Author: editor

The Department of Revenue, Ministry of Finance has, vide office order Nos. 299 to 303, all dated 8.11.2011 notified the appointments of Ombudsman at Bangaluru, Ahmedabad, Mumbai, Lucknow and New Delhi.

The Moot Court Association of Government Law College organized The Nani Palkhivala National Tax Moot Court Competition (8th Edition) in association with the All India Federation of Tax Practitioners (AIFTP) and the Income Tax Appellate Tribunal Bar Association. The Moot was held from 13th – 15th October, 2011 and was dedicated to 150 years of the Bombay High Court. The competition saw participation from 26 of India’s best law schools. The final round of arguments were presided over by Hon’ble Mr. Justice Mohit S. Shah, Chief Justice, Bombay High Court, Hon’ble Dr. Justice D. Y. Chandrachud and Hon’ble Mr. Justice R. M. Savant, Judges, Bombay High Court

The OECD Committee on Fiscal Affairs has proposed important and far-reaching changes to the Commentary on Article 5 (Permanent Establishment) of the OECD Model Tax Convention

The Australian Tax Office has issued a Consultation Paper to discuss proposed changes to the Transfer Pricing Rules. Broadly, the changes are intended to align the law to the “Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations” issued by OECD in 2010 and other international law. From an Indian law perspective, the issues discussed in the Consultation Paper will have important bearing because similar issues arise in the Indian law as well.

What came as a pleasant surprise was the compliment paid by the prestigious journal that the ITAT “stands as a major influence in the approach to the practice, with tax payers all over the world using the numerous decisions as bench marks for their own documentation and transfer pricing strategy

The Rules Committee of the Income Tax Appellate Tribunal intends to suggest amendments to the Income-Tax Appellate Tribunal Rules, 1963. For this, views and suggestions from our Association have been sought. We therefore, request members to send their views and suggestions on any aspect of the Rules, on or before 14.11.2011

Vide Order No 176 of 2011 dated 28.10.2011 the CBDT has transferred and posted Commissioners & Directors of Income-tax with immediate effect

Vide Order No 175 of 2011 dated 27.10.2011 the CBDT has announced that the President has appointed several IRS officers as Joint Commissioners of Income-tax with immediate effect

Vide Order No 174 of 2011 dated 24.10.2011 the CBDT has promoted, transferred and posted several Chief Commissioners of Income-tax with immediate effect

We are pleased to announce that Hon’ble Shri. G. E. Veerabhadrappa has been appointed the officiating President of the Income Tax Appellate Tribunal with effect from 14.10.2011