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Income Tax Appellate Tribunal

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GENERAL In tax adjudication, the Income-tax Appellate Tribunal is the second appellate authority established under the Income-Tax Act, 1961. The Central Board of Direct tax has no control over it. The Income Tax Appellate Tribunal is a part of the Ministry of finance of central govt. but control over it is exercised by the Ministry […]

Stamp Duty Over A Property In India

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Overview Possession is not sufficient for physical transfer of property as one also needs legal ownership of the said property. For ownership you need registration. At the time of registration, a person has to pay a government tax called stamp duty levied on property transaction. Stamp duty is a tax collected by the government and […]

Income Tax Appellate Tribunal under Taxation Law

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GENERAL In tax adjudication, the Income Tax Appellate Tribunal (ITAT) is the second appellate authority established under the Income-Tax Act, 1961. The Central Board of Direct Tax has no control over it. The Income Tax Appellate Tribunal is a part of the Ministry of Finance of Central Government but control over it is exercised by […]