The following important judgement is available for download at itatonline.org.
CIT vs. Janapriya Engineers Syndicate (Andhra Pradesh High Court)
S. 40(a)(ia): Despite stay by High Court, Special Bench verdict In Merilyn Shipping is binding on the ITAT due to judicial discipline
The Tribunal had to consider whether in view of the Special Bench verdict in Merilyn Shipping & Transport 146 TTJ 1 (Vizag), a disallowance u/s 40(a)(ia) could be made in respect of the amounts that have already been paid during the year and are not "payable" as of 31st March. The Tribunal held that as […]
Regards,
Editor,
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Latest:State Bank of India vs. DCIT (Bombay High Court)
S. 254(2): If the Tribunal accepts that a mistake has crept in the order, interests of justice is served if the entire order is recalled (suo moto by the ITAT) & appeal re-heard. Appeals should not be disposed off in "light hearted" and "casual manner"
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