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Latest Supreme Court Verdicts

  1. ITC Limited vs. CIT (Supreme Court) It can be seen, on an analysis of Section 15, that for the said Section to apply, there should be a vested right in an employee to claim any salary from an employer or former employer, whether due or .....

  2. Visvesvaraya Technological University vs. ACIT (Supreme Court) In the present case, we find that during a short period of a decade i.e. from the year 1999 to 2010 the University had generated a surplus of about Rs.500 crores. There is no doubt that the huge surpl .....

  3. Uttam vs. Saubhag Singh (Supreme Court) On a conjoint reading of Sections 4, 8 and 19 of the Act, after joint family property has been distributed in accordance with section 8 on principles of intestacy, the joint family property ceases to .....

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Latest High Court Verdicts

  1. CIT vs. Farida Leather Company (Madras High Court) The commission payments to the non-resident agents are not taxable in India, as the agents are remaining outside, services are rendered abroad and payments are also made abroad. The contention of the .....

  2. CIT vs. Ramaniyam Homes P Ltd (Madras High Court) In our considered view, the waiver of a portion of the loan would certainly tantamount to the value of a benefit. This benefit may not arise from "the business" of the assessee. But, it certainly aris .....

  3. Vijay Singh Kadam vs. CCIT (Delhi High Court) In our view, the power under Section 245 of the Act, is a discretionary power given to each of the tax officers in the higher echelons to “set off the amount to be refunded or any part of that amoun .....

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Latest ITAT Verdicts

  1. Dilip Manhar Parekh vs. DCIT (ITAT Mumbai) The demolition of the structure would not constitute a transfer of the assets in terms of Section 54(3) of the Act in view of the decision of the Apex Court in the matter of Vania Silk Mills P. Ltd. v .....

  2. Banke Bihari Properties Pvt. Ltd vs. ITO (ITAT Delhi) The AO has mechanically issued notice u/s. 148 of the Act, on the basis of information allegedly received by him from the Directorate of Income Tax (Investigation), New Delhi. Keeping in view of the f .....

  3. Oxford Softech P.Ltd vs. ITO (ITAT Delhi) The provisions under the Income Tax Act are highly complicated and its different for a layman to understand the same. Even seasoned tax professionals have difficulty in comprehending these provisions. .....

Latest Useful Information

  1. CBDT Report Reg Computation Of S. 115JB Book Profit For lnd AS Compliant Companies The Central Board of Direct Taxes (CBDT) vide order dated 8th June 2015 constituted a Committee to inter alia suggest the framework for computation of book profit for the purposes of levy of Minimum A .....

  2. CBDT Circular Reg Payment Of Interest On Refund U/s 244A Of Excess TDS Deposited U/s 195 Of The Income-tax Act, 1961 The CBDT has issued Circular No. 11/2016 dated 26.04.2016 stating that in accordance with the judgement of the Supreme Court in CBDT Circular Reg Commencement Of Limitation For Penalty Proceedings U/s 271D and 271E of the Income tax Act, 1961 The CBDT has issued Circular No. 09/DV/2016 dated 26th April 2016 in which it has expressed the view, by relying on the judgement dated dated 8.7.15 of the Kerala High Court in Grihalaxmi Vision v .....

Latest Articles By Legal Luminaries

  1. CBDT Report Reg Computation Of S. 115JB Book Profit For lnd AS Compliant Companies The Central Board of Direct Taxes (CBDT) vide order dated 8th June 2015 constituted a Committee to inter alia suggest the framework for computation of book profit for the purposes of levy of Minimum A .....

  2. CBDT Circular Reg Payment Of Interest On Refund U/s 244A Of Excess TDS Deposited U/s 195 Of The Income-tax Act, 1961 The CBDT has issued Circular No. 11/2016 dated 26.04.2016 stating that in accordance with the judgement of the Supreme Court in CBDT Circular Reg Commencement Of Limitation For Penalty Proceedings U/s 271D and 271E of the Income tax Act, 1961 The CBDT has issued Circular No. 09/DV/2016 dated 26th April 2016 in which it has expressed the view, by relying on the judgement dated dated 8.7.15 of the Kerala High Court in Grihalaxmi Vision v .....

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

  2. Re: corpus donation IF U FILE ITR 7 THE CPC WILL LEVY TAX ON MMR ON THE ENTIRE CORPUS DONATION
    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.

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