Vide Order No.2/FT&TR/2014 dated 13.08.2014, the CBDT has changed the constitution of the DRP at Mumbai and Pune

Vide Order No. 127 dated 14.08.2014 the CBDT has stated that the president has appointed several officers of India Revenue Service (Income Tax) to the grade of Joint Commissioner of Income Tax purely on Ad-hoc basis in the PR-3 Rs. 15,600-39,100 with GP Rs.7,600/- with effect from assumption of charge for a period not exceeding one year

The Finance (No. 2) Act 2014, as assented by the Hon’ble President on 6th August, 2014 and as published in the Official Gazette, is available for download

Shri. K. V. Chowdary, the newly appointed Chairman of the CBDT, has addressed a letter dated 01.08.2014 to the income-tax department in which he has pointed out that one of the immediate challenging task is reaching the ‘not so easy‘ target for Revenue collection without undue harassment and high handedness. He has emphasized that the department has to improve its image and become a “friendly, professional, non adversarial and competent organization focused on Revenue collection, tax payers services and ensuring strict compliance with direct tax laws”

The CBDT has vide Order No. 116 of 2014 dated 30.07.2014 ordered the transfers and postings of several officers in the grade of Additional/ Joint Commissioners of Income-tax with immediate effect

The CBDT has vide Order No. 112 of 2014 dated 24.07.2014 ordered the transfers and postings of several officers in the grade of Additional/ Joint Commissioners of Income-tax with immediate effect. We wish all the officers good luck in their …

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The CBDT has issued an order dated 24.07.2014 u/s 119 of the Income-tax Act, 1961 with regard to the filing of income-tax returns by the due date of 31.07.2014 and the making of special arrangements for that purpose

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

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