Subscribe To Our Free Newsletter:

Latest Supreme Court Verdicts

  1. VLS Finance Ltd vs. CIT (Supreme Court) As a general rule, therefore, when there is no stay of the assessment proceedings passed by the Court, Explanation 1 to Section 158BE of the Act may not be attracted. However, this general statement o .....

  2. CIT vs. Saurashtra Cement & Chemical Industries Ltd (Supreme Court) It is not the IAC who exercises the powers or performs the functions of the ITO, even when such a power was conferred upon him, concurrently with the ITO. The significant feature of Section 125A of th .....

  3. CIT vs. Amitabh Bachchan (Supreme Court) There can be no doubt that so long as the view taken by the Assessing Officer is a possible view the same ought not to be interfered with by the Commissioner under Section 263 of the Act merely on the .....

deals

Today's Deals

Great Savings. Every Day

 

Latest High Court Verdicts

  1. Larsen & Toubro Limited vs. UOI (Bombay High Court) No officer is acting independently and following judgments of this Court, but waiting for the superiors to give them a nod. Even the superiors are reluctant given the status of the assessee and the qu .....

  2. Rajmandir Estates Private Limited vs. Pr. CIT (Calcutta High Court) Whether receipt of share capital was a taxable event prior to 1st April, 2013 before introduction of Clause (VII b) to the Sub-section 2 of Section 56 of the Income Tax Act; whether the concept of arm .....

  3. Indu Lata Rangwala vs. DCIT (Delhi High Court) Whereas in a case where the initial assessment order is under Section 143 (3), and it is sought to be reopened within four years from the expiry of the relevant assessment year, the AO has to base his .....

mobile_phones

Latest Mobile Phones At Up to 40% Discount

 

Latest ITAT Verdicts

  1. ITO vs. Intertoll ICS India Private Limited (ITAT Mumbai) It is said that rights and duties are two sides of the same coin. In other words, rights demand that a person using his rights should also observe his duties. In taxation matters discretionary powers .....

  2. Bayer CropScience Limited vs. ACIT (ITAT Mumbai) For allowing / disallowing any expenditure under Section 37 of the Act, the basic thing to be seen as to whether the expenditure was incurred for furtherance of business interest of the Assessee or no .....

  3. Ashwani Kumar Arora vs. ACIT (ITAT Delhi) The penalty in this case, if at all leviable, it should have been levied under section 271AAA (1) and not u/s 271(1)(c) as has categorically been provided in sub-section (3) of section 271AAA. Intenti .....

Latest Useful Information

  1. CBDT Circular Regarding Cancellation Of Registration U/s I2AA Of The Income-tax Act, 1961 Of Charitable Trusts The CBDT has issued Circular No. 21/2016 dated 27.05.2016 in which has clarified that it shall not be mandatory to cancel the registration already granted u/s 11 to a charitable institution merely on .....

  2. CBDT Circular On Due Date For Filing E-Appeals Before CIT(A) The CBDT has issued Circular No. 20/2016 dated 26.05.2016 stating that in order to mitigate any inconvenience caused to the taxpayers on account of the new requirement of mandatory e-filing appeals, i .....

  3. CBDT Directive On Manner Of Determination Of Fair Market Value In Case Of Indirect Transfers Covered By S. 9(1) Of The Income-tax Act, 1961 The CBDT has issued a press release in which it has given details of the manner of determination of fair market value and reporting requirement for Indian concerns covered by the indirect transfer pro .....

Latest Articles By Legal Luminaries

  1. CBDT Circular Regarding Cancellation Of Registration U/s I2AA Of The Income-tax Act, 1961 Of Charitable Trusts The CBDT has issued Circular No. 21/2016 dated 27.05.2016 in which has clarified that it shall not be mandatory to cancel the registration already granted u/s 11 to a charitable institution merely on .....

  2. CBDT Circular On Due Date For Filing E-Appeals Before CIT(A) The CBDT has issued Circular No. 20/2016 dated 26.05.2016 stating that in order to mitigate any inconvenience caused to the taxpayers on account of the new requirement of mandatory e-filing appeals, i .....

  3. CBDT Directive On Manner Of Determination Of Fair Market Value In Case Of Indirect Transfers Covered By S. 9(1) Of The Income-tax Act, 1961 The CBDT has issued a press release in which it has given details of the manner of determination of fair market value and reporting requirement for Indian concerns covered by the indirect transfer pro .....

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. TDS CREDIT Discretionary Trust - Income distributed to the beneficiaries.  Tax deducted from the income of the trust.  The distributed income is taxable in the hands of the beneficiaries.  TDS in .....

  2. Re: Deduction u/s 54 DEDUCTION ALLOWABLE EVEN IF BORROWED FUNDS ARE USED
    CA MANOJ GUPTA
    JODHPUR
    09828510543 .....

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.

Reset

Newsletter

Archives

  • Category

  • Filter By Judges

  • Filter By Sections

  • Filter By Counsel

  • Filter By Court

  • Filter By Catchwords

  • Filter By Genre

  • Sort Results By