Important Updates Of Case Laws, Articles And Association News
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Case Laws
Dy. CIT v. Ashray Investments (ITAT Mumbai)
Mumbai Tribunal : S. 288 : Appearance by authorised representative-Duties-Appellate Tribunal-Adjournment sought by Departmental Representative- Statement of loss of trust in the Bench-Conduct held wholly unacceptable-Revenue representative duty bound to assist Tribunal- Matter adjourned with direction for proper representation. [S. 254(1)] During hearing of a batch of connected appeals involving a common issue, time had earlier been granted… Read More ...
Bombay High Court: Maharashtra Cooperative Societies Act, 1960 . S. 23(2) : Open membership-Nominee-Succession dispute-Scope of revisional jurisdiction-Nomination does not confer ownership- Majority legal heirs supporting claim-Tenant has no locus to challenge internal arrangement among heirs-Revisional authority exceeded jurisdiction in interfering with grant of membership. [Art. 226] The petitioner, son of a deceased member of a co-operative housing… Read More ...
Mumbai Tribunal : S. 151 : Reassessment-Sanction for issue of notice-Sanction of specified authority-Notice issued beyond three years from end of relevant assessment year-Approval obtained from Pr. CIT instead of Pr. CCIT/CCIT-Invalid assumption of jurisdiction-Reassessment quashed. [S. 144, 147, 148, 148A(d), 151(ii)] The assessee challenged the reopening for A.Y. 2017-18 on the ground that the notice u/s 148… Read More ...
Mumbai Tribunal : S. 54 : Capital gains-Profit on sale of property used for residence-Development agreement-Indexed cost of acquisition-Assessee entitled to indexation on entire property and not restricted to 22.5% land share – Multiple floors in same redeveloped building constitute one residential house – Deduction u/s 54 allowable. [S. 2(47), 45, 48] The assessee, a resident individual, entered… Read More ...
Articles
Ethics, Professional Responsibility in Modern Tax Practice and Conventions – Path Forward – by Dr. K. Shivaram, Senior Advocate
TRANSFER PRICING DIGEST (JANUARY 2026) by Dr. Sunil Moti Lala, Advocate, CA, LL. B, Ph.D.
https://itatonline.org/archives/digest-of-important-case-laws/
By Adv. Aaditya Bhatt and Adv. Chandni Joshi: The Input Service Distributor (ISD) mechanism under India's Goods and Services Tax framework was conceived as a practical solution for large businesses that procure common services centrally but consume them across multiple locations. The idea was straightforward — a head office receives a vendor invoice, pays the GST, and then passes on the corresponding Input… Read More ...
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Editorial Board