited by the tax sleuths was senior leader of the opposition Bharatiya Janata Party (BJP) Sudhanshu Mittal, whose close […]

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