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NRA Iron & Steel Pvt. Ltd vs. PCIT (Supreme Court) (Review Petition)
S. 68 Bogus share capital/ premium: Application seeking open court oral hearing is rejected. There is no substance in the Review Petition seeking review of PCIT vs. NRA Iron & Steel Pvt. Ltd (2019) 412 ITR 161 (SC) and the same is dismissed We have gone through the contents in the Review Petition and do not find any substance in the submissions raised therein. Consequently, this Review Petition is dismissed
Col. Retd. Madan Gopal Singh Nagi vs. CIT (Madhya Pradesh High Court)
Refund of excess taxes: The dept has as usual raised all kind of technicalities in respect of an Army Officer who has dedicated his entire life towards the service of the Nation. The same Army Officer who defended our motherland including the 'Babus' sitting in the Income Tax Department is being subjected to harassment. The Colonel, who has made the life of Income Tax Officials and all of us smooth and comfortable and all those Income Tax Officers, who were able to sleep peacefully in their home because the borders were being guarded by the Army Officer. The Dept is trying to put all kind of spokes in the matter of refund for which he is genuinely entitled by virtue of CBDT notification. Suo motu contempt proceedings threatened against CIT & PCIT if refund not granted within 30 days Our Army Soldiers, Naval Officials and Fighter Pilots are Day and Nights protecting Our Territorial Borders from Enemy Infiltration and Attacks and even while putting their life to the greatest risk, are keeping all Citizens safe and Secure and making Our life free from all such Dangers, where they don't think of "Technicalities" while Fighting with Enemies at the Front, as to whether pulling the Trigger of their Gun would invite a "Court of inquiry" and from this practical perspective this Court wants to express its concern for not putting too much of technicalities in such matters by those who are invested with Administrative Powers to deal and decide the affairs of the Personnel of Indian Armed Forces
A Move Towards Citizenship As A Basis For Residential Status? The Marked Shift In Policy Brought About By The Finance Bill, 2020
The Finance Bill 2020 has sought to bring in a sweeping change in residential status of Individuals for the purpose of the Act. Advocate Aditya Ajgaonkar has conducted a detailed study of the proposed amendments and explained its nuances. He has argued that the proposed amendment is a harbinger of a shift in the policy of the government to move away from determining the residential status of an individual solely on basis of the individual's stay in the country and moving towards citizenship as an emergent aspect in determining the residential status of a person22 Advocates (Incl Tax Counsel) Designated 'Senior Advocates' By Bombay High Court
The Bombay High Court has conferred the prestigious designation of 'Senior Advocate' upon 22 advocates in recognition of their contribution to the development of law and justice. The list includes a well know Tax Advocate See Also: Digest of case laws (updated regularly) containing latest judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Tax Bar Meets Finance Minister & Offers Valuable Suggestions Reg Finance Bill 2020
First time in the History of Income-tax, Immediately after the presentation of Budget, The Finance Minister with her team Comprising of Hon'ble Finance Secretary, Revenue Secretary, Secretary Expenditure, Chairman CBDT, Chairman CBIC,Secretary Economic Affairs, Chief Commissioners of Income -tax Mumbai and Commissioners of Income tax (Mumbai) have arranged an interactive session with the stake holders including Tax professionals__._,_.___
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