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Eminent Tax Counsel Appointed Judge Of High Court

We are pleased to report that a leading and highly respected tax counsel has been appointed Judge of a High Court. The learned Judge will certainly deliver justice to taxpayers

Posted in All Information, Supreme Court/High Court related

CBDT Circular On Applicability of S. 195-I TDS To Payment Of Lump Sum Lease Premium

The CBDT has issued Circular No. 35 /2016 dated 13.10.2016 in which it has clarified that lump sum lease premium or one-time upfront lease charges, which are not adjustable against periodic rent, paid or payable for acquisition of long-term leasehold rights over land or any other property are not payments in the nature of rent within the meaning of section 194-1 of the Therefore, such payments are not liable for TDS under section 194-I of the Act

Posted in All Information, Others

Transfers Of Hon’ble Members Of The ITAT (September 2016)

Vide order dated 16.09.2016 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 26th September 2016

Posted in All Information, ITAT related, Transfers/apptts

CBDT Instruction Reg S. 143(2) Notices In Limited CASS Scrutiny Assessments

The CBDT has issued Instruction No. 3 dated 16.09.2016 in which it has set out the procedure to adopted by Assessing Officers for generation of notices under section 143(2) of the Income-tax Act, 1961 in cases which are selected for limited and full scrutiny under the Computer Assisted Scrutiny Selection (CASS)

Posted in All Information, Others

CBDT Instruction Clarifies Imp Law On The Income Declaration Scheme, 2016

The CBDT has issued Instruction No. 8 of 2016 dated 15th September 2016 in which it has clarified as to whether a declaration under The Income Declaration Scheme, 2016 can be filed for an assessment year for which the proceedings under section142(1)/143(2)/148/153A/153C were pending as on 31.05.2016 but the said proceedings have been completed

Posted in All Information, Others

Eminent Jurist Fali Nariman Warns That Boycott Of Collegium By Senior Judge Will Weaken The Supreme Court

Justice Jasti Chelameswar, a senior judge of the Supreme Court, has announced that he is boycotting the proceedings of the Collegium, an august body which has been set up by the Supreme Court to appoint new judges to the High Courts. This unprecedented step by a senior judge has sent shock waves across the Country

Posted in All Information, Supreme Court/High Court related

CBDT Reacts To High Court Strictures And Revises Guidelines For Appointment Of, And Fees Payable To, Standing Counsel

The CBDT has issued Instruction Nos.6 and 7 of 2016, both dated 7th September 2016, by which it has revised the guidelines for engagement of standing counsels to represent the income-tax department before the High Courts and other judicial forums. The CBDT has also revised the schedule of fees payable to the Counsel

Posted in All Information, Supreme Court/High Court related

CJI Designate JS Khehar Fumes At “Tareekh Pe Tareekh” Fiasco As Lawyers Play Truant In Court

Now it is the turn of the lawyers practicing in the Supreme Court to face the heat of the stern attitude of the learned Judge. The learned judge has sent a strong message that he will brook no requests from lawyers for adjournments on frivolous grounds.

Posted in All Information, Supreme Court/High Court related

CBDT Circular Reg Streamlining Process Of No Objection Certificate (NOC) To Foreign Shipping Companies

The CBDT has issued Circular No. 30/2016 dated 26th August 2016 by which it has streamlined the process of issue of No Objection Certificate (NOC), voyage return and voyage assessment in the case of foreign shipping companies

Posted in All Information, Others

Bombay High Court’s Tax Bench Constitution w.e.f 22.08.2016

The Constitution of the Bombay High Court’s Tax Bench w.e.f 22.08.2016 is as follows

Posted in All Information, Supreme Court/High Court related

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