Month: January 2020

It was reported in December 2019 that the Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Legal Affairs for appointment of three officers to the posts of Vice-President in the Income Tax Appellate Tribunal (ITAT). The posting orders of the said three Vice-Presidents is as follows

We are pleased to report that the Supreme Court Collegium, in its meeting held on 22nd January, 2020, has approved the proposal for elevation of an Advocate as Judge of the Bombay High Court

Hon’ble Income tax Appellate Tribunal in the case of Cleared Secured Services Pvt. Ltd. vs. Dy CIT SA No. 337/Mum/2019 in ITA No. 7302/Mum/2018 dated January 20, 2020 where an application for extension of stay of demand application is pending, and the department conducted the survey and attached the bank accounts, though the matter was heard and decision was awaited, the Hon’ble Tribunal heard the matter in the afternoon and same day passed the order restraining the revenue from further action. The Tribunal strongly condemned the revenue’s undue haste in recovering the demand

The ITAT has issued a directive dated 15th January 2020 setting out the schedule of Bench non-sitting days during the period January to December 2020. The non-sitting days are on account of the Summer, Diwali and Winter holidays. The dates have been finalized in the light of consultation with the Zonal Vice Presidents

There will be a change in constitution Of Bombay High Court’s Tax Bench w.e.f. 20.01.2010. The revised constitution is as follows

The CBDT has issued a comprehensive circular bearing no. 4/2020 dated 16th January 2020 in which the entire law and procedure relating to TDS u/s 192 from salaries has been explained

The CBDT has vide Office Memorandum dated 03.01.2020 reconstituted the CASS Committee under the Chairmanship of Director General of Income Tax (Risk Assessment). The terms of reference for the CASS Committee are also stated and include analysis of suggestions received from field authorities, recommendation of modification or removal of existing rules, recommending changes in Income Tax Returns, Income Tax Forms, third Party information etc., to enable effective scrutiny selection

The CBDT has vide Circular No. 1/2020 dated 03.01.2020 extended the time limit for filing of applications for compounding of offenses under the Income-tax Act, 1961. The extension has been granted with a view to give a final opportunity to taxpayers and to reduce the pendency of existing prosecution cases before the courts

The CBDT has vide letter dated 31.12.2019 invited public consultation on the proposal for amendment of Income-tax Rules 1962, to insert new rule 29BA and Form 15E, to give effect to the amendment in section 195 of the Income-tax Act , 1961 (the Act) vide Finance (No.2) Act 2019

The CBDT has issued a directive to the Principal Chief Commissioners and Director Generals of Income Tax that all measures should be taken to get pending CPGRAMS grievances expeditiously disposed of and to ensure that there are no grievances pending for more than 90 days in their Region/ Charge