How does investment in ULIP work?
I-T – assessee claims foreign travel expenses of directors – Held, since no evidence is furnished to substantiate claim, deduction not available (See ‘2010-TIOL-27-ITAT-MUM’) PM inaugurates IInd phase of Science city at Kolkata (See ‘Mixed Buzz’) ST- Advertising Service – refund – service by appellants is only booking of space or time and is taxable under BAS, but not under Advertising Agency service ( See’2010-TIOL-99-CESTAT-AHM’) Centre takes serious note of price rise issue: PM to meet CMs on January 27 Shillong Customs (Preventive) destroys illicit ganja cultivation worth Rs five Crore in 50 bighas of land in Assam Income tax – Sec 80IA – loading of software on blank disc from master media amounts to ‘manufacture’ – assessee is entitled to deduction: Supreme Court (See ‘Breaking News’ + ‘2010-TIOL-04-SC-IT’) Power Sector long-term outlook: Its India’s untapped gold mine (See ‘Breaking News’) ST – Cargo handling Service – If someone hires labour for loading/unloading of goods in ind
