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Latest Supreme Court Verdicts

  1. Joshi Technologies International Inc vs. UOI (Supreme Court) First and foremost aspect which has to be kept in mind while answering this issue is that the Income Tax Authorities while making assessment of income of any assessee have to apply the provisions of t .....

  2. CIT vs. Sarkar Builders (Supreme Court) Can it be said that in order to avail the benefit in the assessment years after 1.4.2005, balconies should be removed though these were permitted earlier? Holding so would lead to absurd results as on .....

  3. Seshasayee Paper & Boards Ltd vs. CIT (Supreme Court) Once the unabsorbed carried forward depreciation has become a part of the depreciation of the current year, it is not open to the assessee to bifurcate the two again and exercising its choice to claim .....

Latest High Court Verdicts

  1. CIT vs. Usha Saboo (P&H High Court) It is difficult to understand how the mere fact that the parties have not apportioned the consideration between the two assets which were being dealt with by this agreement can make any difference to .....

  2. CIT vs. M. M. Aqua Technologies Ltd (Delhi High Court) In view of the Explanation 3C appended to Section 43B with retrospective effect from 01.04.1989, conversion of interest amount into loan would not be deemed to be regarded as actually paid amount with .....

  3. Pepsi Foods Pvt. Ltd vs. ACIT (Delhi High Court) While it could be argued that the condition that the stay order could be extended beyond a period of 180 days only if the delay in disposing of the appeal was not attributable to the assessee was a re .....

Latest ITAT Verdicts

  1. Mundra Woolen Mills (P) Ltd vs. ACIT (ITAT Delhi) It shall be noteworthy that till 28-4-15 these professionals had no objection with the bench as no grievance whatsoever was raised. The casual way of adjournment against final chance shows their casua .....

  2. Ballabh Das Agarwal vs. ITO (ITAT Kolkata) The second proviso to section 40(a)(ia) of the Act inserted by the Finance Act, 2012 is curative in nature and intended to supply an obvious omission, take care of an unintended consequence and make t .....

  3. Aspect Software Inc vs. ADIT (ITAT Delhi) There was no transfer of any right in respect of copyright by the assessee and it was a case of mere transfer of a copyrighted article. The payment is for a copyrighted article and represents the purc .....

Latest Useful Information

  1. Acche Din! No More Tears For Taxpayers. No More Bogus & High Pitched Assessments: Arun Jaitley, FM, To Dept Top Brass At the 31st Annual Conference of Principal Chief Commissioners etc, Hon’ble Shri Arun Jaitley, Union Finance Minister, sent the clear-cut CBDT’s Draft Outline Of New Transfer Pricing Regime For Computation of Arm’s Length Price The CBDT has issued a press release dated 21.05.2015 stating that the Finance (No. 2) Act, 2014 had amended the provision of Income-tax Act relating to transfer pricing regime. The purpose of amendmen .....

  2. CBDT Circular Regarding TDS From Income Of Organisations Exempt From Tax The CBDT has issued Circular No. 07 dated 23.04.2015 stating that the CBDT has decided that since corporations covered under Section 10(26888) satisfy the two conditions of Circular No. 4/2002 i.e. un .....

Latest Articles By Legal Luminaries

  1. Heads you Quote PAN: Tails you obtain a PAN!!!!! In the light of the judgement of the ITAT Pune in “Merilyn” – A Ship That Neither Sinks Nor Reaches It’s Shore The author expresses dismay over the fact that though a Special Bench was constituted to resolve an important controversy, the controversy is far from over. Worse, there appears to be no quick resolut .....

  2. The Entire Law On Taxation of Undisclosed Foreign Income and Assets The Entire Law On Taxation of Undisclosed Foreign Income and Assets CA P. N. Shah The author, an eminent Chartered Accountant, has meticulously analyzed the provisions of The Undisclosed Foreign Incom .....

Latest Blog Posts

  1. Non-Appointment Of ITAT Vice-Presidents Is Disturbing And Will Hinder Motive Of ‘Sulabh Nyay’ (Easy Justice) The author has raised the alarm that appointing the President and Members for the ITAT is not sufficient. He reminds the Government that it also needs to urgently appoint several Vice Presidents to fi .....

  2. Respected ITAT, We Solemnly Pledge To Restore Your Past Glory And Prestige The author, an eminent senior advocate, is deeply anguished that the ITAT, which was at one time hailed as a “Model Tribunal”, is today facing the ignominy of being subjected to repeated .....

  3. Dear NAMO Sir, Thanks For Acche Din But What About Corruption In I. T. Dept? The author, an eminent senior Advocate, points out that while the goal of the Hon’ble Prime Minister to bring ‘Acche Din’ for the common man is laudatory, the same will not be fulfilled unless d .....

Latest Forum Discussions

  1. sec.56(2)(vii) the department  is issuing spate of letters/notices  to purchasers of properties , where the consideration paid is less than  market value/guide line value. Whether  the said sec. .....

  2. Re: capital gains what is relevant is utilisation of sale proceeds of the transferred house. once  the funds are ploughed back either by payment to a builder or own construction ,the exemption is justifiable.

Latest Digest Of Important Case Laws

The Digest is prepered by our editorial team by scanning several journals such as BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Income Tax Review, SOT, Taxman, Taxation, TLR, TTJ, BCAJ, ACAJ, etc.

Latest Constitution Of ITAT Benches And Cause Lists

This is the scanned version of the printed Board, signed by the Assistant Registrar, and so it is as reliable as it can get.


ITAT Bar Association,
C/o Income Tax Appellate Tribunal,
Old CGO Building, 4th Floor, Room No. 445 (Library), Maharashi Karve Road, Mumbai 400 020. Tel: (022) 2205 5138, Fax: (022) 2203 6119, E Mail: itatbarassociation@vsnl.com.

Office Bearers for the year 2015-16: President: Shri. Subash Shetty; Vice Presidents: Smt. Arati Vissanji, Shri. P. J. Pardiwalla; Imm. Past President: Shri. Arun P. Sathe; Hon. Secretaries: Shri Haresh P. Shah & Shri. Nitesh Joshi; Hon. Treasurer: Shri Satish Modi. Advisors: Shri. Arvind H. Dalal, Shri. Y. P. Trivedi, Shri. S. E. Dastur & Dr. K. Shivaram

Credit: We thank AIFTP for generously allowing us to host a lot of their research material.

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