Editor's Pick

ITAT: Allows Sec. 80IB(3) deduction despite ceasing to be SSI-unit, differs from co-ordinate bench

Pune ITAT grants SSI (Small Scale Industry) status linked deduction u/s.80IB(3)(ii), despite assessee-company ceases to be a SSI

Oct 24,2017

Ahmedabad ITAT’s trailblazing go-green initiative aims at 'paperless' court

Ahmedabad ITAT initiates series of steps on an experimental basis with immediate effect, as part of its go-green initiative, invites

Oct 18,2017

ITAT: Share broker's loss on shares held as investments, a 'speculation loss’, not STCL

Mumbai ITAT treats loss suffered by assessee-company (engaged in share broking business) on sale of shares held by

Oct 16,2017

ITAT: Holds Star India as an independent agent, not PE for Dutch counterpart

Mumbai ITAT holds that assessee’s (a Dutch company and part of STAR group) Indian group company [STAR India Pvt Ltd.(‘SIPL’)]

Aug 21,2017

HC: Quashes reassessment on UAE-resident; Requirement to furnish TRC applicable post 2012

Goa bench of Bombay HC allows assessee-individual’s (a tax resident of UAE) writ for AY 2005-06, quashes re-assessment

Aug 18,2017

ITAT announces composition of newly constituted Surat bench

ITAT President orders transfer of Shri Chandra Mohan Garg, Judicial Member, ITAT, Indore Bench and Shri Om Prakash Meena, Accountant

Aug 16,2017

CBDT issues FAQs for computing book-profits under MAT for Ind-AS compliant companies

CBDT issues circular containing 14 FAQs with respect to significant issues arising from the implementation of Minimum Alternate Tax (MAT)

Jul 25,2017

HC: Sets-aside ITAT order, denies capital gains exemption upon proprietorship succession by company

Kerala HC sets-aside ITAT’s order and restores CIT’s Sec. 263 order, denies capital-gains exemption benefit u/s. 47(xiv) upon

Jun 22,2017

ITAT: No loss set-off denial for ‘belated’ e-return, when return also filed ‘manually’ within due-date

Mumbai ITAT allows assessee’s claim of carry forward and set-off of business losses and unabsorbed depreciations for AY

Jun 20,2017

CBDT:Clarifies on seized-cash adjustment, trade-advance taxability u/s. 2(22)(e), TDS applicability on airline’s PSF payment

CBDT clarifies that Explanation 2 to Sec. 132B (debarring adjustment of seized cash against advance tax liability) is prospective  in nature, accepts the

Jun 12,2017