Recent Posts

Recent Posts

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Sirs, X a lecturer in University aided college having only  Salary Income ,received salary arrears for past years uploaded his Return of Income(ROI)  for AY18-19 . Though Form 10E was given to institution, and relief was claimed in ROI . However, since Form 10E  was not uploaded in department site properly while filing his ROI, it resulted in  . Intimation and demand for tax and interest . Later,this was rectified by uploading 10E and return reprocessed .Now he has received fresh Intimation demanding the interest as per the original intimation. This appears not to be proper .Please guide (1) whether the fresh demand is proper(2) Is there any case laws /Circulars that can be cited against the demand (3) How the dmenad can be rectified.  Kindly guide       
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I have started practice in 2004, since then I am seeing certain Registrar(s) and Bench clarks are here in Delhi. Now they have developed routes in Delhi and spoiling image of ITAT, from managing cases to removing papers from files and uploading of orders at web site. I dont want to use any harsh language but wanted to make an appeal to the President of ITAT that there has to be transfer policy of these persons in the interest of institution otherwise it will give a wrong message. The post in ITAT is a central post and transfer is inevitable, but no body is bother and looking this side of the picture, every body want to stay in Delhi, Bombay, Madras, Benglore etc. So in the interest of justice every person who has spent five years at one station should be transferred immediately.     
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Discussion / Assessments in the year of the death of the Assessee
« Last post by ASRAO on March 28, 2019, 02:09:30 PM »
In the year of the death section 159 will comes into existence and along with it section 168 comes into existence if property is not distributed to legal heirs
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Discussion / Re: 54F
« Last post by ASRAO on March 28, 2019, 02:04:27 PM »
Section 54F exemption is given for promoting investment in residential house property and their is no specifications regarding investment in the Act, so it is allowed as per recent judgements of Apex Court
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Discussion / Re: sec.56(2)(vii)
« Last post by camanoj2104 on March 14, 2019, 08:14:04 PM »
It is taxable
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Discussion / Re: 54F
« Last post by camanoj2104 on March 14, 2019, 08:13:44 PM »
Judiciary is divided on issue however in recent past some judgments favoured exemption
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Discussion / 54F
« Last post by sankar.irgp@gmail.com on March 09, 2019, 02:41:43 PM »
Assessee invested the sale consideration in his name and in his minor children u/s.54F in the capital gains scheme. AO denied the exemption u/s.54F to the investment made in the names of wife and children of the assessee. Can one offer comments on this topic. Please.
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Discussion / Message to President of ITAT Justice Bhatt
« Last post by brettlee on February 27, 2019, 09:02:39 AM »
Dear Mr President, in the capacity of executive member of the ITAT Bar and Senior Pannel Counsel of Union of India before the High Court of Delhi I hereby request you and suggest you that transfer of all the members who have spent three years at a station would be made, in order to curb the intellectual corruption, this is a suggestion keeping in view of the interest of all the innocent assesses, and if any body feels something then I am least bothered because for the good administration of justice I am ready to sacrifice my personal practice, further if any member would harm my cases then it is in no way injury to me rather a sin committed towards an innocent assessee, for which sin, there is something above all who can do the justice with such person in his own way. This step is also good for those members of ITAT who are posted at various other stations and has not got an opportunity to adjudicate the matters at big stations. It is further requested that only knowledgeable members who have knowledge of law and rated as esteemed members should be posted at Important stations, even if they have spent good time at a station earlier. Because the decisions of ITAT are appreciated and considered at International level and our image in the field of judiciary has very wide ramifications, and help in building trust among the international investors. My English may annoy many readers but they have to appreciate that I belong to backward class community. 
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Discussion / sec.56(2)(vii)
« Last post by sai prasad on February 22, 2019, 05:23:21 PM »
what is the latest position of the judgments on the deemed income of the difference between apparent consideration and market value of the property purchased in the hands of the purchaser
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Discussion / Re: Objection/Return in response to Notice 148
« Last post by Catomaca on January 25, 2019, 01:39:10 PM »
To receive information about this story until I saw it and wanted to occupy.
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