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Latest Supreme Court Verdicts

  1. G. S. Homes & Hotels P. Ltd vs. CIT (Supreme Court) The Karnataka High Court held, following Shree Nirmal Commercial vs. CIT 193 ITR 694 (Bom) and 213 ITR 361 (FB), that share capital and refundable deposits received by a housing company from its share .....

  2. Amin Merchant vs. Chairman CBEC (Supreme Court) The whole thrust of the appellant is that the proposals of the Finance Minister were duly approved by the Parliament. No doubt, the appellant has placed before this Court the proposals of the Finance .....

  3. Babita Lila vs. UOI (Supreme Court) The Parliament has unmistakably designated the Deputy Commissioner (Appeals) to be the appellate forum from the orders as enumerated under Section 246(1) of the Act. This however, in our view, as obse .....

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Latest High Court Verdicts

  1. Humayun Suleman Merchant vs. CCIT (Bombay High Court) The sale of capital asset took place on 29th April, 1995 for a consideration of Rs.85.33 lakhs. The agreement for purchase of construction of flat for consideration of Rs.69.90 lakhs was entered into .....

  2. CIT vs. Micro Instruments Company (P&H High Court) An assessee must fulfill each of the conditions stipulated in Section 80-IB in each of the years in which the deduction thereunder is sought. The Assessing Officer would be entitled to ascertain in ea .....

  3. Kottakkal Wood Complex vs. DCIT (Kerala High Court) Whatever statement is recorded under Section 133A of the Income-tax Act it is not given any evidentiary value obviously for the reason that the officer is not authorised to administer oath and to take .....

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Latest ITAT Verdicts

  1. Lands End Co-operative Housing Society Ltd vs. ITO (ITAT Mumbai) The Supreme Court in the case of Totagar’s Co-operative Sale Society Ltd held that a society has surplus funds which are invested in short term deposits where the society is engaged in the business .....

  2. ACIT vs. M/s. Majmudar & Co (ITAT Mumbai) The assessee has, by use of the legal database compiled by it over a period of more than 60 years (firm is in practice of law since 1943), earned reasonable amount of valuable foreign exchange for our .....

  3. Sara Lee TTK Ltd vs. DCIT (ITAT Mumbai) The RBI approval/FIPB approval is not determinative of ALP and cannot be considered to be a valid CUP. Automatic route under which FIPB approvals or RBI approvals are granted have been devised for the .....

Latest Useful Information

  1. Transfers Of Hon’ble Members Of The ITAT (September 2016) Vide order dated 16.09.2016 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 Instruction Reg S. 143(2) Notices In Limited CASS Scrutiny Assessments The CBDT has issued Instruction No. 3 dated 16.09.2016 in which it has set out the procedure to adopted by Assessing Officers for generation of notices under section 143(2) of the Income-tax Act, 1961 .....

  3. CBDT Instruction Clarifies Imp Law On The Income Declaration Scheme, 2016 The CBDT has issued Instruction No. 8 of 2016 dated 15th September 2016 in which it has clarified as to whether a declaration under The Income Declaration Scheme, 2016 can be filed for an assessment y .....

Latest Articles By Legal Luminaries

  1. Transfers Of Hon’ble Members Of The ITAT (September 2016) Vide order dated 16.09.2016 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 Instruction Reg S. 143(2) Notices In Limited CASS Scrutiny Assessments The CBDT has issued Instruction No. 3 dated 16.09.2016 in which it has set out the procedure to adopted by Assessing Officers for generation of notices under section 143(2) of the Income-tax Act, 1961 .....

  3. CBDT Instruction Clarifies Imp Law On The Income Declaration Scheme, 2016 The CBDT has issued Instruction No. 8 of 2016 dated 15th September 2016 in which it has clarified as to whether a declaration under The Income Declaration Scheme, 2016 can be filed for an assessment y .....

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. Capital Gains on sale of Flat - query 1.   My wife and I booked an under construction flat in Sep 2015 – with first name of my wife, and myself as co-applicant.
    2.   The initial amount paid to the buil .....

  2. Posting of ITAT members at one stations In these days I am handling cases of Union of India before the High Court of Delhi and Supreme Court and observing that Central Govt Servants are not allowed to keep one station beyond a period of thr .....

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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