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Income Tax Appellate Tribunal

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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......

Jailed Jaya moves Supreme Court for bail

Jailed former Tamil Nadu Chief Minister J Jayalalithaa, denied bail by Karnataka high court following her conviction and four year sentence in a graft case, on Thursday moved the Supreme Court for......

Bail hearing adjourned, Jayalalithaa to stay in jail

Jailed All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa will have to stay in prison for at least 6 more days as the vacation bench of the Karnataka High Court on Wednesday posted for......

Jayalalithaa's bail plea to be heard tomorrow

The Karnataka high court will hear jailed former Tamil Nadu chief minister Jayalalithaa's application on Wednesday seeking immediate bail and suspension of conviction and jail sentence in the......

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

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

anantharaman
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

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

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

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

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

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

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
NRIs income earned abroad is not taxed in India

I am a seafarer employed with a UK-based company. I get my salary in dollars and the remittance is received in a non-resident external (NRE)... ...

http://www.livemint.com/Money/P8hZswOnzHTStjFewc4YaN/NRIs-income-earned-abroad-is-not-taxed-in-India.html
Cases against Salman Khan, Shah Rukh Khan, Aamir Khan, Thackerays, PILs dominated Maharashtra in 2014

Cases against the famous Khan troika of Salman Khan, Shah Rukh Khan and Aamir Khan among other celebrities are dominating the legal scenario in... ...

http://www.financialexpress.com/article/industry/cases-against-salman-khan-shah-rukh-khan-aamir-khan-thackeray-bros-pils-dominated-maharashtra-in-2014/22271/
Daily Market Strategy - Good luck and good cheer!

It's hard to detect good luck - it looks so much like something you've earned. - Fred A. Clark The bounce-back has indeed taken many market... ...

http://www.indiainfoline.com/article/news-top-story/daily-market-strategy-good-luck-and-good-cheer-114122300006_1.html
Hybrid Financial Services appeals for allowance of depreciation

Corporate News Published on Mon Dec 22, 2014 at 07:48 PM Hybrid Financial Services announced that the Income Tax Appellate Tribunal has... ...

http://www.hdfcsec.com/News/NewsDetails.aspx?NewsID=740581
Companies can now claim tax deduction on non-compete fees

MUMBAI: Companies in India can now claim tax deduction on the non-compete fees that they pay to their senior executives such as CEO or CFO for not... ...

http://economictimes.indiatimes.com/news/company/corporate-trends/companies-can-now-claim-tax-deduction-on-non-compete-fees/articleshow/45546514.cms

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