No unexplained investment if construction cost was determined as per State PWD rates and not Central

IT: Where assessee computed cost of construction of building on basis of rate fixed by State PWD, in absence of any circular or notification indicating that Central PWD rate alone was to be adopted in arriving at cost of construction, Assessing Officer was not justified in making addition under section 69 to assessee's income by adopting rates fixed by central PWD in respect of building in question

State Govt. Co. providing long-term finance for industrial projects would be eligible to benefits of

IT: A State Government company providing long-term finance for industrial projects would fall within meaning of 'State Industrial Investment Corporation' under section 43D

HC denies to condone delay due to death of counsel as assessee delayed to appeal by 4 years after de

IT : Death of counsel before matter was heard could not be a sufficient reason for delay of another 4 years in challenging an ex parte order of Tribunal

No concealment penalty if AO had disallowed claim of assessee after taking a different view of evide

IT: Where Assessing Officer rejected assessee's claim for deduction of commission paid to selling agents taking a different view of evidence on record, he was not justified in passing penalty order under section 271(1)(c) for raising a false claim of deduction

'Ford India doesn't have a dominant position in SUVs Market, says CCI

Competition Act: 'Ford India doesn't have a dominant position in SUVs Market

Hiring and renting of cab aren't distinguishable; ST is leviable irrespective of who enjoys control

Service Tax : Renting of cabs is liable to service tax irrespective of whether control over vehicle is of service provider or of service recipient and irrespective of whether it is 'hiring' of cabs or 'renting' of cabs; therefore, supplying vehicles for transportation of papers/answer sheets, examiners, staff etc. on distance travelled basis also amounts to rent-a-cab services