Pursuant to the severe strictures passed by the Courts in CIT vs. Sairang Developers (Bom High Court) and ITO vs. Growel Energy Co. Ltd (ITAT Mumbai) regarding the mindless manner in which appeals are filed by the department, without regard to the harassment caused to the taxpayers, the CBDT has issued an Office Memorandum dated 17.07.2014 by which a Committee to study the appellate orders to examine the filing of appeals by the department has been set up
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CBDT Revises Monetary Limit For Filing Appeals To ITAT, High Court And SC
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Posted in All Information, ITAT related, Others, Supreme Court/High Court related
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The CBDT has issued Instruction No 5/2014 dated 10.07.2014 whereby, with a view to reducing litigation, the monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court, have been upwardly revised
Download Finance (No. 2) Bill 2014 With Explanatory Memorandum
The Finance (No. 2) Bill 2014, as introduced in the Lok Sabha today, 10.07.2014, together with the Memorandum explaining the provisions of the Bill, is available for download
CBDT Order Transferring Principal Chief Commissioners/ Director Generals
The CBDT has vide Order No. 98 of 2014 dated 08.07.2014 ordered the postings and transfers of several officers in the grade of Principal Chief Commissioner/ Principal Director General of Income-tax and Chief Commissioners/ Director Generals of Income-tax with immediate effect and until further orders
High Court Notice Requesting Details Of Pending Appeals On Deemed Dividend Issue
All members are kindly requested to provide the details of the appeals pending before the Hon’ble Bombay High Court where the issue involved is similar to ACIT vs Bhaumik (P) Ltd (2009) 118 ITD 1 (SB)(Mumbai) or CIT vs Universal Medicare (P) Ltd. (2011) 324 ITR 263 (Bom) as the Bench presided over by Hon’ble Justice Shri S.C. Dharmadikari and Hon’ble Justice Shri B.P Colabawalla is pleased to direct the registry to place all such appeals on board on the Friday the 4th July 2014. The matters would appear on the supplementary board to be published on Thursday, 3rd July, 2014. The details be provided to the staff of the lTAT Bar Association Library by Wednesday, 2nd July, 2014. The appeals pending for admission may be disposed of finally at the stage of admission and appeals which are admitted may be disposed of finally
ITAT Notice Inviting Objections For Weeding Out Old Appeal Records
The Assistant Registrar of the ITAT has issued a notice dated 25.06.2014 inviting objections, if any, from the assessees and the department with respect to the weeding out of old records
Bombay High Court Tax Bench Schedule For Hearing Tax Matters
IT IS HEREBY notified for the information of the Advocates and the parties appearing in-person that w.e.f. Monday, 23 June 2014, the Division Bench presided over by Hon’ble Shri Justice S.C.Dharmadhikari will take up the matters as under:
Download First Report Of The Tax Administration Reform Commission
One of the important recommendations is that the department should treat the taxpayer as a “customer” and have “customer focus” in its attitude, which is totally lacking at present. One of the important “fault lines” identified by the TARC is that there is extreme “risk aversion” amongst the officials with the result that it leads to infructuous tax demands and the filing of frivolous appeals. The TARC has also come down strongly on the rude and arbitrary behaviour of officers and their total lack of accountability. It has noted with regret that taxpayers are totally helplessness against such an attitude and this leads to non-compliance of tax laws
Transfers Of Hon’ble Members Of The ITAT (May 2014)
Vide Orders dated 29.05.2014 passed pursuant to consultations with the collegium of the ITAT constituting the President and two senior-most Vice Presidents available, the Hon’ble President has transferred 10 Members of the Tribunal with immediate effect in public interest
Eminent Tax Advocates Appointed Finance Minister And Law Minister
We are proud to announce that the appointees to the post of Finance Minister, Shri. Arun Jaitley, and the post of Law Minister, Shri. Ravi Shankar Prasad, are eminent senior advocates who are extremely well versed with income-tax law and …
Eminent Tax Advocates Appointed Finance Minister And Law Minister Read More »
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