Transfers Of Hon’ble Members Of The ITAT (December 2016)
Vide orders dated 29.11.2016 passed by the Hon'ble President pursuant to the consultations with the Collegium of Income Tax Appellate Tribunal consisting of the President and two senior most Vice...
View ArticleCBDT Order Reg Promotion Of IRS Officers To Post Of Joint CsIT
The CBDT has issued Order No. 198 of 2016 dated 9th December 2016 by which it has stated that the President has extended the ad-hoc appointment of several IRS officers to the grade of Joint...
View ArticleCBDT Circular Reg Reopening U/s 147 Of Past Assessments Due To Increase In...
The CBDT has issued Circular No. 40/2016 dated 9th December 2016 directing Assessing Officers not to reopen assessments of earlier years u/s 147 of the Act merely because there is an increase in...
View ArticleFinance Ministry Directive Reg Filing Of Revised Income Tax Returns By Tax...
The Finance Ministry has issued a press release dated 11th December 2016 in which it has warned that any instance coming to the notice of Income-tax Department which reflects manipulation in the amount...
View ArticleCBDT Constitutes High-Level Committee To Advise On Re-Engineering Of...
The CBDT has issued an Office Memorandum dated 19th December 2016 stating that it has set up a committee of high-ranking officials to provide advise on re-engineering the assessment procedure and to...
View ArticleCBDT Circular Clarifies Imp Aspects Of Law On Taxability Of Indirect...
The CBDT has issued Circular No. 41 of 2016 in which it has provided clarification to several important aspects relating to the taxability of indirect transfers in s. 9(1)(i) of the Income-tax Act,...
View ArticleBombay High Court’s Tax Bench Constitution w.e.f 04.01.2017
The Constitution of the Bombay High Court’s Tax Bench w.e.f 04.01.2017 is as followsRead more ›
View ArticleCBDT Circular Of Clarifications on the Direct Tax Dispute Resolution Scheme,...
The CBDT has issued Circular No. 42 of 2016 dated 23rd December 2016 in which important clarifications on the Direct Tax Dispute Resolution Scheme, 2016 have been providedRead more ›
View ArticleCBDT Directive Reg Reporting Cash Transactions Under Rule 114E Of Income-Tax...
The CBDT has issued a Press Release dated 22nd December 2016 in which it has provided important clarification regarding the requirement to report cash transactions under Rule 114E of the Income–tax...
View ArticleEminent Lady Advocates Appointed To Top Positions In Bar
We are pleased to report that two eminent lady advocates have achieved the rare distinction of being the first woman Presidents of their respective Bar AssociationsRead more ›
View ArticleDownload Compendium Of Rulings On Transfer Pricing And International Taxation
Shri. Sunil Moti Lala, Advocate, has written a publication titled “Compendium of Transfer Pricing and International Tax Rulings”. The publication contains a summary of more than 400 important...
View ArticleCBDT Directs Suspension Of Collection Of Taxes During Mutual Agreement...
The CBDT has issued Instruction No. 01/2017 dated 04.01.2007 stating that on receipt of a formal request for suspension of collection of outstanding tax from a taxpayer who is a resident of Sweden and...
View ArticleCBDT Circular Reg TDS From Salaries U/s 192 Of The Income-Tax Act, 1961 In FY...
The CBDT has issued Circular No. 01/2017 dated 02.01.2017 in which it has explained in a comprehensive manner the obligation of taxpayers with regard to deduction of tax at source from salaries under...
View ArticleHigh Court Bans Frivolous Adjournment Applications In Tax Appeals
The Bombay High Court has decided to take a stern stand to combat the menace of advocates seeking adjournment on frivolous grounds. It has made it clear that “No adjournments will be granted on the...
View ArticleTransfers Of Hon’ble Members Of The ITAT (January 2017)
Vide order dated 13.01.2017 passed by the Hon'ble President pursuant to the consultations with the Collegium of Income Tax Appellate Tribunal consisting of the President and two senior most Vice...
View ArticleFinance Ministry Notifies Effective Date Of India-Cyprus DTAA (Download Full...
The Ministry of Finance has issued a Notification dated 10.01.2017 stating that all the provisions of the Agreement and Protocol between the Government of Republic of India and the Government of...
View ArticleCBDT Keeps Circular No. 41/2016 (Taxation Of Indirect Transfers) In Abeyance...
The CBDT has issued a press release dated 17.01.2017 stating that it has received representations from various FPIs, FIIs, VCFs and other stakeholders expressing concerns that Circular No. 41/2016...
View ArticleCBDT Issues Circular To Clarify Law On Taxation And Investment Regime For...
The CBDT has issued Circular No.2 of 2017 dated 18.01.2017 by which it has provided important clarifications on the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016. The...
View ArticleDownload E-Book On Rules Of Interpretation Of Tax Statutes By N. M. Ranka,...
The Bombay Chartered Accountants’ Society (BCAS) has released a publication titled "Rules of Interpretation of Tax Statutes" which is authored by Shri. N. M. Ranka, an eminent senior advocate. The...
View ArticleITAT Is Not A ‘Kangaroo Court’: Top Tax Lawyers Fume At Insult By Chief Minister
Shri. Virbhadra Singh, the Hon’ble Chief Minister of Himachal Pradesh, has insulted the Income Tax Appellate Tribunal, by calling it a “Kangaroo Court” which is motivated by “political vendetta”. Top...
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