The Bombay High Court has decided to take a stern stand to combat the menace of advocates seeking adjournment on frivolous grounds. It has made it clear that “No adjournments will be granted on the ground that the papers or counsel duly instructed are not available”.
itatonline.org
Only the latest & most important updates on taxation
Category: All Information
CBDT Circular Reg TDS From Salaries U/s 192 Of The Income-Tax Act, 1961 In FY 2016-17
The CBDT has issued Circular No. 01/2017 dated 02.01.2017 in which it has explained in a comprehensive manner the obligation of taxpayers with regard to deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961 for the financial year 2016-17
CBDT Directs Suspension Of Collection Of Taxes During Mutual Agreement Procedure (MAP) Under India-Sweden DTAA
The CBDT has issued Instruction No. 01/2017 dated 04.01.2007 stating that on receipt of a formal request for suspension of collection of outstanding tax from a taxpayer who is a resident of Sweden and where MAP has been invoked through the Competent Authority of Sweden, the Assessing Officers are required to keep the enforcement of collection of outstanding taxes in abeyance for a period of two years in respect of such taxpayers subject to fulfillment of certain conditions
Download Compendium Of Rulings On Transfer Pricing And International Taxation
Shri. Sunil Moti Lala, Advocate, has written a publication titled “Compendium of Transfer Pricing and International Tax Rulings”. The publication contains a summary of more than 400 important judgements of the Courts, Tribunal and AAR on issues relating to transfer pricing and international taxation pronounced in the period from January to October 2016. Every judgement is classified under a specific heading so to enable easy retrieval. The summary provided for each judgement is succinct and enables the reader to know the ratio of the judgement at a glance. The publication will prove invaluable to all taxpayers and tax professionals engaged in the practice of transfer pricing and/ or international taxation.
Eminent Lady Advocates Appointed To Top Positions In Bar
We are pleased to report that two eminent lady advocates have achieved the rare distinction of being the first woman Presidents of their respective Bar Associations
CBDT Directive Reg Reporting Cash Transactions Under Rule 114E Of Income-Tax Rules, 1962
The CBDT has issued a Press Release dated 22nd December 2016 in which it has provided important clarification regarding the requirement to report cash transactions under Rule 114E of the Income–tax Rules, 1962
CBDT Circular Of Clarifications on the Direct Tax Dispute Resolution Scheme, 2016
The CBDT has issued Circular No. 42 of 2016 dated 23rd December 2016 in which important clarifications on the Direct Tax Dispute Resolution Scheme, 2016 have been provided
Bombay High Court’s Tax Bench Constitution w.e.f 04.01.2017
The Constitution of the Bombay High Court’s Tax Bench w.e.f 04.01.2017 is as follows
CBDT Circular Clarifies Imp Aspects Of Law On Taxability Of Indirect Transfers In S. 9(1)(i)
The CBDT has issued Circular No. 41 of 2016 in which it has provided clarification to several important aspects relating to the taxability of indirect transfers in s. 9(1)(i) of the Income-tax Act, 1961
CBDT Constitutes High-Level Committee To Advise On Re-Engineering Of Assessment Proceedings
The CBDT has issued an Office Memorandum dated 19th December 2016 stating that it has set up a committee of high-ranking officials to provide advise on re-engineering the assessment procedure and to arrive at a definite standard assessment procedure through an e-system which should incorporate within itself the principles of certainty, transparency, accountability and natural justice on the one hand and rules for addressing the revenue risks involved on the other. The Committee will also advice of the necessary changes in the Income Tax Laws and Rules necessary for implementing such an assessment procedure
Recent Comments