Editor's Pick

ITAT: Allows Sec 10B deduction to law firm exporting legal services using ‘database’

Mumbai ITAT grants Sec 10B deduction-benefit for AYs 2004-05 to 2009-10 to assessee, a firm of Advocate & Solicitors (registered

Aug 23,2016

CBDT announces transfers/postings of CITs

CBDT announces local/inter-city transfers/postings in the grade of CIT;

Jul 21,2016

ITAT: Voluntary CSR-expenses deductible for AY 2008-09; Expl 2 to Sec. 37(1) not retrospective.


Raipur ITAT grants Sec. 37(1) deduction to voluntary expenses incurred by assessee towards corporate social responsibility

Jul 04,2016

ITAT: Holds Sec 40(a)(ia) second proviso retrospective; Follows favourable Delhi-HC ruling over Kerala HC

Raipur ITAT deletes expense disallowance u/s 40(a)(ia) for AY 2010-11 allowing  retrospective benefit of second proviso to Sec 40(a)(ia)

Jul 04,2016

ITAT: Pre-schooling an integral part of education ; Grants Sec.12A registration to assessee-trust

ITAT grants registration to assessee (an educational trust) u/s 12A, holds that pre-schooling is an integral part of the

Jul 01,2016

Multilateral-Instrument to have arbitration provision, toolkits for developing countries work-in-progress, updates OECD

OECD’s recent Tax Talks  saw active deliberations on implementation of BEPS Project,

Jun 27,2016

ITAT: Allows business loss set-off against deemed income u/s 68; Amended Sec 115BBE prospective

Agra ITAT upholds AO's action of taxing such income u/s 68, but observes that such income shall be assessable as

Jun 14,2016

ITAT: Share application money not share-capital, interest thereon a ‘revenue’ expenditure

Pune ITAT allows deduction to assessee (a closely held company) for interest paid on share application money received

Jun 06,2016

ITAT: Receipt of bonus-shares, though without consideration, not taxable u/s 56(2)

Bangalore ITAT dismisses Revenue’s appeal, bonus shares received by assessee during AY 2012-13 does not result in ‘receipt

Jun 02,2016