The CBDT has issued Circular No. 3/2015 dated 12.02.2015 in which it has issued a clarification regarding the expression “amounts not deductible” under section 40(a)(i) of the Income-tax Act, 1961. The CBDT has referred to its earlier Instruction No. 02/2014 dated 26.02.2014 and clarified that for the purpose of making disallowance of “other sum chargeable” under section 40(a)(i) of the Act, the appropriate portion of the sum which is chargeable to tax under the Act shall form the basis of such disallowance and shall be the same as determined by the AO having jurisdiction for the purpose of section 195(1) of the Act
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Year: 2015
CBDT Circular On Non-Chargeability Of Interest U/s 234A On S. A. Tax
The CBDT has issued Circular No. 2/2015 dated 10.02.2015 on the issue of chargeability of interest u/s 234A of the Income-tax Act, 1961 on self-assessment tax paid before the due date of filing the return of income. The CBDT has …
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Transfers Of Hon’ble Vice Presidents Of The ITAT
Vide Order dated 02.02.2015 passed by the Hon’ble President of the ITAT, Hon’ble Shri. G. D. Agrawal, Vice President of the Delhi Bench has been transferred in the same capacity to the Ahmedabad Bench. He will also hold additional charge of the Lucknow and Bangalore Zones until further orders. Vide the same order, Hon’ble Shri. G. C. Gupta, Vice President of the Ahmedabad Bench has been transferred in the same capacity to the Delhi Bench with immediate effect
CBDT Lays Down Procedure For Launching Prosecution For TDS/ TCS Default
The CBDT has issued a document titled “Standard Operating Procedure For Prosecution In Cases Of TDS/ TCS Default“. The SOP sets out in a systematic manner the procedure for identification of cases of TDS/ TCS default, the procedure for launching prosecution and the time frame for completing the entire process. The role of the different TDS authorities in addressing the issue of prosecution and compounding of TDS cases is also set out in detail
CBDT Order On Promotion Of CsIT And DsIT To Principal CsIT
Vide Order No. 15 of 2015 dated 30.01.2015 the CBDT has promoted several officers in the grade of Commissioner of Income-tax and Director of Income-tax to the grade of Principal Commissioner of Income-tax in the HAG scale (Rs. 67,000-79,000) with immediate effect and actually from the date of resumption of charge of the post and until further orders
CBEC Bars Abuse Of Law By AO By Routine Summons To Top Corporate Brass
The CBEC has issued a sternly worded letter dated 20.01.2015 pointing out that the field formations are issuing summons to top senior officials in a routine manner to call for documents and enforce recovery of disputed dues. To prevent the abuse of this power, the CBEC has directed that the summons should not be issued except with the written approval of senior officials of the department. It has also been directed that senior executives should generally not be summoned in the first instance. It has been made clear that there should be strict compliance of the instructions and that non observance of the instructions will be viewed seriously.
Function To Felicitate Hon’ble Chief Justice S. J. Vazifdar, P&H High Court
The ITAT Bar Association had the privilege of felicitating Hon’ble Justice Shiavax Vazifdar on his elevation as Chief Justice of the P&H High Court. The function was attended by several Hon’ble Members of the ITAT and also by the distinguished members of the Bar. A few photographs taken on the momentous occasion are available
CBDT Order On Transfers And Postings Of CsIT And DsIT
Vide Order No. 5 of 2015 dated 05.01.2015, the CBDT has ordered the transfer/ posting (local changes) of several officers in the grade of Commissioner of Income-tax and Director of Income-tax with immediate effect and until further orders
CBDT Creates Standard Operating Procedure For TDS Credit Mechanism
The CBDT has issued a document setting out the “Standard Operating Procedure” (SOP) for adminstering TDS credit by the CPC-TDS. The SOP deals with the following issues in great detail
CBDT Directs Holding Of ‘Public Meeting Days’ To Resolve Grievances Of Public
The CBDT has issued an Office Memorandum dated 06.01.2014 stating that as part of the Prime Minster’s ‘Good Governance Day’ promise to provide an “open and accountable administration” it has been decided to observe ‘Public Meeting Day’ during 10.00 am …
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