Month: October 2008

Judges supersession irks lawyers

No reasons were apparently given by the Collegium for the supersession of the three senior judges though it was hinted that “performance” and “conduct” may have played a part.

Crorepati ITO has 23 flats!

Not one to be cowed down when his representations met with Governmental apathy, Doctor filed a series of legal proceedings in Court, forcing the Central Bureau of Investigation out of its slumber. Forced to act, thanks to the vigilant supervision of the Court, the CBI filed a FIR dated 22.2.2007 against Ajay Kumar Singh and two others for offences punishable under sections 13(2) read with 13(1)(e) of the Prevention of Corruption Act, 1988 and Section 109 of the IPC. (Click here for the Court’s order)

Chartered Accountants’ partnerships with non-CAs

The Institute of Chartered Accountants of India has issued Notification No. 1-CA(7)/116/ 2008 dated 25-9-2008 inter alia permitting CAs to enter into partnerships with non-CAs.

Reverse Mortgage Scheme, 2008

“reverse mortgage transaction” means a transaction in which the loan may be disbursed to the reverse mortgagor but does not include transaction of sale, or disposal, of the property for settlement of the loan;

Engagement of Counsels to represent I. T. Department Before lTAT, Mumbai

The Central Board of Direct Taxes (CBDT), New Delhi desires to engage Senior Standing Counsels and Junior Standing Counsels for representing l. T. Department before Income Tax Appellate Tribunal, Mumbai, for various reasons. For this purpose, the Chief Commissioner of Income-tax Mumbai ha s been authorised to draw a panel of standing counsels comprising a maximum of two Senior Standing Counsels and two Junior Standing Counsels for each bench. In this regard qualification of counsels has been indicated by the CBDT as under:

C & AG Direct Taxes Audit Report 2008

The Comptroller and Auditor General of India conducts the audit of revenues from direct taxes of the Union Government under section 16 of the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service) Act 1971.

Work allocation – Representation of CIT(DRs) and Sr. DRs. before ITAT

In supersession of earlier instruction on this subject, the Board has decided to lay down the following parameters for allocation of work between the CIT [DRs] and the Sr. DRs. for representation before ITAT.

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