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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. 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 .....

  2. CIT (TDS) vs. Maharashtra State Electricity Distribution Co Ltd (Bombay High Court) The expression rent would also entail an element of possession. In each of the instances contemplated by the explanation to Section 194-I, we see in them an element of possession, be it land, building .....

  3. DIT vs. B4U International Holdings Limited (Bombay High Court) The Indo-Mauritius DTAA requires that the first enterprise in the first mentioned State has and habitually exercised in that State an authority to conclude contracts in the name of the enterprise unle .....

Latest ITAT Verdicts

  1. Coal India Limited vs. ACIT (ITAT Kolkata) The term ‘expenditure’ as per section 14A would include the expenditures that are related to investments made i.e. expenditures on administration, capital expenses, travelling expenses, operating .....

  2. ITO vs. Earnest Towers (P) Ltd (ITAT Kolkata) The purport of section 194 I of the Act is not to bring in its purview payments of any or every kind. Only those payments which are in the nature of “use” of land come within the ambit of section .....

  3. DCIT vs. Artemis Medicare Service Ltd (ITAT Delhi) Determination of the vexed questions as to whether a contract is a contract of service or contract for service and whether the employees concerned are employees of the contractors has never been an ea .....

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. “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 .....

  3. Finance Bill 2015: Critique Of Proposed Amendment To Charities Law In S. 2(15) Finance Bill 2015: Critique Of Proposed Amendment To S. 2(15) Shri M. A. Bakshi, Vice President (Retd), ITAT The author argues with conviction that the proposed amendment to section 2(15) of the 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. Re: suscipious purchases Also see the case of Paresh Gandhi ITA No:-5706/M/2013[/color] .....

  2. capital gains The object of section 54 is to give relief to an assessee who has replaced his existing residential house either by a new one or constructed a new house.  By merely making payment to a builder pu .....

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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