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PERMANENT APPELLATE TRIBUNAL
Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favourA Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Trib...- Delhi Gymkhana Club has MF investments worth Rs 200 crore, earned more from food and parties than sports: Financial reportDelhi Gymkhana Club saw its surplus surge nearly ten times to Rs 9.5 crore in 2023-24. Restaurants, bars, and banquets drove this revenue g...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- West Bengal Elections: 139 out of 27 lakh names get go ahead to vote in phase 1 amid SIR heatAppellate tribunals have reinstated voting rights for 139 individuals in West Bengal. These voters were initially flagged as not eligible. ...
- West Bengal SIR: SC to consider plea against EC's decision to freeze electoral rolls ahead of pollsThe Supreme Court will hear a plea on April 13 concerning the freezing of electoral rolls for West Bengal assembly polls. The Election Comm...
- SAT hauls up Sebi for lackadaisical approach in Kirloskar Industries caseIn October 2020, Sebi prohibited Atul Kirloskar, Rahul Kirloskar, Alpana Kirloskar, Arti Kirloskar, and Jyotsna Kulkarni from accessing the...
- Taxes can't be levied if a company doesn't have any presence in India: ITATPE is a concept in taxation that determines which country has the first right to tax a company.
- Justice Ashok Bhushan takes charge as NCLAT ChairpersonAfter taking the oath of office on Monday, Justice Bhushan was scheduled to preside over 10 matters that were listed before a three-member ...
- Govt appoints Justice Ashok Bhushan as NCLAT chairperson, Justice R Sudhakar as NCLT president"The Appointments Committee of the Cabinet has approved the proposal for appointment of Justice Ashok Bhushan, former Judge of the Supreme ...
- A day after SC hearing, Justice A I S Cheema resumes office as NCLAT Acting ChairpersonJustice A I S Cheema's tenure, which was to end on September 20, was abruptly terminated on September 10, and Justice M Venugopal was made ...
- Supreme Court unhappy over "hurried" appointment of acting NCLAT ChairpersonThe Centre on Saturday approved the proposal for appointment of eight Judicial members and 10 Technical members in the National Company Law...
- NCLAT gets third Acting Chairperson in a row; No full-time head since Mar 2020This is the third time in a row that an Acting Chairperson is at the helm of the NCLAT, which is handling several crucial appeals related t...
- Ministry not to allocate Jet’s foreign slots permanentlyAlthough the airline has asked the government to allocate the grounded carrier's foreign-flying rights to them permanently, sources say no ...
- Karnataka RERA gets a permanent bodyEstablished in July 2017, the authority functioned without a permanent chairman for over 1.5 years. It had had four interim chiefs since it...
- Can’t levy local taxes on MNCs using franchises, rules Income Tax tribunalGiving its ruling in the case of Domino’s Pizza, the tribunal held that the firm is a US-based company and cannot be subjected to Indian ta...
- Appellate tribunal of MahaRERA in placeThe permanent appellate tribunal will hear appeals against the orders passed by MahaRERA. Homebuyers and developers can approach it for ove...
- States told to set up realty regulators soonMoHUA secretary said the situation has turned "grave" because in the absence of rules, transactions in the real estate sector would suffer ...
- Finance Bill gets presidential assent, takes effect from todayThis is the first-time ever the annual Budget together with taxation proposals have come into effect from the first day of the financial ye...
- Air Passengers Association of India challenges CCI's approval to Jet-Etihad dealThe APAI has moved the appellate tribunal against the Competition watchdog’s approval to the deal.
- ITAT spares Galileo from paying taxGalileo International, a computer reservation service (CRS) company specialising in electronic booking of air tickets, has been exempted fr...
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