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Rulings

May 05,2016  

SC dismisses Revenue’s appeal against Allahabad HC  order; HC had deleted interest levied u/s 234A/B/C for AY 2010-11, as Revenue had failed to adjust seized cash (available before return filing due-date,

May 05,2016  

Delhi HC upholds ITAT order, proceedings u/s 153A not valid as no incriminating material was found qua the assessee in “each of the years” during block assessment; Assessee’s (individual) gold

May 05,2016  

Bangalore ITAT denies claim for deduction of expenditure out of government grant which was treated as capital receipt by assessee, but directs consideration of assessee's alternate claim for deduction u/s

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Details of amendments moved to Finance Bill 2016

Lok Sabha passes Finance Bill, 2016 with 47 amendments moved by Govt. ; Holding period for unlisted shares reduced from 3

May 05,2016

Government axe falls on over 100 Revenue officers for "non - performance", indiscipline

Government takes strict action against defaulting / non performing revenue officers; For the first time ever, 33 officers of the Revenue Services

May 05,2016

Lok Sabha passes Finance Bill, 2016; Govt. moves 55 amendments

Lok Sabha passes Finance Bill, 2016 after Finance Minister Arun Jaitley moved 55 amendments to the Bill : Press Reports

May 05,2016

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Litigation Tracker

May 04,2016  

SC admits Revenue’s SLP against Karnataka HC judgement; HC had allowed Sec 80P(2) benefit to assessee co-operative society providing credit facilities to

Apr 15,2016  

SC admits Revenue's SLP against Andhra Pradesh HC judgement in the case of My Home Power Ltd. wherein HC had

Mar 31,2016  

Bombay HC admits Revenue’s appeal challenging ITAT order, Panaji ITAT had rejected Revenue’s reliance on CBDT Circular No. 5/2012 while

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