In partial modification of Order No. 4/FT & TR 2011 dated 23.05.2011, the Central Board of Direct Taxes has revised the constitution of the Dispute Resolution Panels w.e.f. 24.08.2011

Transfers of CITs & DITs to Transfer Pricing & International Taxation

We honour the Stalwarts of Tax on their “Golden Jubilee”!

Vide Order No 141 of 2011 dated 10.8.2011 the CBDT has transferred and posted several Chief Commissioners of Income-tax & Director Generals of Income-tax with immediate effect

The CBDT has released a list dated 29.07.2011 of 49 candidates being considered for promotion to the post of Chief Commissioner of Income-tax

Download The report dated 27th July 2011 by Karnataka Lokayukta Santosh Hegde which exposes the illegal mining carried out in the State of Karnataka. The report claims that Rules were flouted, government officials bribed and private companies and banks too participated in this loot, throwing to winds all norms of corporate governance and propriety. The report says that the State has lost revenue of about Rs. 16,085 crores

CBDT’s Tax Arrear Recovery Strategy For AY 2011-12

CBDT Circular on s. 281 Prior Permission For Transfer of Assets

Representations requesting clarification on “completion of service” as provided under the Point of Taxation Rules, 2011 and Service Tax Rules, 1994 have been received from certain sections of service providers that in many situations it is not possible to issue invoices within 14 days of the completion of the service since the exact date of completion of service is difficult to identify. Instances have been given where after the task of providing the service may be physically accomplished, but certain other formalities are required to be completed from the client’s end before an invoice can be issued

Vide Order No 122 of 2011 dated 15.7.2011 the CBDT has transferred and posted Deputy / Assistant Commissioners of Income-tax with immediate effect