Category: legislation

Statistics shows that, the Tax Benches of Bombay High Court, Hon’ble Justice Mr. F.I. Rebello
and Justice Mr. J.P. Devadhar and Justice F.I. Rebello and Justice R.S. Mohite in the period 21st
June, 2007 to March 2008, has disposed of 6,513 tax matters and admitted 963 matters (total
7,476) matters (Click here for details). The court working days for the period was 180 days giving average 415 matters per day has been disposed of. It may be for the first time such a large number of tax matters were disposed of. This has helped to reduce the pendency of tax matters before the Bombay High Court. At present the pendency of tax appeals is 2,600 and references is 2,100. If tax bench sits for full week to hear only the direct tax matters, the pendency of tax matters can be substantially reduced, this will help the assessee as well as the department.

The author laments that the Finance Bill 2008 made everyone happy – except the judiciary. Judiciary is guardian of our democracy. The common men have faith in the temple of justice. Only one criticism against the judiciary is that there …

Judiciary: No cheer! Read More »

Indian businessmen have made a remarkable achievements in the global business scenario, however, Indian professionals are yet to make the presence felt in the global scenario. Bar Council of India does not permit to have a partnership with chartered accountants …

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We are still waiting with bated breath for the new Income-tax Code which was supposed to be released by December 2007. The Finance Minister P Chidambaram has said that the Code is an exercise of the future and is not …

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