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Income Tax Appellate Tribunal News

08 Mar 2024

Congress' Plea To Stay I-T Dept's Action Against Its Bank Accounts Rejected

The Congress had also accused the BJP government of "financial terrorism" and attempting to "cripple" its primary opposition.

09 Nov 2020

PM to inaugurate office-cum-residential complex of ITAT at Cuttack

Prime Minister Narendra Modi will inaugurate the Income Tax Appellate Tribunal (ITAT) complex at Cuttack on November 11. During the event, Union Law Minister, Union Petroleum Minister, Chief Minister of Odisha, Chief Justice and Judges of Orissa High Court, will also be present.

17 Jul 2020

ITAT orders Swiss bank account holder to pay tax on Rs 196 cr stashed abroad

The assessee raised 19 grounds of appeal, but her plea was dismissed as the ITAT observed that the amount found in her Swiss Bank account was over 11,500 times more than her annual income The ITAT confirmed the addition in respect of her account with HSBC Private Bank (Suisse), SA Geneva The department recorded that the income to the extent of US$3,97,38,122 has escaped assessment and issued her a show-cause notice under section 148 of the I-Tax Act

Income Tax Appellate Tribunal

26 May 2020

Former Income Tax Appellate Tribunal president Vimal Gandhi dead

He was President of ITAT for over 6 years from October 31, 2003 to June 3, 2010.

Vivad se Vishwas scheme

06 Apr 2020

Govt open to suggestions on implementation of Vivad Se Vishwas scheme: CBDT

The CBDT chairman clarified the doubts by answering frequently asked questions and said that no scheme could be conceived with all the perfections, so also could be this scheme.

24 Jan 2020

CJI SA Bobde calls for speedy resolution of tax disputes

CJI Bobde addressed the 79th foundation day celebrations of Income Tax Appellate Tribunal on Friday.

Income Tax Appellate Tribunal

24 Jan 2020

ITAT completes it's 79 years, discussion on pending cases related to taxes

Today, on the completion of 79 years of Income Tax Appellate Tribunal, a program was held which also discussed the pending cases in ITAT. Chief Justice of India Sharad Arvind Bobde and Law Minister Ravi Shankar Prasad have also attended the program.

Income Tax Appellate Tribunal

23 Jan 2020

For faster disposal of tax disputes, income tax tribunal seeks more benches

The tribunal has called for increasing the number of benches for faster disposal of disputes.

19 Nov 2018

Sushmita Sen not liable to pay tax on compensation in sexual harassment case

The bench said that Commissioner of Income Tax has erred, in law and facts and circumstances of the case in considering the Capital receipt of Rs 95,00,000 as income liable to tax.

Flipkart tax issue

27 Apr 2018

ITAT rules in favour of Flipkart; I-T to refund Rs 55 crore

The income tax department will now have to refund the Rs 55 crore tax that was deposited by Flipkart and revoke the bank guarantee pursuant to the February 6 order of the ITAT.

Income Tax Appellate Tribunal

18 Jul 2017

ITAT upholds tax demand raised on NDTV

The tax department had alleged that Rs 218.30 crore was the tax that was sought to be evaded on investment of Rs 642.54 crore. It had sought a penalty of Rs 436.8 crore at the rate of 200 percent of tax evaded

Income Tax department

25 Nov 2015

PAN-based litigation management system: All you should know

The Income Tax department has activated a PAN-based online system which enables the taxman to access cases in their jurisdiction on a click, amongst a building database of over 5 lakh appeals and 1.50 lakh judgements.

Income Tax department

25 Nov 2015

I-T dept launches PAN-based litigation management system

Aimed to reduce lengthy proceedings and time taken in litigation, the Income Tax department has activated a PAN-based online system which enables the taxman to access cases in their jurisdiction on a click, amongst a building database of over 5 lakh appeals and 1.50 lakh judgements.

12 Jul 2015

File appeals on merit: CBDT to taxman

Disapproving of the 'casual' attitude of taxmen in filing appeals and pursuing litigation in important revenue matters, the CBDT has asked the I-T department to take legal recourse only in "deserving" cases.

11 Dec 2014

Tribunal upholds I-T stand on raising tax demand on Vodafone

In a fresh blow to Vodafone India, the Income Tax Appellate Tribunal has ruled that the tax authorities have the powers to raise a demand on the telecom major in the Rs 8,500 crore transfer-pricing dispute.

17 Jul 2014

CBDT constitutes panel to suggest steps to reduce litigation

The Committee, according to the terms of reference issued by CBDT, will carry out detailed analysis of appellate orders and assessment orders on various aspects and recommend steps to reduce litigation before CIT (Appeal).

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