Author: editor

Transfers 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 Presidents, the following Members of the ITAT have been transferred in the same capacity to the respective Benches, in public interest, with effect from 20th January 2017

Posted in ITAT related, Transfers/apptts

High 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 ground that the papers or counsel duly instructed are not available”.

Posted in All Information, Supreme Court/High Court related

CBDT Circular Reg TDS From Salaries U/s 192 Of The Income-Tax Act, 1961 In FY 2016-17

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 section 192 of the Income-tax Act, 1961 for the financial year 2016-17

Posted in All Information, Others

CBDT Directs Suspension Of Collection Of Taxes During Mutual Agreement Procedure (MAP) Under India-Sweden DTAA

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 where MAP has been invoked through the Competent Authority of Sweden, the Assessing Officers are required to keep the enforcement of collection of outstanding taxes in abeyance for a period of two years in respect of such taxpayers subject to fulfillment of certain conditions

Posted in All Information, Others

Download 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 judgements of the Courts, Tribunal and AAR on issues relating to transfer pricing and international taxation pronounced in the period from January to October 2016. Every judgement is classified under a specific heading so to enable easy retrieval. The summary provided for each judgement is succinct and enables the reader to know the ratio of the judgement at a glance. The publication will prove invaluable to all taxpayers and tax professionals engaged in the practice of transfer pricing and/ or international taxation.

Posted in All Information, Others

Eminent 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 Associations

Posted in All Information, ITAT related

CBDT Directive Reg Reporting Cash Transactions Under Rule 114E Of Income-Tax Rules, 1962

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 Rules, 1962

Posted in All Information, Others

CBDT Circular Of Clarifications on the Direct Tax Dispute Resolution Scheme, 2016

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 provided

Posted in All Information, Others

Bombay 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 follows

Posted in All Information, Others

CBDT Circular Clarifies Imp Aspects Of Law On Taxability Of Indirect Transfers In S. 9(1)(i)

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, 1961

Posted in All Information, Others

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