Year: 2012

Vide Order No. 131 dated 26.06.2012 the CBDT has transferred and posted several officers in the grade of Additional/ Joint Commissioners of Income-tax with immediate effect

The Ministry of Finance has issued a Notification No. 25/2012 dated 20.6.2012 exempting services provided by an individual as an advocate or a partnership firm of advocates by way of legal services to, (i) an advocate or partnership firm of advocates providing legal services; (ii) any person other than a business entity; or (iii) a business entity with a turnover up to rupees ten lakh in the preceding financial year

The CBDT has issued a letter dated 20.6.2012 listing out the names of the Income Tax Officers who are in the zone of consideration for being promoted to the post of Assistant Commissioners of Income-tax

The Hon’ble Finance Minister has approved a scheme of awards to Officers and Staff of the Income Tax department who render exceptional meritorious service and display outstanding devotion to duty

Vide letter dated 21.06.2012, the CBDT has released a list of Deputy Commissioners of Income-tax who are being considered for promotion to the grade of Joint Commissioner of Income-tax on ad-hoc basis

Vide order passed in pursuance of the consultations of the collegiums of the Income Tax Appellate Tribunal, consisting of the President and two senior-most Vice Presidents, Shri Naresh K Saini, Accountant Member, Income Tax Appellate Tribunal, Bangalore Benches, Bangalore has been transferred in public interest, in the same capacity to the Income Tax Appellate Tribunal, Jodhpur Benches, Jodhpur with immediate effect

In the category of cases where based on the figure of arrear demand uploaded by the Assessing Officer but disputed by the assessee, the Centralized Processing Center (CPC), Bengaluru has already adjusted any refund arising out of processing of return, the jurisdictional Assessing Officer shall verify the claim of the assessee on merits. After due verification of any such claim on merits, the Assessing Officer shall issue refund of the excess amount, if any, so adjusted by CPC due to inaccurate figures of arrear demand uploaded by the Assessing Officer. The Assessing Officer, in appropriate cases, will also upload amended figure of arrear demand on the Financial Accounting System (FAS) portal of Centralized Processing Center (CPC), Bengaluru wherever there is balance outstanding arrear demand still remaining after aforesaid correction/ reconciliation

Vide letter dated 20.06.2012, the CBDT has released a list of officers who are being considered for promotion to the grade of Chief Commissioner of Income-tax

Vide Order No. 126 of 2012 dated 20.6.2012 the CBDT has informed that the President has ordered that several IRS officers in the grade of Assistant Commissioners of Income-tax be promoted to the grade of Deputy Commissioners of Income-tax

Vide Order No. 5/FT&TR/2012 dated 20.06.2012, the CBDT has reconstituted the Dispute Resolution Panel at Mumbai & Delhi with immediate effect