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| Earth is minor minerals |
16-NOV-09 |
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The Supreme Court (SC) last week dismissed the appeals of Som Datt Builders Ltd against the Allahabad high court judgement raising the question if ‘ordinary earth’ used for filling or levelling in construction of embankments, roads, Railways and building are ‘minor minerals’ inviting royalty. |
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| Double taxation of computer software yet to be redressed |
16-NOV-09 |
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Budget 2009 contained important proposals in regard to exempting packaged software from customs duty, on importation, and on excise duty, with regard to domestic supplies, to the extent that such software is purportedly chargeable to the service tax. |
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| Vodafone tax saga (re)surfaces |
09-NOV-09 |
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Early last week, the Mumbai revenue department issued show cause notices to Vodafone, proposing to tax offshore transaction, as a result of which Vodafone acquired a controlling interest in GSM licences from Hutch. |
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| Arbitrator's award restored |
26-OCT-09 |
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The Supreme Court last week set aside the judgement of the Rajasthan high court and restored the award of the arbitrator in the case, Indian Hume Pipe Co Ltd vs State of Rajasthan. |
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| Stock market regulator takes a step forward |
26-OCT-09 |
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As the primary market regulator Securities and Exchange Board of India (SEBI) has realised the need to not only lay down broadbased framework and regulations, but also actually go into the next level of detail in creating an architecture for monitoring and clarificatory mechanisms. |
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Content Guide
