Income Tax Appellate Tribunal

ITAT recalls decision on beneficial ownership under Indo-Mauritius treaty

Assessee appealed it was denied benefit of treaty on capital gains from share transfer

Those selling products at market rate can't claim charitable status: ITAT

Hospital's appeal against income tax department rejected; it is a private company that turned into a non-profit

Laid off? Seek advice before claiming tax exemption on severance pay

You can claim only if the payout is voluntary and you have documentary proof to this effect

Presumptive tax scheme can reduce compliance burden, return filing

Simplifies ITR filing, but can be taxing if actual income is below 8% of turnover

We pay all taxes in India, pleased at ITAT decision, says Google

Google India said it is pleased with the ITAT decision that the payments made by the tech giant to Google Ireland between 2007-08 and 2012-13 were not a royalty

What is 'Google Tax' or Diverted Profits Tax and the Singapore case?

Diverted Profits Tax, commonly known as "Google tax", refers to tax provisions designed to counter the practice of profits being diverted to other jurisdictions that have lower or zero tax rates

ITAT rejects equalisation levy over jurisdictional grounds, setback for I-T

Assessee was subjected to disallowance of Rs.8.89 cr for not charging EQ on the AdWords charges paid to Google Singapore

Appeals against orders of ITAT will lie before high court, says SC

The Supreme Court on Thursday said that appeals against orders of the Income Tax Appellate Tribunal (ITAT) will lie only before the High Court within whose jurisdiction the assessing officer is situated. A bench headed by Justice U U Lalit reiterated that the jurisdiction of a High Court is not dependent on the location of the ITAT, as sometimes a Bench of the ITAT exercises jurisdiction over the plurality of states. "We hold that appeals against every decision of the ITAT shall lie only before the High Court within whose jurisdiction the Assessing Officer who passed the assessment order is situated. "Even if the case or cases of an assessee are transferred in the exercise of power under Section 127 of the Act, the High Court within whose jurisdiction the Assessing Officer has passed the order, shall continue to exercise the jurisdiction of the appeal," the bench also comprising Justices S R Bhat and P S Narasimha said. The top court said ITAT is a unified forum functioning in the

ITAT refuses to stay tax demand on former owner of Raw Pressery brand

Rs 123 crore of tax demanded on shares sold for huge premium to actress Jacqueline Fernandes, Mauritius-based entities

Tata-Mistry row: Tax tribunal suo moto junks negative remarks on Mistry

The Mumbai bench of the income tax appellate tribunal has retracted the critical remarks it made on Mistry in its recent order

India loses Cairn case in arbitration; asked to pay Rs 8,842 cr in damages

This is the second setback for Indian government related to retrospective taxation after it lost the arbitration case against Vodafone three months ago

PM Narendra Modi to inaugurate complex of ITAT's Cuttack bench tomorrow

An e-Coffee Table Book on ITAT along with an e-Book on 'Reforms in Direct Taxes since 2014', will also be released

Modi to inaugurate office-cum-residential complex of I-T Appellate Tribunal

Income Tax Appellate Tribunal, also known as ITAT, is an important statutory body in the field of direct taxes and its orders are accepted as final, on findings of fact

Income Tax Appellate Tribunal disposes of 5,392 cases between Apr-August

The Income Tax Appellate Tribunal (ITAT) disposed of more than 5,000 cases between April to August, an official statement said on Thursday.

Tata Education Trust gets Rs 220-crore exemption from ITAT

The matter pertains to Tata Trust's donation of $100mn to Harvard, Cornell

Yum Restaurant India unit V-P's services not taxable, rules Delhi ITAT

The case pertains to the agreement between the Yum Restaurants (Asia), the assessee and its Indian counterpart, where Vinod Mehboobani was deputed to India as the vice president (VP).

Arrears' collection will be tricky

We need to understand the nature of the astronomical tax arrears' figure of Rs 9 trillion

I-T department approaches 5,627 entities to avail Vivad se Vishwas scheme

Of this, a total 1,730 assessees, involving a tax demand of Rs 1, 578 crore, have agreed to come under the scheme

Vivad se Vishwas scheme: 100% target or poor appraisal, taxmen told

Declarants will need to attach the application on withdrawing cases from the CIT (A), the IATA, High Court, or the Supreme Court, along with the Vivad se Vishwas form.

Pay taxes honestly to generate funds for development works: Prasad

"Only two crore people in a country with a population of 130 crore fall in the category of tax-paying professionals. Is this fair where people are prospering?" Prasad asked.