Dispute Resolution Panel jurisdiction reassigned by assessee name initials under Section 144C, effective November reallocation.
Allocation of jurisdiction among Dispute Resolution Panels in Mumbai is revised under Section 144C of the Income-tax Act to designate which DRP will exercise powers and perform functions for eligible assessees based on the initial letter of the assessee's name. The order lists four Mumbai DRPs and assigns specific alphabetic ranges to each DRP, with the reallocation effective from 1 November 2014, to address workload and efficient functioning of the panels.

Constitution of Dispute Resolution Panel establishes DRP IV Mumbai with appointed members and reserve, effective November first.
The Central Board of Direct Taxes, exercising powers under the Income tax Act and the Income tax (Dispute Resolution Panel) Rules, 2009, constitutes Dispute Resolution Panel IV, Mumbai, comprising three specified Commissioners of Income tax as Members and a specified Reserve Member. Members will perform Panel duties in addition to their regular duties. The order is effective from 1 November 2014 and issued with the approval of the Chairman of the Board.

Non-filer monitoring: authorities directed to identify and call for returns where high-income taxpayers failed to file.
The Directorate identifies taxpayers who previously filed e-returns with high returned income or significant self-assessment tax but have not filed returns for AY 2014-15, and places a compiled list on the i-taxnet portal (Resources Downloads). Principal Chief Commissioners and Commissioners are directed to personally monitor these non-filer cases and ensure steps are taken to call for and secure the missing returns as a revenue-augmentation measure.

Income estimation for fish farming: uniform per-acre benchmarks set by committee, treated as net income with limited deductions.
Where inland fresh water fish farmers do not maintain books under section 44AA, income from fish culture may be estimated on a per-acre water spread basis using uniform benchmarks set by a Committee of two Commissioners and two fish-farmer representatives with State agency inputs; such estimates are to be treated as net income with no further deductions under sections 30-38 when prescribed benchmarks are applied.

Confidentiality of tax information: clarify treaty privacy protections and limited disclosure only upon prima facie evidence of wrongdoing.
Government seeks clarification that treaty commitments to confidentiality of tax information remain permissible; that the right to privacy prevents disclosure of treaty-obtained tax information unless prima facie wrongdoing is shown via a complaint enabling prosecution in a competent court; and that information quoted in public court proceedings becomes public and may be accessed by other agencies or disclosed at the court's discretion.

Extension of TDS/TCS filing deadline for deductors and collectors in affected states due to natural calamities.
The Central Board of Direct Taxes ordered an extension of the filing deadline for TDS/TCS quarterly statements for deductors and collectors in Andhra Pradesh, Jammu & Kashmir, Odisha and Telangana due to recent natural calamities. The order distinguishes government deductors/collectors mapped to a valid AIN, who receive a short additional period beyond the original deadline, from other deductors/collectors, who are granted a separate extended deadline to file second-quarter statements for the financial year.

Extension of TDS/TCS filing deadline grants additional time for affected deductors and collectors to submit quarterly statements.
An administrative order extends the due dates for filing second-quarter TDS/TCS statements for deductors/collectors in Andhra Pradesh, Jammu & Kashmir, Odisha and Telangana due to natural calamities, providing differentiated short extensions for government deductors/collectors mapped to a valid Accounts Officer Identification Number and for other deductors/collectors, without changing substantive tax liabilities.

Withholding tax concession for foreign-currency long-term bonds: qualifying issues complying with FEMA and RBI conditions receive Central Government approval.
Concessional withholding under Section 194LC is available for long term bond issues by Indian companies that comply with FEMA borrowing regulations, have an RBI Loan Registration Number, and possess an original maturity of at least three years. The Central Government approves such bond issues and the applicable interest rate is any rate within the RBI's all-in-cost ceilings relevant to the bond's tenure. Approval avoids case-by-case clearances and existing approvals for loan agreements are extended to the revised concluding eligibility date.

Refund address update promptly enables displaced taxpayers to secure cheque delivery and expedited refund processing.
Taxpayers affected by flood related dislocation may secure cheque delivery and facilitate expedited processing of refunds by updating their mailing address on the e filing portal (Profile Setting My Profile Address) or by contacting the Centralised Processing Centre helpdesk to furnish an updated address for refund cheques.

Deduction under section 10A/10AA: transfer of technical manpower to new SEZ unit allowed if within prescribed limits.
Clarification prescribes that transfer or re-deployment of technical manpower into a new SEZ unit will not amount to splitting up or reconstruction for claiming deduction under sections 10A/10AA if transfers do not exceed a prescribed proportion of the SEZ unit's technical workforce at year-end, or alternatively if the assessee can demonstrate equivalent net additions of technical manpower across its units; the assessee may elect either route and the circular applies only to software and IT-enabled service SEZ units and is not retrospective.

