Month: May 2014

Vide Orders dated 29.05.2014 passed pursuant to consultations with the collegium of the ITAT constituting the President and two senior-most Vice Presidents available, the Hon’ble President has transferred 10 Members of the Tribunal with immediate effect in public interest

We are proud to announce that the appointees to the post of Finance Minister, Shri. Arun Jaitley, and the post of Law Minister, Shri. Ravi Shankar Prasad, are eminent senior advocates who are extremely well versed with income-tax law and …

Eminent Tax Advocates Appointed Finance Minister And Law Minister Read More »

A Bill called “The Tribunals, Appellate Tribunals and Other Authorities (Conditions of Service) Bill, 2014” (pdf) has been introduced in the Rajya Sabha. The Bill seeks to regulate the terms of appointment and service of the Members of several Tribunals …

Bill To Appoint ITAT Members For 5 Years Will Destroy Independence Of ITAT Read More »

S. 264 of the Income-tax Act permits the assessee to make an application to the CIT for revision of orders passed by the AO. The CBDT has issued Instruction No. 11/2014 dated 16.05.2014 stating that there shall be administrative supervision of such revision orders passed by the CIT u/s 264. Guidelines have been laid down which have to be complied with by the CIT

The CBDT has vide Order No. 71 of 2014 dated 19.05.2014 ordered the posting of eleven officers in the grade of Commissioner/ Director of Income-tax with immediate effect and until further orders

The CBDT has vide Order No. 69 of 2014 dated 16.05.2014 ordered the postings of 47 officers of the grade of Commissioner/ Director of Income-tax. Vide another Order No. 70 of 2014 dated 16.05.2014 the CBDT has ordered the posting of 148 officers promoted to the grade of Joint Commissioners/ Joint Directors of Income-tax

There will be a change in the constitution of the Tax Bench of the Bombay High Court w.e.f. 09.06.2014

The Income-tax department has, probably in response to the repeated strictures passed by the Courts, appointed 23 advocates to its panel in the Bombay High Court so as to enable better representation of its matters. There are 14 advocates designated as “Senior Standing Counsel” and 9 advocates designated as “Junior Standing Counsel”.

The CBDT has announced the setting up of a “National Judicial Reference System” (NJRS). The NJRS comprises of two components, the “Appeals repository and Management System” and the “Judicial Research and Reference System”.