Vide letter dated 20.06.2012, the CBDT has released a list of officers who are being considered for promotion to the grade of Chief Commissioner of Income-tax
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Promotion Of Assistant Commissioners To Deputy Commissioners Of Income-tax
Vide Order No. 126 of 2012 dated 20.6.2012 the CBDT has informed that the President has ordered that several IRS officers in the grade of Assistant Commissioners of Income-tax be promoted to the grade of Deputy Commissioners of Income-tax
Change In Constitution Of Dispute Resolution Panel (DRP) In Mumbai & Delhi
Vide Order No. 5/FT&TR/2012 dated 20.06.2012, the CBDT has reconstituted the Dispute Resolution Panel at Mumbai & Delhi with immediate effect
How To Tackle Offshore Tax Evasion: OECD Report
The OECD has issued a report pointing out that corporate vehicles continue to play a part in a wide range of illicit activities, including tax fraud and evasion, money laundering, bribery, corruption and terrorist financing. Their misuse primarily lies in the way they are exploited, particularly in secrecy jurisdictions, to hide the identity of the beneficial owners and controllers of assets and the parties to illicit transactions
No TDS u/s 194J On Payments For Software Purchase: CBDT Notification
The CBDT has issued a Notification dated 13.06.2012 notifying that no deduction of tax shall be made u/s 194J on certain specified payments by a person for acquisition of software from another person. A pdf copy of the Notification is available for download
Commissioners of Income-tax Selected For Foreign Training In USA
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
Transfer of Hon’ble ITAT Member (June 2012)
Vide order dated 11.6.2012 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, Shri Satbeer Singh Godara, Judicial Members, Income Tax Appellate Tribunal, Mumbai Benches, Mumbai is hereby transferred in public interest, in the same capacity to the Income Tax Appellate Tribunal, Chennai Benches, Chennai with effect from the forenoon of 18th June, 2012
Addl. CITs & Joint CITs Selected For Foreign Training In 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
Supplementary Memorandum To Amendments To Finance Bill 2012
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
Transfers Of Deputy & Assistant Commissioners of Income-tax
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
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