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Latest Supreme Court Verdicts

  1. Snowtex Investment Limited vs. PCIT (Supreme Court) The amendment which was brought by Parliament to the Explanation to Section 73 by the Finance (No 2) Act 2014 was with effect from 1 April 2015. In its legislative wisdom, the Parliament amended Secti .....

  2. Bharat Heavy Electricals Ltd vs. Mahendra Prasad Jakhmola (Supreme Court) There can be no doubt that admission of a party is a relevant material. But can the statement made by the learned counsel of a party across the Bar be treated as admission of the party? Having regard .....

  3. 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 .....

Latest High Court Verdicts

  1. PCIT vs. State Bank Of India (Bombay High Court) The very purpose of insertion of sub-section (9) of section 40A thus was to restrict the claim of expenditure by the employers towards contribution to funds, trust, association of persons etc. which w .....

  2. PCIT vs. Piramal Glass Limited (Bombay High Court) The legislature thus did not intend to provide for depreciation only in respect of the specified intangible assets but also to other categories of intangible assets which may not be possible to exhaus .....

  3. CIT vs. Reliance Infocomm Ltd (Bombay High Court) India’s change in position to the OECD Commentary cannot be a fact that influences the interpretation of the words defining royalty as they stand today. The only manner in which such change in posit .....

Latest ITAT Verdicts

  1. Deepak Nagar vs. DCIT (ITAT Delhi) These facts clearly demonstrate that the assessee is a habitual investor and being a qualified professional [Chartered Accountant], is well aware of market trends of shares in the stock market. The en .....

  2. Radhika Roy / Prannoy Roy vs. DCIT (ITAT Delhi) Where an individual or after 1 st day of October 2009, receives any property other than immovable property for a consideration, which is less than the aggregate fair market value of the property by an .....

  3. Time Media & Entertainment LLP vs. ITO (ITAT Mumbai) It came to notice of the Revenue that in FY 2009-10 many brokers had misused this facility of client code modifications to artificially create profits/losses which were passed on various clients/ bene .....

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  1. CBDT Chief Slams Dept For Lackadaisical Attitude Towards Redressing Taxpayers’ Grievances Hon’ble PC Mody, the Chairman of the CBDT, has taken a stern view regarding the lackadaisical attitude of the department in the matter of addressing grievances of the taxpayers. He has pointed out t .....

  2. Income-tax Department Invites Applications For Empanelment Of Advocates As Standing Counsel The Income-tax Department, Pune is proposing to empanel eligible advocates for the post of Senior Standing Counsel and Junior Standing Counsel to represent Income Tax Department in respect of appeals/ .....

  3. Respectful Homage to Dr. N. M. Ranka, Sr. Advocate & President, AIFTP (2000-02) Eminent personalities have paid their heart-felt tribute and homage to Dr. N. M. Ranka, Sr. Advocate and President, AIFTP. They have recalled the stellar contribution of the field of law and taxation .....

Latest Articles By Legal Luminaries

  1. CBDT Chief Slams Dept For Lackadaisical Attitude Towards Redressing Taxpayers’ Grievances Hon’ble PC Mody, the Chairman of the CBDT, has taken a stern view regarding the lackadaisical attitude of the department in the matter of addressing grievances of the taxpayers. He has pointed out t .....

  2. Income-tax Department Invites Applications For Empanelment Of Advocates As Standing Counsel The Income-tax Department, Pune is proposing to empanel eligible advocates for the post of Senior Standing Counsel and Junior Standing Counsel to represent Income Tax Department in respect of appeals/ .....

  3. Respectful Homage to Dr. N. M. Ranka, Sr. Advocate & President, AIFTP (2000-02) Eminent personalities have paid their heart-felt tribute and homage to Dr. N. M. Ranka, Sr. Advocate and President, AIFTP. They have recalled the stellar contribution of the field of law and taxation .....

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  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 .....

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