Income Tax Appellate Tribunal

Rediff.com » News » Income Tax Appellate Tribunal

News for Income Tax Appellate Tribunal

News
Business
Sports

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......

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......

Greed is good; excessive greed even better

The reason why Bofors is back in the news is the same mindboggling excessive greed as in the Commonwealth Games scandal. Excessive greed, it turns out, is even better, for unearthing the truth,......

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......

JetLite to deposit Rs 100 cr in Sahara tax dispute

The Customs, Excise & Service Tax Appellate Tribunal has directed JetLite (formerly Sahara Airlines Ltd) to pay Rs 100 crore (Rs 1 billion) as a pre-deposit on a service tax dispute, pending final......

Rise in I-T dept pleas in Supreme Court

In spite of having various appellate tribunals and commissions within its establishment, the Income Tax Department has registered a more than two-fold rise in appeals in Supreme Court in cases......

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

http://qna.rediff.com/questions-and-answers/what-is-the-difference-between-trial-courts-and-appellate-co//answers/16103734

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 Contactsram.sahgal@timesgroup.com INTEREST-FREE LOANS TO LOSE TAX BURDEN...... more

http://qna.rediff.com/questions-and-answers/please-quote-the-citation-of-that-itat-decision-in-which-it-/16103614/answers/14528885

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

http://qna.rediff.com/questions-and-answers/it-refers-to-an-article-i-t-department-to-publish-defaulters/14518159/answers/4021686

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

http://qna.rediff.com/questions-and-answers/i-have-sold-out-my-house-at-kerala-say-a-gain-of-rs.30-lakhs/4021536/answers/2387350

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

http://qna.rediff.com/questions-and-answers/bribecorruption-still-going-on-depts-like-income-tax-appella/1064623/answers/965434

Web results for Income Tax Appellate Tribunal

Delhi ITAT Rules On Attribution Of Profits To PE

In this Transfer Pricing alert, EY summarises a recent ruling of the Delhi Income Tax Appellate Tribunal (Tribunal) in the case of Convergys... ...

http://www.moneycontrol.com/news/the-firm/delhi-itat-rules-on-attribution-of-profits-to-pe_878159.html

PTC India Financial to be watched after results

PTC India Financial Services' (PFS) net profit fell 61.7% to Rs 24.23 crore on 33.6% decline in total income to Rs 77.07 crore in Q4 March 2013... ...

http://www.indiainfoline.com/Markets/News/PTC-India-Financial-to-be-watched-after-results/4872640465

No concrete prospects

Cement stocks have been catching up with the broader rally in the domestic market since early April, riding on hope that demand will revive... ...

http://www.mydigitalfc.com/sectoral-watch/no-concrete-prospects-157

Home loan pre-payment fees are eligible for tax benefits

By Accommodation Times News ServiceThe ruling by the Mumbai bench of the Income Tax Appellate Tribunal has given a relief for taxpayers who have... ...

http://www.accommodationtimes.com/real-estate-news/home-loan-pre-payment-fees-are-eligible-for-tax-benefits/

Going on vacation? Don't expect LTA if you travel abroad

According to a report published in The Times of India, today, you can't. The reports said, Tax exemption on leave travel allowance or LTA can be... ...

http://www.firstpost.com/investing/no-lta-exemption-if-final-destination-in-india-is-clubbed-with-overseas-784385.html

See All

Rediff News