The CBDT has vide Circular No.7/2020 dated 4th March, 2020 provided clarification on a number of controversial issues relating to the Direct Tax Vivad se Vishwas Bill, 2020
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Year: 2020
Tax Professionals Strongly Oppose The New Rules For Appointment Of Members Of The ITAT
Leading legal experts like Justice R. V. Easwar (Retd), Shri Arvind Datar and others have expressed strong reservations with regard to the new rules formulated by the Government for the appointment of Members of various Tribunals, including the ITAT. The experts have opined that the rules violate the law laid down by the Supreme Court with regard to maintaining the integrity and independence of the ITAT. They has also pointed that the short tenure of appointment will discourage good professionals from joining the ITAT
Download Official Amendments To The Direct Tax Vivad Se Vishwas Bill, 2020
The CBDT has released the official amendments to the Direct Tax Vivad se Vishwas Bill, 2020, a copy of which is available for download
CBDT Cracks Whip. Warns PCsIT Their Future Prospects Depend On Success Of ‘Vivad Se Vishwas Scheme’
The CBDT has sent a clear message to the Principal Commissioners and their subordinates that the “Vivad se Vishwas” scheme should not be treated in a casual manner by them but that they have to make efforts in the right earnest. It is stated that the performance of officers in respect of the scheme will be specifically commented upon and shall be an important factor in determining their future postings
Tax Professionals Upset At Abrupt Resignation Of Tax Judge During Elevation As Chief Justice
Tax professionals expressed regret at the fact that a forthright and popular judge in the Bombay High Court resigned after being transferred during the process of elevation as Chief Justice of another Court
22 Advocates (Incl Tax Counsel) Designated ‘Senior Advocates’ By Bombay High Court
The Bombay High Court has conferred the prestigious designation of ‘Senior Advocate’ upon 22 advocates in recognition of their contribution to the development of law and justice. The list includes a well know Tax Advocate.
Tax Bar Meets Finance Minister & Offers Valuable Suggestions Reg Finance Bill 2020
First time in the History of Income-tax, Immediately after the presentation of Budget, The Finance Minister with her team Comprising of Hon’ble Finance Secretary, Revenue Secretary, Secretary Expenditure, Chairman CBDT, Chairman CBIC,Secretary Economic Affairs, Chief Commissioners of Income -tax Mumbai and Commissioners of Income tax (Mumbai) have arranged an interactive session with the stake holders including Tax professionals
Download The Direct Tax Vivad se Vishwas Bill, 2020
The Direct Tax Vivad se Vishwas Bill, 2020 is proposed to be introduced for dispute resolution related to direct taxes. The Bill is available for download
33 ITAT Members To Go On Tour (Many Benches May Not Function)
According to an order dated 4th February 2020 issued by Justice P. P. Bhatt, the Hon’ble President of the ITAT, 33 Members are stated to be attending the National Seminar at the National Judicial Academy, Bhopal. The implied consequence of this is that several Benches of the ITAT may not function, or may function in multiple shifts, during the period that the Members are on tour
Download Finance Bill 2020
The Finance Bill 2020 was presented in Parliament today, 1st February 2020. A copy of the same is available for download
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