Income Tax Appellate Tribunal

The government on Thursday issued a notification regarding rules for appointments to 12 tribunals, or quasi-judicial bodies, in various fields, including the Income Tax Appellate Tribunal and the National Company Law Tribunal.

Five days after Supreme Court expressed its displeasure over the way the Centre had enacted Tribunals Reforms Act, Centre cleared the appointment of judicial and technical members to National Company Law Tribunal and Income Tax Appellate Tribunals.

The BJP on Saturday attacked the Gandhi family after the Income Tax Appellate Tribunal rejected Congress leader Rahul Gandhi's plea to consider Young Indian (YI) as a charitable institution, accusing it of hiding the truth and indulging in corruption in the matter related to Associated Journals Limited (AJL).

The Income Tax Appellate Tribunal (ITAT) has ruled that the withdrawal of income tax exemption to Young Indian, an entity controlled by Congress president Sonia Gandhi, her family and others, by the tax department is correct and it cannot be called a charitable organisation.

The Income Tax Appellate Tribunal (ITAT) passed an order in favour of Sushmita Sen, ruling the Rs 95 lakh that the actor received from beverages maker Coca Cola for settling a sexual harassment complaint would not be classified as an 'income'.

The top five central tribunals in the country have a combined backlog of over 3.50 lakh cases with the Income Tax Appellate Tribunal alone having over 91,000 pending matters, says a latest law commission report.

Some media reports have completely misreported the recent order of the Income Tax Appellate Tribunal (ITAT) in a case related to the investment of $150 million in 2008 by GE/NBCU.

This is with reference to reports in certain section of the media as well as social media regarding the rejection by the Income Tax Appellate Tribunal (ITAT) of an appeal filed by the Company against the assessment order for tax demand of Rs 450 crores for the assessment year 2009-10.

Section 54 of Income Tax Act gives relief to a taxpayer who sells own residential house and from the sale proceeds acquires another residential house.

The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.

The Income Tax Department may disallow fake HRA exemptions on the basis of recently-issued guidelines by the Mumbai ITAT (Income Tax Appellate Tribunal).

The Income Tax Department had raised a tax demand of Rs 10,247 crore and another Rs 18,800 crore in interest for 10 years.

The Income Tax Appellate Tribunal (ITAT) passed an order on August 17, 2016 substantially favouring NDTV and disallowing most of the Income Tax Department's claims.

Delhi Chief Minister Arvind Kejriwal's wife Sunita has taken voluntary retirement from the Indian Revenue Service (IRS), after serving for nearly 22 years in the Income Tax department.

In a big relief for telecom major Vodafone India, the court today set aside an order of Income Tax Appellate Tribunal (ITAT) which had ruled that the I-T Department had powers to raise tax demand on the company in a Rs 8,500-crore transfer pricing case.

The government on Thursday issued a notification regarding rules for appointments to 12 tribunals, or quasi-judicial bodies, in various fields, including the Income Tax Appellate Tribunal and the National Company Law Tribunal.

Five days after Supreme Court expressed its displeasure over the way the Centre had enacted Tribunals Reforms Act, Centre cleared the appointment of judicial and technical members to National Company Law Tribunal and Income Tax Appellate Tribunals.

The BJP on Saturday attacked the Gandhi family after the Income Tax Appellate Tribunal rejected Congress leader Rahul Gandhi's plea to consider Young Indian (YI) as a charitable institution, accusing it of hiding the truth and indulging in corruption in the matter related to Associated Journals Limited (AJL).

The Income Tax Appellate Tribunal (ITAT) has ruled that the withdrawal of income tax exemption to Young Indian, an entity controlled by Congress president Sonia Gandhi, her family and others, by the tax department is correct and it cannot be called a charitable organisation.

The Income Tax Appellate Tribunal (ITAT) passed an order in favour of Sushmita Sen, ruling the Rs 95 lakh that the actor received from beverages maker Coca Cola for settling a sexual harassment complaint would not be classified as an 'income'.

The top five central tribunals in the country have a combined backlog of over 3.50 lakh cases with the Income Tax Appellate Tribunal alone having over 91,000 pending matters, says a latest law commission report.

Some media reports have completely misreported the recent order of the Income Tax Appellate Tribunal (ITAT) in a case related to the investment of $150 million in 2008 by GE/NBCU.

This is with reference to reports in certain section of the media as well as social media regarding the rejection by the Income Tax Appellate Tribunal (ITAT) of an appeal filed by the Company against the assessment order for tax demand of Rs 450 crores for the assessment year 2009-10.

Section 54 of Income Tax Act gives relief to a taxpayer who sells own residential house and from the sale proceeds acquires another residential house.

The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.

The Income Tax Department may disallow fake HRA exemptions on the basis of recently-issued guidelines by the Mumbai ITAT (Income Tax Appellate Tribunal).

The Income Tax Department had raised a tax demand of Rs 10,247 crore and another Rs 18,800 crore in interest for 10 years.

The Income Tax Appellate Tribunal (ITAT) passed an order on August 17, 2016 substantially favouring NDTV and disallowing most of the Income Tax Department's claims.

Delhi Chief Minister Arvind Kejriwal's wife Sunita has taken voluntary retirement from the Indian Revenue Service (IRS), after serving for nearly 22 years in the Income Tax department.

In a big relief for telecom major Vodafone India, the court today set aside an order of Income Tax Appellate Tribunal (ITAT) which had ruled that the I-T Department had powers to raise tax demand on the company in a Rs 8,500-crore transfer pricing case.