Hon’ble Shri R. P. Garg, Sr. Vice President, Delhi Bench retired on 6th August 2009. A full court reference in his honour was held by the Delhi Bench of the Tribunal. Shri. Garg has been party to several landmark judgements such as ABN AMRO 97 ITD 89 (Cal) (SB), Gujarat Gas 115 ITD 218 (Ahd) (SB), Ashima Syntex 100 ITD 247 (Ahd) (SB) among others. We wish the Hon’ble member good luck in his new endeavours.
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Local postings & transfers of Commissioners of Income-tax
Local postings & transfers of Commissioners of Income-tax
Special Bench on right of ex-ITAT Members to practice
As per order of the Hon’ble President, ITAT dated 10.07.09, the above case will be heard by a Special bench comprising of Shri G.E. Veerabhadrappa, V.P. (DZ), Shri C.L. Sethi, JM and Shri K.D. Ranjan, AM to hear and dispose of the questions on the following points:
1. “Whether, the said Notification (Notification No. GSR 389E dated 03.06.2009) applies to the Members who have retired prior to the date of publication of the Notification?
Depreciation on Stock Exchange Card: High Court hearing
The substantial question of law arises in the present appeal is regarding the correct interpretation of section 32 and other sections of the Income tax Act, 1961 and whether in the fats and circumstances of the case and in law, the Hon’ble Tribunal is right in holding that the depreciation is allowable on the National Stock Exchange membership card held by the assessee if the card was acquired after 1-4-1998
Transfers & Promotions of Commissioners of Income-tax
The following two Orders are available: Source: https://irsofficersonline.org
Transfer of Hon’ble Member (July 2009)
Hon’ble Shri. Tilak Raj Sood, Accountant Member, presently posted at Chennai, has been transferred to the Mumbai Bench with effect from 13.7.2009
Section 80-IB(10) deduction on percentage completion method
Under sub-section (10) of section 80-IB an undertaking developing and building housing projects is allowed a deduction of 100% of its profits derived from such projects if it commenced the project on or after 1.10.1998 and completes the construction within four years from the financial year in which the housing project is approved by the local authority.
Ex-ITAT Members cannot practice before ITAT
The President, the Senior Vice-President, the Vice-President and the Members of the Tribunal shall not practice before the Tribunal after retirement from the service of the Tribunal.
Transfer of Hon’ble Member (May 2009)
Hon’ble Shri. P. Mohanrajan, Judicial Member, presently posted at Hyderabad, has been promoted as the Vice President, Chandigarh Bench with effect from 18.5.2009
Transfers of Hon’ble Members (March 2009 – II)
The following Hon’ble Members have been transferred in the same capacity, to the Benches of the Income Tax Appellate Tribunal as shown against their names. While the Hon’ble Members at sr. nos. 1 & 2 have been transferred with effect from 30th March 2009, those at sr. nos. 3 & 4 have been transferred with effect from 6th April 2009
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