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Govt examining ruling in Bofors case: Pranab

Finance Minister Pranab Mukherjee said the government is examining the decision of the Income Tax tribunal in the Bofors case and will decide the future course of action later."As the Law Ministry......

Revealed: Quattrocchi, Chadda bribed in Bofors deal

The Bofors ghost returned to haunt the Congress party with an income tax tribunal saying that kickbacks of Rs 41 crore were paid to late Win Chaddha, an agent of the Swedish arms manufacturer and......

Why Lalu's conviction is a defining moment in politics

The only objective of the government’s ordinance was to protect it’s loyal ally, says BJP’s Arun Jaitley From 1990 to 2005 Lalu Prasad Yadav and his party gave to Bihar the worst......

When bribery became official in India

It is now on record that the Congress has a history of paying money -- call it 'donations' for 'cooperation' if you like -- to MPs from the Opposition benches, says T V R Shenoy. Take your......

Verdict on plea to end Quattrocchi case deferred

A Delhi court on Monday deferred till March 4 pronouncement of its judgment on the Central Bureau of Investigation's plea to drop the case against Italian businessman Ottavio Quattrocchi in Bofors......

Vodafone gets stay on I-T demand

The Income Tax Appellate Tribunal (ITAT) gave a stay order on Friday regarding the Rs 3,700-crore (Rs 37 billion) tax demand made on Vodafone Plc.The final assessment on the company’s......

Tribunal sets aside I-T order on Maruti

The Income Tax Appellate Tribunal has ruled in favour of Maruti Suzuki, stating the auto major was not liable to pay tax under the transfer pricing regulation. It also said the income tax......

LG India gets tax demand on high advertising spend

The Income Tax department has got a shot in the arm, with a special bench constituted by the Income Tax Appellate Tribunal ruling that consumer electronics major LG Electronics India is liable to......

E-courts to hear tax cases via webcast

The unending wait for justice due to the huge backlog of cases may continue. But if the Income Tax Appellate Tribunal has its way, there could be some relief, finally.The ITAT is mulling e-courts,......

Portfolio service users get a tax breather

An income tax tribunal has ruled that the fee paid for portfolio management services is deductible while computing capital gains.This may benefit high net-worth individuals who use the services of......

ED's notice to BCCI regarding IPL II fund transfer

The Enforcement Directorate has issued notice to the BCCI to explain transfer and routing of funds to the tune of Rs 1,600 crore in the conduct of the second season of Indian Premier League cricket......

  People speak for income tax appellate tribunal

  • QNA
Q. What is the Difference Between Trial Courts and Appellate Courts?
:  A. Cases , wheter civil or criminal, start withPresidency Magistrate's Court or Small causes court. Followed by the Sessions Court and then the.High...... more

Q. please quote the citation of that ITAT decision in which it had been declared that you won\'t be tax in case you borrow tax-free loan from your friend.....thanks
Anantharaman :  A. 1. INTEREST-FREE LOANS TO LOSE TAX BURDEN May 12, 2009 Front Page Page 1 INTEREST-FREE LOANS TO LOSE TAX BURDEN...... more

SS Sethi
Q. It refers to an article "I-T department to publish defaulters' names" This is a welcome move, but will the Income Tax dept also publish the list of those tax-payers who have paid their taxes and patiently await refund orders? As a case in point, I bring to your notice the plight of 4,500 Reserve Bank of India employees who opted for voluntary retirement under RBI's Optional Early Retirement Scheme. The income tax appellate tribunal pronounced its order on March 28 this year in favour of dis persons, but mre den six months later, d refund orders have not yet been passed. Hope justice will b
SS Sethi:  A. U know the higher officers have contempt 4 courts.most of them consider the judiciary 2 b an infirior class.they will prefer 2 appeal upto supreme...... more

cyrus irani
Q. I have sold out my house at Kerala (say a gain of Rs.30 lakhs). With the proceeds received, I intend to go for purchase of a new/resale flat at Kolkata for Rs.15 Lakhs and also another one at Kerala for say Rs.14 Lakhs. Can I get exemption from capital gains for investment in both places, i.e. one at Kolkata and another one at Kerala ?
Cyrus Irani:  A. The short answer would be "no". However, I am not an expert. Please refer to following expert response to similar question at the following link (I...... more

TVSeetharaman Raman
Q. bribe/corruption still going on depts like Income tax appellate tribunal - comment
TVSeetharaman Raman:  A. We have to ;consider department wise rating like, Income tax, Revenue, RTO, education and many more . People also encouraging demand and supply theory more

  Web results for Income Tax Appellate Tribunal
BBMP to appeal I-T action

Comment · print · T T T+· T- TOPICS The I-T department had frozen all its 40 accounts The BBMP civic body has decided to move the... ...
Can loss in equity trading be adjusted against taxable income?

If loss in the stock market is considered as business loss, then it cannot be set off against salary income. Loss treated as speculative loss also... ...
Tax Liability is that of the Actual Owner

— By A N Shanbhag, September 15, 2014 12:06 am Sujit Bhatia felt good. After having lived in rented apartments for over five years, he and his... ...
Unfair comment by ITAT on ca classes

I think the Income Tax Apppellate Tribunal has been unfair on the matter of manner in which CA classes being conducted and its quality. This is... ...
Incorrect advice by CA firm irks ITAT

MUMBAI: In a recent order, the Income Tax Appellate Tribunal (ITAT) - on coming across an "incorrect" advice given by a particular firm of... ...

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