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Latest Supreme Court Verdicts

  1. CIT vs. Hissaria Brothers (Supreme Court) penalty proceedings for default in not having transactions through the bank as required under Sections 269SS and 269T are not related to the assessment proceeding but are independent of it, therefore, .....

  2. CIT vs. Karnataka Planters Coffee Curing Work (P) Ltd (Supreme Court) Both the Assessing Officer and the C.I.T. had recorded findings of fact adverse to the Assessee which has been upheld by the learned single judge of the High Court. The Division Bench of the High Cour .....

  3. Rayala Corporation Pvt. Ltd vs. ACIT (Supreme Court) The issue involved in these appeals is no more res integra as this Court has decided in the case of deals

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    Latest High Court Verdicts

    1. S. Baskar Mathuram vs. The State of Tamil Nadu (Madras High Court) Often times, we have been noticing that the Print and Electronic Media is carrying on publication of the names of legal practitioners as well as the names of the Judges of the High Court concerned, wh .....

    2. CIT vs. Vinergy International Pvt. Ltd (Bombay High Court) The loss was not on account of derivatives but are in fact losses and gains in foreign exchange relating to the purchase and sales transactions i.e. creditors and debtors outstanding as on 31st March, .....

    3. United Breweries Limited vs. DCIT (Karnataka High Court) The question arose whether s. 14A applies to a case where the motive of the assessee is to acquire controlling interest in a company and not to earn dividends. The Tribunal followed the judgement of t .....

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    Latest ITAT Verdicts

    1. Tally Solutions Pvt. Ltd vs. ACIT (ITAT Bangalore) Extending credit period for realization of sales to the AE is a closely linked transaction with the transaction of providing services to the AE and therefore cannot be treated as an individual and sep .....

    2. Hyundai Rotem Company vs. ACIT (ITAT Delhi) Without any proper reason or change in the functionality and financial data, it cannot be held that these companies are to be excluded/included (as prayed for herein above), in the intermediary period .....

    3. Rajeev B. Shah vs. ITO (ITAT Mumbai) It is a fact that the assessee has invested this amount of Rs.18,60,000/- in purchase of residential house within the stipulated period prescribed u/s 54F of the Act. But, it is not in the assessee’ .....

    Latest Useful Information

    1. Bombay High Court’s Tax Bench Constitution w.e.f 22.08.2016 The Constitution of the Bombay High Court's Tax Bench w.e.f 22.08.2016 is as follows
      Transfers Of Hon’ble Members Of The ITAT (August 2016) Vide order dated 19.08.2016 passed by the Hon'ble President pursuant to the consultations with the Collegium of Income Tax Appellate Tribunal consisting of the President and two senior most Vice Pre .....

    2. CBDT Order Of Promotion Of IRS Officers To Post Of Joint Commissioners Of Income-tax The CBDT has issued an order no. 149 of 2016 dated 22nd August 2016 stating that the President has promoted several officers of Indian Revenue Service to officiate on regular basis in the grade of Joi .....

    Latest Articles By Legal Luminaries

    1. Bombay High Court’s Tax Bench Constitution w.e.f 22.08.2016 The Constitution of the Bombay High Court's Tax Bench w.e.f 22.08.2016 is as follows
      Transfers Of Hon’ble Members Of The ITAT (August 2016) Vide order dated 19.08.2016 passed by the Hon'ble President pursuant to the consultations with the Collegium of Income Tax Appellate Tribunal consisting of the President and two senior most Vice Pre .....

    2. CBDT Order Of Promotion Of IRS Officers To Post Of Joint Commissioners Of Income-tax The CBDT has issued an order no. 149 of 2016 dated 22nd August 2016 stating that the President has promoted several officers of Indian Revenue Service to officiate on regular basis in the grade of Joi .....

    Latest Blog Posts

    1. Dear Income-Tax Dept, Please Inform Us Of The Remedial Measures Taken By You Pursuant To Directives And Strictures From Courts Dr. K. Shivaram, Senior Advocate, points out that while Courts are dutifully issuing directions and strictures with the sincere objective of putting the income-tax department on the right path, there .....

    2. Dear NAMO, Walk The Talk – Here Are 20+ Steps To Deliver Tax Nirvana To Citizens And Foreign Investors Prime Minister Narendra Modi and Finance Minister Arun Jaitley spare no opportunity to talk about how to intend to usher in a "transparent, stable and predictable" tax regime. However, there .....

    3. Good Riddance To The Judges Appointment Act But How To Prevent Skulduggery In Appointment Of Judges? The author, an eminent senior advocate, compliments the Supreme Court for having struck down the National Judicial Appointments Commission Act. He warns that the Act would have, if upheld, grossly und .....

    Latest Forum Discussions

    1. Multiple Assessement My client had received Time Barred Order u/s. 153 and an appeal is preferred which is pending disposal by concerned CIT (A). Surprisingly my client again received notice for reassessment proceedings f .....

    2. s.69C. bogus purchase Guj H C. TA 265/08. Dt.1/8/16. Vardhman exports.

      Held, If no cash is received back and purchase in stock register is backed by corresponding sales with payment through bank, no addition for .....

    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. Subhash S. 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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