Resolved that in view of the good offices of Hon’ble the Vice President of the Income Tax Appellate Tribunal, Ahmedabad Zone, Shri G.C. Gupta and in view of the written request of Shri Garodia for request transfer from Ahmedabad addressed to the Hon’ble President, Income Tax Appellate Tribunal, the resolution dated 19.04.2013 of the Income Tax Appellate Tribunal Bar Association shall be kept on hold till further notice and the members of our Association will start appearing before all Benches of the Hon’ble Income Tax Appellate Tribunal at Ahmedabad from 08.05.2013 (Wednesday)
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Year: 2013
Resolve Arrears Demand Grievances In Transparent Manner: CBDT Directive
The CBDT has addressed a letter dated 29.04.2013 to the CCITs in which it has emphasized the need for focused attention for a pro-active approach towards recovery of arrear demand. It is pointed out that some of the demands uploaded are incorrect or non-existent leading to grievances and aberrations. The CCITs have been directed to observe “Demand Management Month” from 25.04.2013 to 24.05.2013 and appoint a Nodal Officer of the rank of JCIT to address the grievances of the tax payers. It is emphasized that the aim should be to crystallize the arrear demand at a realistic level after resolving the grievances in a transparent manner and that the progress must be visible and apparent instead of being ceremonial. The CCITs have been directed to provide information as per the proforma to demonstrate the progress in resolution of assessee’s grievances as well as discrepancies existing in the demand figures
Amendments To The Finance Bill 2013 As Passed By The Lok Sabha
The Finance Bill 2013 has been passed by the Lok Sabha today (30.04.2013) after incorporating several important amendments. Among the important amendments is the proposed insertion of sub-section (3) to s. 252 to provide that the Central Government may inter alia appoint a person who is a sitting or retired Judge of a High Court as the President of the Tribunal
Applications Invited For Appointment To Posts Of Member of ITAT
Vide Circular dated 17.04.2013, the Ministry of Law & Justice has invited applications for appointment to the posts of Judicial & Accountant Member of the Income Tax Appellate Tribunal. There are 20 vacancies for the post of Judicial Member and 28 vacancies for the post of Accountant Member. The posts belong to General Central Services Group ‘A’ (Gazetted) and carry a pay-scale of Rs.75,500- 3% Annual Increment- 80,000/- plus other allowances as admissible under the extant rules. The posts are temporary at present, but are likely to continue. The applications have to be sent by 14.06.2013
Income Tax Officers Selected For Appointment As Assistant Commissioners
Vide letter dated 27.04.2013 the CBDT has informed the names of several Income Tax Officers who are to be appointed in the grade of Assistant Commissioner of Income-tax (ACIT) in the pay scale of Rs. 15,600 – 39,100 (plus grade pay of Rs. 5,400 in Pay Band -3)
Posting Of Probationer Assistant Commissioners Of Income-tax
Vide Order No. 71 of 2013 dated 25.04.2013, the CBDT has posted several Assistant Commissioners of Income-tax (probationers) in the Pay Scale of Rs. 15,600-39,100 (Plus Grade pay of Rs. 5,400 in PB-3), on completion of training at National Academy of Direct Taxes, Nagpur in the Region of CCIT(CCA)/Station/Charge indicated against each with immediate effect and until further orders
Resolution Passed By The ITAT Bar Association, Ahmedabad
RESOLVED THAT considering the conduct of Shri A. K. Garodia, the Accountant Member of ITAT Bench at Ahmedabad, it was found that on account of his consistent gross, rude, arbitrary and outrageous behavior with all members of the Bar appearing before him and his doubtful integrity and unethical standards, the committee decided to boycott the Bench consisting of Shri A. K. Garodia from Monday i.e 22nd April 2013 indefinitely, and information of this Resolution is given to the members of the Association through Email as well as SMS with request that all members will observe the boycott of the Bench
Controversies In Assessment: Income-tax Dept Publication
The Income-tax department has released a publication titled “A Step Ahead – A compilation on contentious issues in assessments”. The publication is authored by top-notch senior IRS officers who have a good grasp on the theoretical and practical aspects of making an assessment. It identifies 19 important provisions in the Act which are the subject matter of most additions and disallowances and explains them thoroughly. The provisions of the Act have been explained in a simple and easy to understand manner and a reference has been made to the prevailing controversies and most of the latest important judgements. The book uses an objective approach and advises Assessing Officers on the facts that they have to focus on in order to make a sustainable assessment
ICAI Guidance Note on Report u/s 92E of the I. T. Act, 1961 (Transfer Pricing)
The Institute of Chartered Accountants of India (ICAI) has recently released a Guidance Note on Report Under Section 92E of the Income Tax Act, 1961 (Transfer Pricing). The Guidance Note is very comprehensive and incorporates the significant amendments made by the the Finance Act, 2012 such as the definition of International Transaction, Advance Pricing Agreement (APA), Amendments relating to Penalties, etc. It explains all the important concepts in a clear and easy-to-understand manner
Constitution Of The Bombay High Court’s Tax Bench w.e.f. 08.04.2013
Constitution Of The Bombay High Court’s Tax Bench w.e.f. 08.04.2013
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