Hon’ble Shri. M. K. Chaturvedi, JM, Vice-President, Chennai Zone has been appointed administrative Member of the Central Administrative Tribunal, Guwahati Bench.

 

Shri. Chaturvedi has been party to several landmark judgements such as Walkeshwar Triveni 88 ITD 159 (Mum) (SB), Kwality Milk Foods 100 ITD 199 (Che) (SB), Rogini Garments 108 ITD 49 (Che) (SB) among others.

 

To fill the vacancy, Shri. Pradeep Parikh, AM, Vice-President, ITAT, Hyderabad Zone has been transferred to the Chennai Bench in the same capacity.

 

Shri. P. P. Parikh practiced as a Chartered Accountant in Ahmedabad from 1975 to 1994 till his elevation to the Bench on 24.05.1994.

 

Shri. Parikh has been party to several landmark judgements such as R. M. Valliappan 103 ITD 63 (Che) (SB), Narang Hotels 74 ITD 190 (Mum) (SB), Smt. Mahesh Batra 95 ITD 152 (Asr) (SB) among others.

 

We wish both Hon’ble Members good luck in their new postings.

The Direct Taxes Code Bill 2009 & Discussion Paper released by the Ministry of Finance today is available: The salient features of the Direct Taxes Code 2009 is also gi

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.

Local postings & transfers of Commissioners of Income-tax

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?

 

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

The following two Orders are available: Source: https://irsofficersonline.org

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

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.

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.