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CBDT Circular Of Clarification Regarding Definition Of “Fund Manager”U/s 9A(4)(b)

The CBDT has issued Circular No. 8 dated 10.05.2019 by which it has provided clarification regarding definition of “Fund Manager”under Section 9A(4)(b) of the Income-tax Act, 1961

CBDT Order Appointing 164 Officers As Assistant Commissioner of Income Tax (ACIT)

The CBDT has vide Office Order No. 114 of 2019 dated 16.05.2019 stated that the President has appointed several officers in the grade of Assistant Commissioner of Income Tax (ACIT) against the vacancy year 2014-15 in Level-10 of the Pay Matrix Rs. 56100-177500/- on regular basis with immediate effect or until further order on in situ basis

Transfers Of Hon’ble Members Of The ITAT (May 2019)

Pursuant to an order dated 17th May 2019 issued by the President, four Accountant Members and two Judicial Members have been transferred in public interest with effect from 31st May 2019

ITAT Benches To Not Sit In Summer Vacation

Pursuant to a resolution by the Standing Committee, the Assistant Registrar of the ITAT has issued an order dated 15th May 2019 stipulating the “Bench non-sitting days”in the ITAT. Different dates have been specified for different Benches.

Supreme Court Collegium Recommends Elevation Of Tax Judge As Chief Justice

The Supreme Court Collegium has passed a resolution dated 10th May 2019 recommending that a Tax Judge of the Bombay High Court be appointed as Chief Justice of the Madhya Pradesh High Court

CBDT Directs Dedication Of Fortnight To Clear Pendency Of Appeal Effect &Rectification

The CBDT has issued a directive dated 13th May, 2019 stipulating the dedication of a fortnight for clearing pendency of Appeal Effect and Rectification and for redressing public grievance

CBDT Order Of Postings Of Pr Chief Commissioner of Income Tax

The CBDT has vide Office Order No. 110 of 2019 dated 13.05.2019 ordered the postings of Pr Chief Commissioners of Income Tax. The CBDT has also vide Office Order No. 111 of 2019 dated 13.05.2019 specified the additional charge to be held by other high-ranking officers

Change In Constitution Of Bombay High Court’s Tax Bench w.e.f. 03.06.2019

There will be a change in constitution Of Bombay High Court’s Tax Bench w.e.f. 03.06.2019. The revised constitution is as follows

ITAT Members Appointed To NCLT

The Appointments Committee of the Cabinet has approved the appointment of several candidates to the posts of Judicial Member and Technical Member in the National Company Law Tribunal (NCLT). Amongst the appointees are two serving Members of the ITAT. There are also several retired judges, Chartered Accountants and officials of the department in the list

Download Report Of Committee On Profit Attribution | CBDT Invites Comments

In view of the the significance of issues relating to attribution of profits to a permanent establishment as well as the need to bring greater clarity and predictability in the applicable tax regime, the CBDT had formed a Committee to examine the existing scheme of profit attribution to PE under Article 7 of DTAAs and recommend changes in Rule 10 of the Income-tax Rules, 1962. The Committee has now submitted its report. The CBDT has sought suggestions/comments of the stakeholders and the general public on the report