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of <h1>Income Tax Settlement Commission Directives: Expediting Cases, Prohibiting Adjournments, and Amending Rule 44CA for Better Disclosures</h1> The circular addresses a review meeting on Income Tax Settlement Commission (ITSC) operations. Key directives include expediting hearings for pending cases, prohibiting adjournments by CIT, vacating Supreme Court stay orders, informing higher authorities before filing writs, and amending Rule 44CA to improve disclosure requirements. The CBDT's responses to each directive, including issuing instructions to relevant tax authorities and requesting amendments to tax rules. It also addresses transfer pricing cases with adjustments exceeding Rs. 70,000 crore in 2012-13 and notes disparities between CBDT and ITSC members' pay scales.
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