Whether in the facts and circumstances of the case, the Assessing Officer was right in adding the amount of liabilities being reflected in the negative net worth ascertained by the auditors of the assessee to the sale consideration for determining the capital gains on account of slump sale?
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Transfers / Postings of DCIT/ ACITs in International Tax & Transfer Pricing
Vide Order No. 113 of 2011 dated 7.7.2011, the CBDT has transferred and posted officers in the grade of ACIT & DCIT to the Directorate of International Tax and Transfer Pricing
Registration Of Lawyers For Service Tax Stayed By Madras High Court
The Revenue Bar Association, Madras, filed a Writ Petition in the Madras High Court challenging the validity of levy of service-tax on “legal consultancy services”. The Court has passed an order of interim injunction dated 24.06.2011 restraining the Ministry of Finance from compelling the members of the Petitioner from registering themselves with the service tax authorities and collecting service-tax from them until further orders
Special Bench To Decide Ex-Member’s Right To Practice Before ITAT
Whether, Shri Deepak R. Shah, Advocate and Ex-Accountant Member of the ITAT is debarred from practicing before the ITAT in view of insertion of Rule l3E in ITAT Members (Recruitment and Condition of Service) Rules,1963.
Transfer of Hon’ble Member (May 2011)
In pursuance of the consultations of the collegiums of the Income Tax Appellate Tribunal consisting of the President and two senior-most Vice Presidents, Smt. Diva Singh, Judicial Member, Income Tax Appellate Tribunal, Kolkata Benches, Kolkata is hereby transferred in the same capacity to the Income Tax Appellate Tribunal, Delhi Benches, New Delhi with effect from the forenoon of 20th May, 2011 for a period of one year
Dept’s Guidelines on When & How To File/Oppose S. 260A Appeals In High Court
Dept’s Guidelines on When & How To File/Oppose S. 260A Appeals In High Court
DRP Revised Constitution w.e.f. 23.05.2011
In partial modification of Order No. 3/FT & TR 2011 dated 31.03.2011, the Central Board of Direct Taxes has revised the constitution of the Dispute Resolution Panels w.e.f. 23.05.2011
Book Release: “Wills & Bequests – Strategies – 151 Q&A with 6 Specimens”
Book Release: Wills & Bequests – Strategies – 151 Q&A with 6 Specimens
Service Tax On Lawyers Stayed By Andhra Pradesh High Court
Pursuant to a Writ Petition challenging the imposition of service tax on lawyers and the prayer seeking interim relief by way of “restraining the Respondents from giving effect to directly or indirectly or acting upon the impugned provisions or collecting any service tax on the assistance provided as an officer of the Court by an advocate“, the Andhra Pradesh High Court vide order dated 18.5.2011 has ordered “Since it is represented that the other High Courts have already granted stay in similar circumstances, there shall be interim stay, until further orders“
Minutes of Meeting Held With Hon’ble President On 15.04.2011
Minutes of the Meeting held on 15.04.2011 with Shri. R. V. Easwar, President of the Income Tax Appellate Tribunal by the ITAT Bar Association, Mumbai
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