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Latest Supreme Court Verdicts

  1. Maruti Suzuki India Ltd vs. CIT (Supreme Court) Deductions under Section 43B is allowable only when sum is actually paid by the assessee. In the present case, the Excise Duty leviable on appellant on manufacture of vehicles was already adjusted in .....

  2. NRA Iron & Steel Pvt. Ltd vs. PCIT (Supreme Court) (Review Petition) We have gone through the contents in the Review Petition and do not find any substance in the submissions raised therein. Consequently, this Review Petition is dismissed
  3. Administrator vs. Swarn Theater (Supreme Court) This is one more case which we have defined as "Certificate Cases" - the object being only to obtain dismissal from the Supreme Court. We have perused the application for condonation of delay also. Th .....

Latest High Court Verdicts

  1. Ivan Singh vs. ACIT (Bombay High Court) (Goa Bench) The crucial phrase in Section 68 of the IT Act, which provides that the sum so credited in the books and which is not sufficiently explained, may be charged to the income tax as income of the assessee .....

  2. Experion Developers Pvt Ltd vs. ACIT (Delhi High Court) Whilst it is the settled position in law that the sanctioning authority is required to apply his mind and the grant of approval must not be made in a mechanical manner, however, as noted by the Divisi .....

  3. Cavalier Trading Pvt Ltd vs. DCIT (Bombay High Court) In the instant case, what we notice is that not only was there no mistake apparent from the record but in the garb of the Misc. Application, petitioner had sought for review of the final order passed .....

Latest ITAT Verdicts

  1. Shri Dhar Sabha Vaishno Devi vs. CIT(E) (ITAT Amritsar) (Third Member) In the instant case, the Ld. CIT(E) denied the registration by observing that the head of the society is restricted to be from Shree Dhar Vansh and no other member of the Sabha will have any right to .....

  2. Carestream Health Inc vs. DCIT (ITAT Mumbai) The ld DR vehemently argued that the percentage of shareholding remains the same because reduction of shares had happened for all shareholders. We find that the ld DR relied on para 24 of the judgemen .....

  3. Celltick Technologies Ltd vs. DCIT (ITAT Mumbai) The Indian subsidiary of the assessee had for A.Y. 2015-16 to A.Y 2019-20 entered into an "APA‟ with the CBDT. As is discernible from the "APA‟, the functions of the subsidiary company inter alia .....

Latest Useful Information

  1. Tax Professionals Strongly Oppose The New Rules For Appointment Of Members Of The ITAT Leading legal experts like Justice R. V. Easwar (Retd), Shri Arvind Datar and others have expressed strong reservations with regard to the new rules formulated by the .....

  2. Download Official Amendments To The Direct Tax Vivad Se Vishwas Bill, 2020 The CBDT has released the official amendments to the Direct Tax Vivad se Vishwas Bill, 2020, a copy of which is available for download
    CBDT Cracks Whip. Warns PCsIT Their Future Prospects Depend On Success Of ‘Vivad Se Vishwas Scheme’ The CBDT has sent a clear message to the Principal Commissioners and their subordinates that the "Vivad se Vishw .....

Latest Articles By Legal Luminaries

  1. Tax Professionals Strongly Oppose The New Rules For Appointment Of Members Of The ITAT Leading legal experts like Justice R. V. Easwar (Retd), Shri Arvind Datar and others have expressed strong reservations with regard to the new rules formulated by the .....

  2. Download Official Amendments To The Direct Tax Vivad Se Vishwas Bill, 2020 The CBDT has released the official amendments to the Direct Tax Vivad se Vishwas Bill, 2020, a copy of which is available for download
    CBDT Cracks Whip. Warns PCsIT Their Future Prospects Depend On Success Of ‘Vivad Se Vishwas Scheme’ The CBDT has sent a clear message to the Principal Commissioners and their subordinates that the "Vivad se Vishw .....

Latest Blog Posts

  1. The Finance Bill 2020: Nani Palkhivala Rightly Called The Income-tax Act “A National Disgrace” Dr. K. Shivaram, Senior Advocate, has pointed out that the lament by Nani Palkhivala several decades ago regarding the 'maddening instability' of the Income-tax Act and it being a "natio .....

  2. Finance Bill 2020 – Suggestions Of Tax Consultants – Reform In Tax Law And Tax Administration – Ease Of Doing Business Dr. K. Shivaram, Senior Advocate, has offered several valuable suggestions on what reforms in tax laws and tax administration have to be implemented so as to achieve the noble objective of improving t .....

  3. A Bold Reform In The History Of Taxation Dr. K. Shivaram, Senior Advocate, has stated that the step to cut corporate tax is a much needed bold reform-tax. He has pointed out that professionals have wholeheartedly appreciated the sincere effo .....

Latest Forum Discussions

  1. Re: Loss on sale of pledged shares
  2. Section 115BAC Option of New Tax to Employee and TDS by Employer After the introduction of new section 115BAC on the new taxation regime for Individuals, there is confusion on whether the employer should deduct the income tax from the salary income as per the old r .....