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| Specialist- Management Information Planning Analysis | |
| India | |
| The aim of the Shell Business Service Centre, Chennai is to provide the Group with operational excellence through highlighting and utilizing process improvements and functional efficiencies as well as by leveraging economies of scale. Currently, the Chennai centre provides a wide range of finance, accounting and business services to Shell operating companies across several |
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| GE Global Growth Organization | |
| Global Growth Organization - GE India | |
| GE
(NYSE: GE) works on things that matter. The best people |
| (a) | The assessee filed his return of income after including losses from house property located abroad. He purchased this property in Australia which was already on rent. He obtained a loan from ANZ Bank, Australia ('ANZ') to purchase the property. | |
| (b) | The loss was computed under the head house property due to payment of interest to ANZ. | |
| (c) | During appellate proceedings, the CIT(A) referred to the decision of Apex Court in case of CIT v. PVAL Kulandagan Chettiar [2004] 137 Taxman 460 (SC) and held that as far as rent income from Australia was concerned, the assessee was required to file the return in Australia and such income could not be included in Indian income. Therefore, negative income could not be assessed in India. |
| (1) | In view of Section 5 of the Income-tax Act ('the Act') in case of a resident, income accruing or arising outside India had to be assessed in India. The Sec 90(2) of the Act clearly provides that wherever DTAA is applicable to assessee he has an option to apply either Indian Tax Laws or provisions of DTAA, whichever are more beneficial to him. | |
| (2) | Therefore, the assessee had an option to file return of income under the Indian tax laws where DTAA was applicable. | |
| (3) | In the instant case, the assessee had exercised the option of filing return under Indian laws, thus, the same could not have been refused simply because DTAA was applicable. | |
| (4) | The decision in case of PVAL Kulandagan Chettiar (supra) was distinguishable because in that case the assessee was a resident of India and Malaysia. It was due to financial connection of the assessee with Malaysian property it was held that income from Malaysian rubber plantation was taxable only in Malaysia. | |
| (5) | The assessee had right to file the return of global income in India and the Revenue was bound to give effect to such return. The CIT(A) was not correct in holding that income from house property in Australia was not assessable in India. Accordingly, the order of the CIT(A) was to be set aside and the Assessing officer was to be directed to include the loss from such house property in the hands of the assessee. |
CIB Operations Control Manager - VP - Dublin, Ireland-140036950
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| 1933875 | |
| GE Global Growth & Operations | |
| Global Growth & Operations - GE India | |
| GE
(NYSE: GE) works on things that matter. The best people and the best
technologies taking on |
| MCA Directs Regional Directors to Initiate Inquiry Against Those Practicing Professionals Who Certified the Particulars Furnished by Listed Companies |
| The Ministry of Corporate Affairs has directed its Regional Directors to initiate inquiry against those practicing professionals who had certified 12 cases of wrong e-filing by certain listed companies in their e-forms. During the examination it was found that the data furnished in the e-forms were totally |
| Requirement | Principal Consultant - MC-gTransformation - 4206/[2013] | ||
| Location | |||
| Openings | 3 | Experience | 10.00 to 13.00 years |
| Education | NA | ||
| Skills | i) Candidates with 11+ yrs exp having mandatory expertise in / Indian / International government projects (a) Government Reforms, (b) National/ State Level Policy Making and (c) Planning and expertise on at least two of the following domains: Energy/power/infrastructure/panchayat and rural dev/urban utilities, mining, social sector. Possess: BE/B.Tech & MBA from top 15 Engg & MBA institutes, Age: Maximum 50 Years ii)Consultants with 10+ yrs exp in IT//ITeS consulting and implementation who has executed minimum 3 assignment. BE/B.Tech | ||
| Requirement | Manager - Risk Advisory Services - 3083/[2013] | ||
| Location | |||
| Openings | 1 | Experience | 7.00 to 8.00 years |
| Education | NA | ||
| Skills | People Management Presentation skills Internal Auditing Skills, Good understanding of Risk and Controls | ||
