Shri Justice Chandrakant Vasant Bhadang Appointed ITAT President
The Appointments Committee of the Cabinet has approved the proposal for appointment of Justice Chandrakant Vasant Bhadang, retired Judge, Bombay High Court to the post...
Transfer of High Court Judges
In exercise of the power conferred by the Constitution of India, the President of India, after consultation with Chief Justice of India, is pleased to...
CBDT Revised Guidelines for compounding of offences under the Income tax Act, 1961
Some of the major changes made for the benefit of taxpayers include making offence punishable under Section 276 of the Act as compoundable. Further, the...
What is “reason to believe”? Can Courts look into the sufficieny of the reasons?
The expression “reasons to believe” is a component of many statutes such as in the case of reassessment of Income under the Income-tax Act, 1961,...
Taxability of capital gains from penny stocks: Burden is on the taxpayer to prove fanciful rise in stock price is genuine
The Honourable Calcutta High Court has held that the onus is on the assessee to establish the genuineness of the price hike in the case...
CBDT Notifications Clarify whether Gift card or vouchers, Mileage points, reward points, Subscriptions etc are taxable as Virtual Digital Assets
The law on taxation of Virtual Digital Assets (VDAs) under the Income-tax Act, 1961 has been ushered in by the Finance Act, 2022. Briefly, the...
Taxability of salary reimbursed under a secondment agreement. Karnataka High Court clarifies law in Flipkart-Walmart case
The Karnataka High Court has analyzed the law regarding the taxability of sums reimbursed to a foreign party under a Secondment Agreement in the case...
Supreme Court Guidelines On Payment Of Maintenance In Matrimonial Matters
In <a href="https://lawministry.in/pdfdownload/rajnesh-versus-neha-supreme-court-order-on-matrimonial-maintenance/">RAJNESH VERSUS NEHA</a>, the Supreme Court has stated that it shall frame guidelines on payment of maintenance in matrimonial matters...
CBDT Circulars On Prosecution Of Offenses And Compounding Of Offenses Under Direct Tax Laws
Circular No. 24 12019 F.No.2 85/08/2014-IT(Inv. V)/ 349 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ******* Room No....
ITAT Vice Presidents Transferred By Justice P P Bhatt
Shri Pramod Kumar, Vice President, Income Tax Appellate Tribunal, Ahmedabad Zone
(with Headquarter at Mumbai) is transferred to ITAT Mumbai Benches as Vice President
(Mumbai Benches) w.e.f....