Shri. B. Ramakotaiah CIT (A) XXXVII, Kolkota has joined as an Accountant Member in the Bombay Bench of the Income tax Appellate Tribunal with effect from the 11th February 2008. We wish him good luck in his new posting.

All – India details (as on 1st February 2008) of pendency of matters in the Income Tax Appellate Tribunal is available here.

Two Additional Solicitors General appointed to deal with tax cases The Finance Minister, Mr P. Chidambaram, on Thursday said that two Additional Solicitors-General have been appointed to exclusively deal with direct and indirect tax-related cases in the Supreme Court and …

Additional Solicitor General for tax cases Read More »

At a meeting held on 18th January 2008 with the members of the ITAT Bar Association, Delhi, the Hon’ble President has addressed a number of important issues concerning the functioning of the Tribunal. Click here to see the Minutes of …

Minutes of the Meeting with the Hon’ble President of the ITAT Read More »

Hon’ble Shri Justice Bilal Nazki has assumed charge as judge of the Bombay High Court with effect from 7th January 2008. Justice Nazki was born on 18th November, 1947 at Srinagar. He was appointed an Additional Judge of the Jammu …

Transfer of judge to the Bombay High Court Read More »

Hon’ble Shri. Shaliendra Kumar Yadav, Judicial Member, has been transferred from the Mumbai Bench to the Bangalore Bench with effect from 31st December 2007. He served in the Ahmedabad Bench from 1st November 2000 to 6th December 2004 and in …

Transfer of Hon’ble Shri. S. K. Yadav from Mumbai Read More »

CIRCULAR NO. 9/2007, DATED 20-12-2007 In terms of the provisions of Chapter XII-H of the Income-tax Act (hereinafter referred to as Act), an employer, being a company, is liable to pay Fringe Benefit Tax (FBT) in respect of the fringe …

Fringe Benefit Tax – ESOP – Explanatory circular Read More »

INCOME TAX APPELLATE TRIBUNAL: DELHI BENCHES, NEW DELHI F.No. 70-Jd(ATD) / 07 Dated the 26th November, 2007 Sub: Preparation and submission of Paper Books – regarding. It is observed that the guidelines issued under the general Circular No F. 70Jd(ATD)/94, …

ITAT Guidelines for filing of paper Books Read More »

OFFICE OF THE COMMISSIONER OF INCOME TAX (JUDICIAL) R.NO. 371-C, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI 400 020. No. CIT (J)/HC.WP/2007-08/445 12th November 2007 All the Commissioners of Income-tax, Mumbai. Sir, In the case of a pharmaceutical company, the Assessing Officer …

Departmental Circular on reassessment u/s 147. Read More »

INCOME-TAX (FOURTEENTH AMENDMENT) RULES, 2007 AMENDMENT IN RULE 3 – VALUATION OF PERQUISITES NOTIFICATION NO. 271/2007, DATED 7-11-2007 In exercise of the powers conferred by section 295 read with sub-section (2) of section 17 of the Income-tax Act, 1961 (43 …

Amendment in Rule 3 – valuation of perquisites. Read More »