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 …

CBDT Order For Transfers Of Addl/ Joint Commissioners Of Income-tax Read More »

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

Vide Order dated 18.07.2014 passed pursuant to consultations with the collegium of the ITAT constituting the President and two senior-most Vice Presidents available, Shri Abraham P. George, Accountant Member, has been transferred from ITAT, Kolkata Benches to ITAT, Bangalore Benches and Shri Joginder Singh, Judicial Member, has been transferred from ITAT, Indore Bench to ITAT, Mumbai Benches. Both transfers are in public interest and with immediate effect

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 CBDT has issued Instruction No 5/2014 dated 10.07.2014 whereby, with a view to reducing litigation, the monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court, have been upwardly revised

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

The CBDT has vide Order No. 98 of 2014 dated 08.07.2014 ordered the postings and transfers of several officers in the grade of Principal Chief Commissioner/ Principal Director General of Income-tax and Chief Commissioners/ Director Generals of Income-tax with immediate effect and until further orders

All members are kindly requested to provide the details of the appeals pending before the Hon’ble Bombay High Court where the issue involved is similar to ACIT vs Bhaumik (P) Ltd (2009) 118 ITD 1 (SB)(Mumbai) or CIT vs Universal Medicare (P) Ltd. (2011) 324 ITR 263 (Bom) as the Bench presided over by Hon’ble Justice Shri S.C. Dharmadikari and Hon’ble Justice Shri B.P Colabawalla is pleased to direct the registry to place all such appeals on board on the Friday the 4th July 2014. The matters would appear on the supplementary board to be published on Thursday, 3rd July, 2014. The details be provided to the staff of the lTAT Bar Association Library by Wednesday, 2nd July, 2014. The appeals pending for admission may be disposed of finally at the stage of admission and appeals which are admitted may be disposed of finally

The Assistant Registrar of the ITAT has issued a notice dated 25.06.2014 inviting objections, if any, from the assessees and the department with respect to the weeding out of old records

IT IS HEREBY notified for the information of the Advocates and the parties appearing in-person that w.e.f. Monday, 23 June 2014, the Division Bench presided over by Hon’ble Shri Justice S.C.Dharmadhikari will take up the matters as under: