Year: 2019

Pursuant to a resolution by the Standing Committee, the Assistant Registrar of the ITAT has issued an order dated 15th May 2019 stipulating the “Bench non-sitting days” in the ITAT. Different dates have been specified for different Benches.

The Supreme Court Collegium has passed a resolution dated 10th May 2019 recommending that a Tax Judge of the Bombay High Court be appointed as Chief Justice of the Madhya Pradesh High Court

The CBDT has issued a directive dated 13th May, 2019 stipulating the dedication of a fortnight for clearing pendency of Appeal Effect and Rectification and for redressing public grievance

The CBDT has vide Office Order No. 110 of 2019 dated 13.05.2019 ordered the postings of Pr Chief Commissioners of Income Tax. The CBDT has also vide Office Order No. 111 of 2019 dated 13.05.2019 specified the additional charge to be held by other high-ranking officers

There will be a change in constitution Of Bombay High Court’s Tax Bench w.e.f. 03.06.2019. The revised constitution is as follows

The Appointments Committee of the Cabinet has approved the appointment of several candidates to the posts of Judicial Member and Technical Member in the National Company Law Tribunal (NCLT). Amongst the appointees are two serving Members of the ITAT. There are also several retired judges, Chartered Accountants and officials of the department in the list

In view of the the significance of issues relating to attribution of profits to a permanent establishment as well as the need to bring greater clarity and predictability in the applicable tax regime, the CBDT had formed a Committee to examine the existing scheme of profit attribution to PE under Article 7 of DTAAs and recommend changes in Rule 10 of the Income-tax Rules, 1962. The Committee has now submitted its report. The CBDT has sought suggestions/comments of the stakeholders and the general public on the report

The CBDT is known to be a law unto itself. No amount of strictures from the Courts has any impact on it. Now, it has come into the bad books of the Election Commission with the latter expressing “deep sense of anguish” about the “casual and trivial” approach of the CBDT. The EC has expressed its “extreme displeasure” at the “Stark violation of established protocol

The CBDT has released a ‘Central Action Plan’ for the first Quarter i.e. (April 2019 to June 2019) of the FY 2019-20. The Plan has set out in clear terms the ‘Key Result Areas’ that all AOs and CsIT(A) are expected to accomplish. Specific targets with regard to the completion of assessments, audit objections, recovery of arrears, disposal of appeals are set out

The CBDT has issued Circular No. 7 of 2019 dated 8th April 2019 by which it has exercised its powers u//s 119 of the Act and extended the period for furnishing the report u/s 286(4) of the Act read with Rule 10DB(4) of the Rules.