Vide letter dated 14.06.2012, the CBDT has intimated the names of IRS officers of the rank of Commissioners of Income-tax who have been selected for a 5 week advanced mid-career training on “Corporate Taxation and Advocacy Skills” which includes 2 weeks of international training in the USA

Vide letter dated 13.06.2012, the CBDT has intimated the names of IRS officers of the rank of Addl. CIT and Joint CIT who have been selected for a 5 week advanced mid-career training on “investigation & IT” which includes 2 weeks of international training in the USA

Vide Circular No. 3 of 2012 dated 12.06.2012 a supplementary Memorandum explaining the official amendments moved in the Finance Bill 2012 as reflected in the Finance Act, 2012 has been issued

Vide Order No. 118 of 2012 dated 21.06.2012, the CBDT has transferred and posted several officers in the grade pf Deputy & Assistant Commissioners of Income-tax

The UK Government has stated that it is strongly committed to tackling tax avoidance. For this purpose, it has today (12.06.2012) launched a formal consultation on a new general anti-abuse rule (GAAR) to tackle artificial and abusive tax avoidance schemes. This follows the Budget 2012 announcement that such a rule will be introduced in 2013. GAAR is expected to deter artificial tax avoidance schemes and contribute to providing a more level playing field for business. The Discussion paper is very relevant from the Indian context because the Indian law on GAAR is also broadly based on the UK law

Vide Order No. 113 of 2012 dated 7.6.2012 the CBDT has transferred and posted officers in the grade of Chief Commissioners of Income-tax & Director Generals of Income-tax with immediate effect

Vide Orders dated 107 and 108 dated 6.6.2012 the CBDT has transferred and posted officers in the grade of Additional & Joint Commissioners of Income-tax in the Directorate of International Taxation & Transfer Pricing

OECD’s Discussion Papers On Transfer Pricing

Vide Order No. 106 of 2012 dated 6.6.2012, the CBDT has transferred/ posted several officers in the grade of Deputy & Assistant Commissioners of Income-tax with immediate effect

Vide Order No. 105 of 2012 dated 6.6.2012, the CBDT has transferred & posted several officers in the Advance Pricing Arrangement (APA) Team in the office of the DGIT (International Taxation) with immediate effect