Vide Order dated 7.11.2012 it has been directed that Shri. G. E. Veerabhadrappa, Vice President, Mumbai, (on long leave) is transferred in the same capacity as Vice President, Kolkota Zone in public interest. He shall take charge at Kolkota upon expiry of his leave period
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Constitution Of The Bombay High Court’s Tax Bench w.e.f. 19.11.2012
Constitution Of The Bombay High Court’s Tax Bench w.e.f. 19.11.2012
List Of Potential Promotees To The Post Of Commissioner Of Income-tax
The CBDT has vide letter dated 2.11.2012 released a list of officers who are being considered for promotion to the grade of Commissioner of Income-tax on regular basis for the vacancy in the year 2012-2013
Vacancy in posts of “Income Tax Ombudsman” (October 2012)
The Ministry of Finance has vide letter dated 16.10.2012 invited applications for appointment to the post of “Income Tax Ombudsman”. There are posts of “Income Tax Ombudsman” at 12 stations, namely, New Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Pune, Lucknow, Chandigarh, Bhopal and Kochi and some of the posts will fall vacant during the period 1.10.2012 to 31.3.2013. The post of “Income Tax Ombudsman” carries a pay scale of Rs.75500-80000. Interested candidates are requested to forward their application by 30.11.2012 indicating their preferred location
CBDT Hauls Up CIT(A)s For “Mounting Pendency” & “Tardy Disposal” Of Appeals
The CBDT has addressed a letter dated 25.10.2012 to the Chief Commissioners of Income-tax in which it has expressed “serious concern” over the “mounting pendency of appeals before CIT(A) and huge amounts disputed therein“. It has been pointed out that the average disposal per CIT(A) in FY 2011-12 was only 312 appeals
Income-tax Department Seeks To End Corruption
The Income-tax Department is conducting a “Vigilance Awareness Week” from 29.10.2012 to 3.11.2012 in order to “sensitize its officials to the need for improving quality of public service rendered and mitigating the potential area of corruption“. An interactive session will be held on 2.11.2012 at 3.00 pm to understand the “potential areas of corruption” and how to mitigate them. The ITAT Bar Association has been requested to depute its representatives to participate in the said interactive session
Eminent Senior Advocate & Tax Expert Is Law Minister
We are pleased to announce that eminent senior advocate Shri Ashwani Kumar has been appointed the Law Minister of India. Shri. Ashwani Kumar is well versed with income-tax matters and has appeared in several landmark matters such as Topman Exports vs. CIT 247 CTR (SC) 353 & Vikas Kalra vs. CIT 247 CTR (SC) 382 (DEPB & s. 80HHC). He has also been a member of the consultative committee for the Ministry of Finance and is well aware of the problems facing income-tax assessees
Download “Tax Accounting Standards” Issued By The CBDT
Pursuant to s. 145 (1) of the Income-tax Act, 1961 which provides that “Profits and gains of business or profession” & “Income from other sources” shall be computed in accordance with Accounting Standards notified by the Central Government, the CBDT had set up a high-powered committee to draft the Accounting Standards. The Committee has prepared the said “Tax Accounting Standards” and invited comments from all professionals by 26.11.2012
Transfers of Hon’ble ITAT Members (October 2012)
Vide order passed in pursuance of the consultations of the collegiums of the Income Tax Appellate Tribunal, consisting of the President and two senior-most Vice Presidents, the following transfers have been ordered with effect from 5th November 2012
Transfers & Postings Of Additional/ Joint Commissioners of Income-tax
Vide Order No. 194 of 2012 dated 18.10.2012 the CBDT has ordered the transfers/ postings of officers in the grade of Additional/ Joint Commissioner of Income-tax with immediate effect
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