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Latest Supreme Court Verdicts

  1. CIT vs. Raghuvir Synthetics Ltd (Supreme Court) Even though it is a debatable issue but as Gujarat High Court in the case of Ahmedabad Mfg. & Calico (P) Ltd. (supra) had taken a view that it is capital expenditure which was subsequently follow .....

  2. Formula One World Championship Limited vs. CIT (Supreme Court) The term “place of business” is explained as covering any premises, facilities or installations used for carrying on the business of the enterprise whether or not they are used exclusively for tha .....

  3. CIT vs. Equinox Solution Pvt. Ltd (Supreme Court) In our considered opinion, the case of the respondent (assessee) does not fall within the four corners of Section 50 (2) of the Act. Section 50 (2) applies to a case where any block of assets are tran .....

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Latest High Court Verdicts

  1. Pragati Financial Management Pvt. Ltd vs. CIT (Calcutta High Court) We have already observed that the judgment in the case of Rajmandir Estates Private Ltd. (supra) was delivered considering the unamended provision of Section 68 of the Act. In the case of the assessee .....

  2. Pr CIT vs. Diana Builders & Contractors Pvt. Ltd (Delhi High Court) The Court finds that the standard excuse that the Department is putting forth in all such applications for condonation of delay in re-filing the appeal is two-fold. The first is regarding the budgetar .....

  3. Vikram Singh vs. UOI (Delhi High Court) The Court finds nothing in Section 279 of the Act or the Explanation thereunder to permit the CBDT to prescribe such an onerous and irrational procedure which runs contrary to the very object of Secti .....

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Latest ITAT Verdicts

  1. MIG Cricket Club vs. DIT (E) (ITAT Mumbai) In the light of the above observation and respectfully following the same, we are prima facie of the opinion that the activities of the assessee of Banquet Hall Hiring, Hospitality (Restaurants) and P .....

  2. M/s Beauty Tax vs. DCIT (ITAT Jaipur) The only grievance of the Assessing Officer is that the assessee has failed to produce the party so as to establish genuineness of the transaction and secondly, no payment has been made to the party t .....

  3. Small Wonder Industries vs. CIT (ITAT Mumbai) We are of the view, that there is a distinction between “lack of enquiry” and “inadequate enquiry”. In the present case the Assessing Officer collected necessary details, examined the same and .....

Latest Useful Information

  1. CBDT Circular Explains Law On Whether Lease Rent From Industrial Park/SEZ Is Assessable As Business Profits The CBDT has issued Circular No. 16/2017 dated 25.04.2017 in which it has considered the issue whether income arising from letting out of premises /developed space along with other amenities in an Ind .....

  2. CBDT Circular Clarifies Law On Retrospective Removal Of Cyprus From List Of Notified Areas U/s 94A The CBDT has issued Circular No. 15 of 2017 dated 21.04.2017 to clarify whether the removal of Cyprus from the list of notified jurisdictional areas under section 94A of the Income-tax Act, 1961 is wi .....

  3. CBDT Transfer Orders Of ACIT, DCIT, Addl CIT And Joint CsIT The CBDT has vide Order No. 55 of 2017 dated 24.04.2017 ordered the postings and transfers of several officers in the grade of Assistant / Deputy Commissioner of Income Tax with immediate effect and u .....

Latest Articles By Legal Luminaries

  1. CBDT Circular Explains Law On Whether Lease Rent From Industrial Park/SEZ Is Assessable As Business Profits The CBDT has issued Circular No. 16/2017 dated 25.04.2017 in which it has considered the issue whether income arising from letting out of premises /developed space along with other amenities in an Ind .....

  2. CBDT Circular Clarifies Law On Retrospective Removal Of Cyprus From List Of Notified Areas U/s 94A The CBDT has issued Circular No. 15 of 2017 dated 21.04.2017 to clarify whether the removal of Cyprus from the list of notified jurisdictional areas under section 94A of the Income-tax Act, 1961 is wi .....

  3. CBDT Transfer Orders Of ACIT, DCIT, Addl CIT And Joint CsIT The CBDT has vide Order No. 55 of 2017 dated 24.04.2017 ordered the postings and transfers of several officers in the grade of Assistant / Deputy Commissioner of Income Tax with immediate effect and u .....

Latest Blog Posts

  1. Can A Judge Appointed President Of The ITAT Do Judicial Work Of Hearing And Deciding Appeals? The learned author has raised the seminal question whether if a judge of the High Court is appointed President of the ITAT, he constitutes a “Member” and has the jurisdiction to hear and .....

  2. Important Case Laws Relating To Taxability Of Black Money (Demonetisation) & Levy Of Penalty Thereon Advocate Neelam C. Jadhav has prepared a compilation of important judgements relating to the taxability of unaccounted black money deposited in bank accounts in the wake of demonetisation. The compila .....

  3. War Against Corruption And Black Money – Tax Professionals Must Support The Govt Dr. K. Shivaram, Senior Advocate, has hailed Demonetisation as a great move and a bold step to reduce the black money circulation in our country. He has called it a “War against corruption and b .....

Latest Forum Discussions

  1. Re: housing loan interest yes .....

  2. Re: forceful declaration of IDS by ITO It is very difficult to come out of  the situation once the taxes are not paid as per the declaration made under ids ..... there is a possibility that the department may reopen the assessment and .....

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.