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Latest Supreme Court Verdicts

  1. Mangathai Ammal vs. Rajeswari (Supreme Court) It is required to be noted that the benami transaction came to be amended in the year 2016. As per Section 3 of the Benami Transaction (Prohibition) Act 1988, there was a presumption that the transact .....

  2. CIT vs. Gujarat Cypromet Ltd (Supreme Court) Expln. 3C has now in clear terms provided that such conversion of interest amount into loan shall not be deemed to be regarded as "actually paid" amount within the meaning of Section 43B. In view of c .....

  3. PCIT vs. Yes Bank Ltd (Supreme Court) The High Court did not frame any substantial question of law as is required to be framed under Section 260A of the Act though heard the appeal bipartite. In other words, the High Court did not dismiss .....

Latest High Court Verdicts

  1. Puneet Sharma vs. UOI (Delhi High Court) Considering the above provisions, guidelines, status of applications and on perusal of list of candidates in decreasing order of their experience, the interim Search-cum-Selection Committee decided to .....

  2. CIT vs. Alpha G. Corp Development Ltd (Delhi High Court) It is apparent from a reading of the facts in the appeal that the CIT(A) formed an opinion based upon diverse reasoning, having regard to the facts of each case, regarding the nature of expenditure an .....

  3. The Mavilayi Service Co-operative Bank Ltd vs. CIT (Kerala High Court) (Full Bench) In Chirakkal, the Divjsion Bench did not notice the earlier judgment in Perinthalmanna. After referring to the provisions under the Kerala Co-operative Societies Act and the Banking Regulation Actl 19 .....

Latest ITAT Verdicts

  1. Pooja Ajmani vs. ITO (ITAT Delhi) Documents submitted as evidences to prove the genuineness of transaction are themselves found to serve as smoke screen to cover up the true nature of the transactions in the facts and circumstances of .....

  2. Rashmi Metaliks Ltd vs. DCIT (ITAT Kolkata) It has to be kept in mind that the AO is empowered to collect materials behind the back of the assessee, however if he intends to use it adversely against the assessee, then it is incumbent upon him t .....

  3. Nice Bombay Transport (P) Ltd vs. ACIT (ITAT Delhi) Hon’ble Apex Court, therefore, while rejecting the theory of dominant purpose in making investment in shares-whether it was to acquire and retain controlling interest in the other company or to make .....

Latest Useful Information

  1. CBDT Circular Of Clarification Regarding Definition Of “Fund Manager” U/s 9A(4)(b) The CBDT has issued Circular No. 8 dated 10.05.2019 by which it has provided clarification regarding definition of "Fund Manager" under Section 9A(4)(b) of the Income-tax Act, 1961
    CBDT Order Appointing 164 Officers As Assistant Commissioner of Income Tax (ACIT) The CBDT has vide Office Order No. 114 of 2019 dated 16.05.2019 stated that the President has appointed several officers in the grade of Assistant Commissioner of Income Tax (ACIT) against the vacancy .....

  2. Transfers Of Hon’ble Members Of The ITAT (May 2019) Pursuant to an order dated 17th May 2019 issued by the President, four Accountant Members and two Judicial Members have been transferred in public interest with effect from 31st May 2019

    Latest Articles By Legal Luminaries

    1. CBDT Circular Of Clarification Regarding Definition Of “Fund Manager” U/s 9A(4)(b) The CBDT has issued Circular No. 8 dated 10.05.2019 by which it has provided clarification regarding definition of "Fund Manager" under Section 9A(4)(b) of the Income-tax Act, 1961
      CBDT Order Appointing 164 Officers As Assistant Commissioner of Income Tax (ACIT) The CBDT has vide Office Order No. 114 of 2019 dated 16.05.2019 stated that the President has appointed several officers in the grade of Assistant Commissioner of Income Tax (ACIT) against the vacancy .....

    2. Transfers Of Hon’ble Members Of The ITAT (May 2019) Pursuant to an order dated 17th May 2019 issued by the President, four Accountant Members and two Judicial Members have been transferred in public interest with effect from 31st May 2019

      Latest Blog Posts

      1. CBDT Should Set Its Own House In Order Before Alleging That The ITAT’s Order Are “Perverse” Dr. K. Shivaram, Sr Advocate, has taken strong exception to the move of the CBDT to set up a committee to examine “perverse orders” of the ITAT. He argues that such a move is not justified .....

      2. How Can Young Professionals Become Successful In Practice? Top Lawyers Reveal Secrets Leading lawyers like Rafique Dada, Janak Dwarkasdas, Aspi Chinoy and Dr. K. Shivaram have explained the steps that young professionals should take to help them get recognition amongst the fellow profe .....

      3. How To Improve India’s Legal System? Professionals Must Offer Suggestions To Chief Justice Ranjan Gogoi Dr. K. Shivaram, Senior Advocate, has sent the clarion call to all professionals to put on their thinking caps and offer suggestions to the Hon'ble Chief Justice of India on how to improve the Country .....

      Latest Forum Discussions

      1. Violation of Judicial Discipline in ITAT Recently the undersigned has read two judgments in the case of ULO India, one is in ITA No-5968 of 2010 and one in ITA No 5279 of 2013. Both are of same assessee. In former decision, .....

      2. Interview calls for the post of members of ITAT On 6th July 2018, the Ministry of law and Justice issued a Notification, by virtue of which it has invited applications from professionals for the post of ITAT Members. As per this Notification the me .....

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