Standard Operating Procedure for settlement commission proceedings directs dissemination and compliance by income tax authorities.
Standard Operating Procedure for proceedings under s. 245D(2C) directs all Benches of the Income Tax Settlement Commission to follow prescribed procedural steps; the Board transmits the SOP to Principal Chief Commissioners, Directors General (Investigation) and Chief Commissioners (Central) and directs that it be brought to the notice of all income tax authorities within their administrative regions for compliance.

Extension of TDS/TCS deposit deadline due to holidays, allowing deposit without consequential interest while returns deadline remains unchanged.
The Central Board of Direct Taxes administratively extended the last date for deposit of TDS/TCS attributable to September 2014 by three days, allowing remittance without consequential interest due to consecutive festive and weekend holidays; the due date for filing second quarter TDS/TCS statements remains unchanged.

Conversion of survey into search: inform the investigation directorate when substantial undisclosed cash or valuables are detected to consider search.
Directive requiring prompt intimation to the territorial Investigation Directorate when undisclosed cash or other valuables found during surveys meet or exceed prescribed thresholds, so that the Directorate may examine conversion of the survey into a search and seizure operation; below-threshold discoveries are to be considered by the Commissioner on a case-by-case basis.

Manual issuance of notices under section 143(2) required where CPC-recommended cases cannot be system-served; consider section 147 action.
Where CPC-recommended cases for scrutiny cannot be served with system-generated notices, Assessing Officers must issue manual notices under section 143(2), this instruction serving as administrative approval and pending ITD flagging; if service fails despite best efforts, the CPC-flagged issue should be examined for action under section 147.

Renaming of Dispute Resolution Panel: Bengaluru DRP re designated as DRP I with retrospective administrative effect by central tax authority.
The DRP originally constituted at Bengaluru is re designated as DRP I, Bengaluru, with effect from the date of the subsequent constitution; this administrative order implements a reorganization of panel nomenclature for departmental records and processing of assigned matters.

Scope of scrutiny limited to reported third-party mismatches; broader probes require prior written approval and monitoring.
Instruction limits scrutiny in cases selected under Computer Aided Scrutiny Selection for AIR/CIB/26AS mismatches to verification of the specific point(s) forming the basis of selection; questionnaires and notices should be confined to those aspects, proceedings completed expeditiously, and broader comprehensive scrutiny permitted only where potential income escapement crosses prescribed monetary thresholds with prior written approval and subsequent monitoring.

Due date for return filing extended for taxpayers requiring tax audit, aligning deadline with tax audit filing; interest unaffected.
The Board, exercising powers under section 119, extended the due-date for furnishing return of income for assessment year 2014-15 to align with the extended tax audit filing deadline for assessees required to obtain and furnish a tax audit under section 44AB (including working partners). Tax audit reports filed in pre-revised forms between 01.04.2014 and 24.07.2014 are valid. The extension does not affect liability for interest under Explanation 1 to section 234A, and assessees not subject to tax audit retain the original return due date.

Dispute Resolution Panel constituted under the Income-tax Act appointing three commissioner members with a reserve and assigned DRP duties.
The Central Board of Direct Taxes, invoking the Income-tax Act and the Income-tax (Dispute Resolution Panel) Rules, constitutes a Dispute Resolution Panel at Mumbai by appointing three Commissioners of Income-tax as members and designating a Reserve Member in accordance with the Rules; the members are to perform DRP duties in addition to regular duties and the order is effective from the stated date with the Chairman's approval.

Dispute Resolution Panel constitution establishes DRP-II Bengaluru with three members and a reserve member to handle tax disputes.
Constitution of DRP-II, Bengaluru under section 144C and the Income-tax (Dispute Resolution Panel) Rules: a three-member Dispute Resolution Panel with a reserve member is appointed, comprising specified Commissioners of Income-tax who will perform DRP duties in addition to their regular functions; the order supersedes earlier constituting orders and is effective from the date of issue.

Dispute Resolution Panel constitution under section 144C appoints members and a reserve to operationalize the DRP mechanism.
The CBDT constituting Dispute Resolution Panel IV at Delhi under section 144C of the Income tax Act appoints three Commissioners of Income tax as Members and one as Reserve Member pursuant to the Income tax (Dispute Resolution Panel) Rules, 2009; panel duties are additional to regular duties and the order takes effect from the stated commencement date with Board approval.