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Latest Supreme Court Verdicts

  1. PCIT vs. IVen Interactive Limited (Supreme Court) It is required to be noted that notices under Section 143(2) of the 1961 Act are issued on selection of case generated under automated system of the Department which picks up the address of the assess .....

  2. Directorate of Elementary Education vs. Pramod Kumar Sahoo (Supreme Court) The concession given by the learned State Counsel before the Tribunal was a concession in law and contrary to the statutory rules. Such concession is not binding on the State for the reason that there .....

  3. CIT vs. Laxman Das Khandelwal (Supreme Court) According to Section 292BB of the Act, if the assessee had participated in the proceedings, by way of legal fiction, notice would be deemed to be valid even if there be infractions as detailed in said .....

Latest High Court Verdicts

  1. PCIT vs. Colour Roof (India) Ltd (Bombay High Court) Sine-qua-non for application of Section 41(1) of the Act, is that there should have been allowance or deduction claimed by the Assessee in any Assessment Year as a loss, expenditure or trading liabili .....

  2. PCIT vs. Pat Commodity Services Pvt. Ltd (Bombay High Court) The Tribunal accepted the assessee's explanation and discarded the Revenue's theory that profit of the assessee's company were passed on to the clients. It was also noticed that the Revenue has not co .....

  3. Oracle Financial Services Software Ltd vs. DCIT (Bombay High Court) We are prima facie of the view that the Revenue Authorities committed serious error. Against the total demand arising out of the order of assessment of Rs. 205 crore, the Assessing Officer has already .....

Latest ITAT Verdicts

  1. Vijayrattan Balkrishan Mittal vs. DCIT (ITAT Mumbai) An alleged scam might have taken place on LTCG etc. But it has to be established in each case, by the parry alleging so, that this assessee in question was part of this scam. The chain of events and t .....

  2. India Convention and Culture Centre Pvt. Ltd vs. ITO (ITAT Delhi) As per the circle rate prescribed by the competent authority, the value of total assets i.e., the fair market value of the land which was converted from ‘agricultural’ into ‘institutional’ com .....

  3. Perfect Thread Mills Ltd vs. DCIT (ITAT Mumbai) (Third Member) I thus agree with the view taken by the learned Judicial Member that the consideration from sale of property to the extent of principal component of loan adjusted by the bank cannot be treated as ‘d .....

Latest Useful Information

  1. Constitution Of Bombay High Court’s Tax Bench w.e.f. 04.11.2019 Constitution Of Bombay High Court's Tax Bench w.e.f. 04.11.2019
  2. CBDT Orders Transfers And Postings Of Assistant & Deputy Commissioners Of Income-tax The CBDT has vide Office Order No. 223 of 2019 dated 10.10.2019 ordered the transfers and postings of several officers in the grade of Assistant & Deputy Commissioners of Income-tax with immediat .....

  3. Chief CIT Accuses CBDT Chief Of Pressure To Bury ‘Sensitive Case’ According to press reports, Ms. Alka Tyagi, the Chief Commissioner of Income-tax, Mumbai, has written a complaint to the Finance Minister alleging that Shri. P. C. Mody

Latest Articles By Legal Luminaries

  1. Constitution Of Bombay High Court’s Tax Bench w.e.f. 04.11.2019 Constitution Of Bombay High Court's Tax Bench w.e.f. 04.11.2019
  2. CBDT Orders Transfers And Postings Of Assistant & Deputy Commissioners Of Income-tax The CBDT has vide Office Order No. 223 of 2019 dated 10.10.2019 ordered the transfers and postings of several officers in the grade of Assistant & Deputy Commissioners of Income-tax with immediat .....

  3. Chief CIT Accuses CBDT Chief Of Pressure To Bury ‘Sensitive Case’ According to press reports, Ms. Alka Tyagi, the Chief Commissioner of Income-tax, Mumbai, has written a complaint to the Finance Minister alleging that Shri. P. C. Mody

Latest Blog Posts

  1. New India Vision – Voice Of Professionals – Suggestions For Speedy Disposal Of Matters And Effective Administration Of Justice Dr. K. Shivaram, Sr. Advocate, has lauded Shri Narendra Modi, the Hon'ble Prime Minister, for unveiling the 'New India Vision & Road Map' for the Country. He has pointed out that in the 'New Indi .....

  2. Govt Wants To Splurge Rs. 436 Cr To Install “Justice Clocks” But Not A Penny For Speedy Disposal Of Matters Dr. K. Shivaram, Sr. Advocate, laments that the Government has turned a complete blind eye to the woes plaguing the judiciary. There is not even a whisper about allocating funds to the judiciary in t .....

  3. CBDT Should Set Its Own House In Order Before Alleging That The ITAT’s Order Are “Perverse” Dr. K. Shivaram, Sr Advocate, has taken strong exception to the move of the CBDT to set up a committee to examine “perverse orders” of the ITAT. He argues that such a move is not justified .....

Latest Forum Discussions

  1. Conference of NATP(National Association of Tax Professionals Hello friends recently I have visited USA in order to attend conference of NATP, it was a great session, I am fully amazed, observing the respect to the verdicts of Highest Judicial Fora, the lower Ju .....

  2. Re: Relief u/s 89(1) rectification u/s 154 and subsisting interest demand Why the demand has come for the sake of discussion. Where is the difference between the taxpayer and the department. .....