Shri. K. V. Chowdary, the newly appointed Chairman of the CBDT, has addressed a letter dated 01.08.2014 to the income-tax department in which he has pointed out that one of the immediate challenging task is reaching the ‘not so easy‘ target for Revenue collection without undue harassment and high handedness. He has emphasized that the department has to improve its image and become a “friendly, professional, non adversarial and competent organization focused on Revenue collection, tax payers services and ensuring strict compliance with direct tax laws”
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Year: 2014
CBDT Order For Transfers Of Addl/ Joint Commissioners Of Income-tax
The CBDT has vide Order No. 116 of 2014 dated 30.07.2014 ordered the transfers and postings of several officers in the grade of Additional/ Joint Commissioners of Income-tax with immediate effect
CBDT Order For Transfers Of Addl/ Joint Commissioners Of Income-tax
The CBDT has vide Order No. 112 of 2014 dated 24.07.2014 ordered the transfers and postings of several officers in the grade of Additional/ Joint Commissioners of Income-tax with immediate effect. We wish all the officers good luck in their …
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CBDT Order U/s 119(1) Of The Income-tax Act, 1961
The CBDT has issued an order dated 24.07.2014 u/s 119 of the Income-tax Act, 1961 with regard to the filing of income-tax returns by the due date of 31.07.2014 and the making of special arrangements for that purpose
Transfers Of Hon’ble Members Of The ITAT (July 2014)
Vide Order dated 18.07.2014 passed pursuant to consultations with the collegium of the ITAT constituting the President and two senior-most Vice Presidents available, Shri Abraham P. George, Accountant Member, has been transferred from ITAT, Kolkata Benches to ITAT, Bangalore Benches and Shri Joginder Singh, Judicial Member, has been transferred from ITAT, Indore Bench to ITAT, Mumbai Benches. Both transfers are in public interest and with immediate effect
CBDT Stung By Judicial Strictures – Sets Up Committee To Study Filing Of Appeals
Pursuant to the severe strictures passed by the Courts in CIT vs. Sairang Developers (Bom High Court) and ITO vs. Growel Energy Co. Ltd (ITAT Mumbai) regarding the mindless manner in which appeals are filed by the department, without regard to the harassment caused to the taxpayers, the CBDT has issued an Office Memorandum dated 17.07.2014 by which a Committee to study the appellate orders to examine the filing of appeals by the department has been set up
CBDT Revises Monetary Limit For Filing Appeals To ITAT, High Court And SC
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The CBDT has issued Instruction No 5/2014 dated 10.07.2014 whereby, with a view to reducing litigation, the monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court, have been upwardly revised
Download Finance (No. 2) Bill 2014 With Explanatory Memorandum
The Finance (No. 2) Bill 2014, as introduced in the Lok Sabha today, 10.07.2014, together with the Memorandum explaining the provisions of the Bill, is available for download
CBDT Order Transferring Principal Chief Commissioners/ Director Generals
The CBDT has vide Order No. 98 of 2014 dated 08.07.2014 ordered the postings and transfers of several officers in the grade of Principal Chief Commissioner/ Principal Director General of Income-tax and Chief Commissioners/ Director Generals of Income-tax with immediate effect and until further orders
High Court Notice Requesting Details Of Pending Appeals On Deemed Dividend Issue
All members are kindly requested to provide the details of the appeals pending before the Hon’ble Bombay High Court where the issue involved is similar to ACIT vs Bhaumik (P) Ltd (2009) 118 ITD 1 (SB)(Mumbai) or CIT vs Universal Medicare (P) Ltd. (2011) 324 ITR 263 (Bom) as the Bench presided over by Hon’ble Justice Shri S.C. Dharmadikari and Hon’ble Justice Shri B.P Colabawalla is pleased to direct the registry to place all such appeals on board on the Friday the 4th July 2014. The matters would appear on the supplementary board to be published on Thursday, 3rd July, 2014. The details be provided to the staff of the lTAT Bar Association Library by Wednesday, 2nd July, 2014. The appeals pending for admission may be disposed of finally at the stage of admission and appeals which are admitted may be disposed of finally
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