The CBDT has issued a directive dated 24.05.2019 by which it has stipulated the budgetary target for the financial year 2019-20. The Budget target for each cadre-controlling Pr. CClT has been fixed keeping in view the revenue potential of the Region. The CCsIT have been directed to allocate the targets to the field units keeping in view the past performance and revenue potential of different charges
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CBDT Circular Of Clarification Regarding Definition Of “Fund Manager” U/s 9A(4)(b)
The CBDT has issued Circular No. 8 dated 10.05.2019 by which it has provided clarification regarding definition of “Fund Manager” under Section 9A(4)(b) of the Income-tax Act, 1961
CBDT Order Appointing 164 Officers As Assistant Commissioner of Income Tax (ACIT)
The CBDT has vide Office Order No. 114 of 2019 dated 16.05.2019 stated that the President has appointed several officers in the grade of Assistant Commissioner of Income Tax (ACIT) against the vacancy year 2014-15 in Level-10 of the Pay Matrix Rs. 56100-177500/- on regular basis with immediate effect or until further order on in situ basis
Transfers Of Hon’ble Members Of The ITAT (May 2019)
Pursuant to an order dated 17th May 2019 issued by the President, four Accountant Members and two Judicial Members have been transferred in public interest with effect from 31st May 2019
ITAT Benches To Not Sit In Summer Vacation
Pursuant to a resolution by the Standing Committee, the Assistant Registrar of the ITAT has issued an order dated 15th May 2019 stipulating the “Bench non-sitting days” in the ITAT. Different dates have been specified for different Benches.
Supreme Court Collegium Recommends Elevation Of Tax Judge As Chief Justice
The Supreme Court Collegium has passed a resolution dated 10th May 2019 recommending that a Tax Judge of the Bombay High Court be appointed as Chief Justice of the Madhya Pradesh High Court
CBDT Directs Dedication Of Fortnight To Clear Pendency Of Appeal Effect & Rectification
The CBDT has issued a directive dated 13th May, 2019 stipulating the dedication of a fortnight for clearing pendency of Appeal Effect and Rectification and for redressing public grievance
CBDT Order Of Postings Of Pr Chief Commissioner of Income Tax
The CBDT has vide Office Order No. 110 of 2019 dated 13.05.2019 ordered the postings of Pr Chief Commissioners of Income Tax. The CBDT has also vide Office Order No. 111 of 2019 dated 13.05.2019 specified the additional charge to be held by other high-ranking officers
Change In Constitution Of Bombay High Court’s Tax Bench w.e.f. 03.06.2019
There will be a change in constitution Of Bombay High Court’s Tax Bench w.e.f. 03.06.2019. The revised constitution is as follows
ITAT Members Appointed To NCLT
The Appointments Committee of the Cabinet has approved the appointment of several candidates to the posts of Judicial Member and Technical Member in the National Company Law Tribunal (NCLT). Amongst the appointees are two serving Members of the ITAT. There are also several retired judges, Chartered Accountants and officials of the department in the list
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