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Special Bench Of Income Tax Appellate Tribunal

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SC questions HC order in Congress's tax case

The Supreme Court on Monday questioned the Delhi high court's decision asking the Congress party to approach the Income Tax Appellate Tribunal for a stay on Income Tax demand notice for recovery of......

SC objects to govt stand on Lalu IT cases

Expressing strong disapproval of the quiet burial given to cases of huge income tax demands against Railway Minister Lalu Prasad Yadav and his wife Rabri Devi, the Supreme Court on Monday sought to......

Why Lalu's conviction is a defining moment in politics

The only objective of the government’s ordinance was to protect it’s loyal ally, says BJP’s Arun Jaitley From 1990 to 2005 Lalu Prasad Yadav and his party gave to Bihar the worst......

In a first, SC collegium to upload its decisions on website

The Supreme Court collegium has decided to upload on the apex court's website decisions taken by it including elevation, transfer and confirmation of judges in order to ensure transparency in its......

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......

Firms can set off share losses against income

The special bench of income-tax appellate tribunal has ruled that losses incurred in the business of purchase and sale of shares can be set off against other income and, thus, reduce the extent of......

Tax paid by employer is not a perk: Tribunal

A special bench of the Delhi Income Tax Appellate Tribunal has ruled that the income tax that an employer pays on behalf of its employee is a non-monetary benefit in kind and, therefore, exempt......

Govt nod for National Tax Tribunal

The government on Friday cleared the long-awaited proposal to set up a National Tax Tribunal to reduce the burden of pending cases in high courts and to ensure uniformity in administration of 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......

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......

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