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Latest Supreme Court Verdicts

  1. Gopal And Sons (HUF) vs. CIT (Supreme Court) Section 2(22)(e) of the Act creates a fiction, thereby bringing any amount paid otherwise than as a dividend into the net of dividend under certain circumstances. It gives an artificial definition of .....

  2. Ian Peter Morris vs. ACIT (Supreme Court) A perusal of the relevant provisions of Chapter VII of the Act [Part A, B, C and F of Chapter VII] would go to show that against salary a deduction, at the requisite rate at which income tax is to be .....

  3. CIT vs. Yokogawa India Limited (Supreme Court) If the specific provisions of the Act provide [first proviso to Sections 10A(1); 10A (1A) and 10A (4)] that the unit that is contemplated for grant of benefit of deduction is the eligible undertaking .....

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Latest High Court Verdicts

  1. CIT vs. Subhash Vinayak Supnekar (Bombay High Court) Thus, these amounts when received as advance under an Agreement to Sale of a capital asset are invested in specified bonds the benefit of Section 54EC of the Act is available. Moreover, on almost iden .....

  2. CIT vs. Gulab Devi Memorial Hospital Trust (P&H High Court) In view of the findings of the Apex Court in paragraphs 8 and 9 of its judgment in Visvesvaraya's case (supra), as reproduced earlier, we unhesitantly conclude that even if substantial surplus is gene .....

  3. Utanka Roy vs. DIT (Calcutta High Court) The relevant test to be applied to decide whether the income accrued to a non-resident in India or outside is concerned, is to find the place where the services were rendered, in order to consider whe .....

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Latest ITAT Verdicts

  1. DCIT vs. Welspun Corporation Limited (ITAT Ahmedabad) In the light of the above legal position, what we need to decide at the outset is whether the amounts paid by the assessee to the non-resident agents could be termed as “consideration for the render .....

  2. Religare Commodities Ltd vs. ACIT (ITAT Delhi) The discount under ESOP is in the nature of employees cost and is hence deductible during the vesting period w.r.t. the market price of shares at the time of grant of options to the employees. The amo .....

  3. Daewon Kang Up Co. Limited vs. DDIT (ITAT Chennai) The lapse committed by the AO in passing the assessment order without first passing a draft order, against which the assesee may file objections with the DRP, seeking its directions to the AO, is only .....

Latest Useful Information

  1. CBDT Issues Circular To Clarify Law On Taxation And Investment Regime For PMGKY Scheme The CBDT has issued Circular No.2 of 2017 dated 18.01.2017 by which it has provided important clarifications on the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016. The .....

  2. CBDT Keeps Circular No. 41/2016 (Taxation Of Indirect Transfers) In Abeyance To Address Concerns Of Stakeholders The CBDT has issued a press release dated 17.01.2017 stating that it has received representations from various FPIs, FIIs, VCFs and other stakeholders expressing concerns that Circular No. 41/2016 whi .....

  3. Finance Ministry Notifies Effective Date Of India-Cyprus DTAA (Download Full DTAA) The Ministry of Finance has issued a Notification dated 10.01.2017 stating that all the provisions of the Agreement and Protocol between the Government of Republic of India and the Government of Repub .....

Latest Articles By Legal Luminaries

  1. CBDT Issues Circular To Clarify Law On Taxation And Investment Regime For PMGKY Scheme The CBDT has issued Circular No.2 of 2017 dated 18.01.2017 by which it has provided important clarifications on the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016. The .....

  2. CBDT Keeps Circular No. 41/2016 (Taxation Of Indirect Transfers) In Abeyance To Address Concerns Of Stakeholders The CBDT has issued a press release dated 17.01.2017 stating that it has received representations from various FPIs, FIIs, VCFs and other stakeholders expressing concerns that Circular No. 41/2016 whi .....

  3. Finance Ministry Notifies Effective Date Of India-Cyprus DTAA (Download Full DTAA) The Ministry of Finance has issued a Notification dated 10.01.2017 stating that all the provisions of the Agreement and Protocol between the Government of Republic of India and the Government of Repub .....

Latest Blog Posts

  1. 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 .....

  2. 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 .....

  3. Non-Appointment Of Vice-Presidents & Proposed Merger With Other Tribunals Spells Doom For The ITAT Dr. K. Shivaram, Senior Advocate, is upset at the inaction of the Government in appointing Vice-Presidents to the ITAT. He explains that this inaction demoralizes the hardworking Members of the ITAT a .....

Latest Forum Discussions

  1. Re: Taxation of perquisite Hi,

    Accommodation facility provided by company to it's employee on account of transfer from one place to another place subject to taxable perk if stay excceeds 15 days. However, in the .....

  2. Mumbai High Court decision Dear Friends

    The department seems to have filed an SLP in the matter of Indo French Chamber of Commerce and Industry.  The Officer has given 18600/13.  Can anyone provide me a cop .....

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.