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
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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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Important Appointment, Transfer Orders Etc From CBDT
Important Appointment, Transfer Orders Etc From CBDT
CBDT Guidelines For Compounding Of Offences Under Direct Tax Laws
The CBDT has issued a letter dated 23.12.2014 setting out the guidelines for compounding of offences under Direct Tax Laws. The guidelines shall come into effect from 01.01.2015 and shall be applicable to all applications for compounding received on or after the aforesaid date. The Guidelines classify offences into two parts and set out the criteria for compounding of offences under each category. The procedure to be adopted for making the compounding application and the manner in which they should be dealt with is also explained in detail.
Change In Bombay High Court’s Tax Bench Constitution w.e.f 05.01.2015
HIGH COURT, ORIGINAL SIDE, BOMBAY Sitting List w.e.f. 5th January 2015
Can We Afford To Be Unaware Of FEMA, NR Tax, LLP And Allied Laws?
This is where AIFTP’s latest publication “Basic questions and answer on Foreign Exchange Management Act – Non-Resident Taxation – Limited Liability Partnership – Allied Laws – Report of Foreign Bank and Financial Accounts” comes to our rescue. The publication is edited by eminent professionals, Shri. Dilip J. Thakkar, Chartered Accountant & Dr. K. Shivaram, Senior Advocate. Between them, the two stalwarts have decades of experience on the problems businessmen face when setting up operations in India
CAG Report Exposes Shocking Carelessness And Blunders By CAs
The Comproller & Auditor General of India (CAG) has issued a report No. 32 of 2014 setting out the results of the performance audit of “Appreciation of Third Party (Chartered Accountant) Certification in Assessment Proceedings of the Department of Revenue”.
Do Not Coerce Taxpayers To Admit Undisclosed Income: CBDT To AOs
The CBDT has issued a letter dated 18.12.2014 pointing out that instances/complaints of undue influence/coercion have come to notice of the CBDT that some assessees were coerced to admit undisclosed income during Searches/Surveys opriducted by the Department. It is pointed out that that many such admissions are retracted in the subsequent proceedings since the same are not backed by credible evidence. Such actions defeat the very purpose of Search/Survey operations as they fail to bring the undisclosed income to tax in a sustainable manner leave alone levy of penalty or launching of prosecution
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