| Koda fails to appear before ED in Ranchi | 20-NOV-09 |
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| Former Jharkhand Chief Minister Madhu Koda, facing money laundering and corruption charges, today failed to appear before the Enforcement Directorate citing reasons of election campaigning in interior areas of the state. |
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| Higher collection of direct taxes in NWR | 18-NOV-09 |
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| The North West Region of the Income Tax Department comprising Jammu and Kashmir, Himachal Perdesh, Punjab, Haryana and the Union Territory of Chandigarh has registered 13.7 growth in collection of direct taxes till 16 November, 2009 as compared to the corresponding period last year. |
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| Koda effect: Union Bank CMD summoned by I-T | 13-NOV-09 |
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| The Income Tax (I-T) department will on Monday question the Union Bank of India Chairman and Managing Director (CMD) why the bank did not do the due diligence while accepting deposits of more than Rs 991 crore from an alleged frontman of former Jharkhand Chief Minister Madhu Koda. |
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| I-T resumes questioning Koda | 10-NOV-09 |
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| Income Tax officials today resumed questioning former Jharkhand chief minister Madhu Koda, who is facing charges of money laundering and illegal investments, at his residence here. |
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| Koda discharged; says he is 'innocent' | 08-NOV-09 |
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| Former Jharkhand Chief Minister Madhu Koda was today discharged from a city hospital and claimed he was "innocent" and was not involved in the Rs 2,000 crore hawala scam even as Income Tax officials prepared to question him in connection with the case. |
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| Koda aides fail to show up as I-T deadline ends | 06-NOV-09 |
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| The deadline set by the Income Tax (I-T) Department to record the statements of at least six associates of former Jharkhand Chief Minister Madhu Koda today expired without them appearing. |
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| M J Antony: Quick-fix solution | 04-NOV-09 |
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| Two judgments of the Supreme Court delivered in recent weeks are significant as they highlight the problem of long delays in cases involving intellectual property rights and the quick-fix solution suggested by the court. It is well known that disputes over trademarks, patents and designs drag on for years. After the initial bout over interim injunctions, the parties sulk indefinitely, as the main relief has been granted by the interim order itself. |
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| Koda not cooperative, says I-T DG | 03-NOV-09 |
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| As raids continued in the premises of former Jharkhand chief minister Madhu Koda for the fourth day today, a top income tax official alleged non-cooperation by him resulting in delay in the conclusion of investigation into alleged huge 'hawala transactions' and 'illegal investments'. |
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| I-T Dept slaps notice on Vodafone | 31-OCT-09 |
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| In the 531-page notice sent under Section 201(1) and 201(1A) of the IT Act, 1961, it asked Vodafone to explain why it should not be held that “the tax department has competent jurisdiction to proceed against it for the default of non-deduction of tax at source” in the transaction. |
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| Is transfer of computer software taxable in India | 19-OCT-09 |
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| There is an ongoing debate if the sale/transfer of computer software attracts Income Tax in India or not. Accordingly, where foreign company transfers computer software to an Indian company from outside India, a question arises as to whether the Indian company is liable to deduct tax at source while making remittance from India. The problem is complex because the software is generally embedded with intellectual property rights. In other words, the acquirer of the software usually also gets along with the software a licence to use the same. |
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| GSPC gets relief from HC in tax plea | 17-OCT-09 |
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| The Gujarat High Court has granted interim relief to state-owned Gujarat State Petroleum Corporation (GSPC) in a petition filed by the company challenging the constitutional validity of an amendment to the Income Tax Act in the Finance Act, 2009 (giving effect to the Union Budget). |
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