Dispute Resolution Panel allocation under section 144C assigns Bengaluru DRPs jurisdiction over Karnataka, Kerala and Lakshadweep; name-based case split.
Order constituting DRP-I and DRP-II at Bengaluru under section 144C and related rules, assigning territorial jurisdiction comprising Karnataka, Kerala and Lakshadweep. The order assigns cases of eligible assessees with names beginning with letters A-K to DRP-I, Bengaluru. The published table records DRP-II, Bengaluru as having the same territorial jurisdiction but its table entry in the available text does not specify the corresponding name-based letter-range. The order is issued with the approval of the Chairman, CBDT.

Dispute Resolution Panel jurisdiction under income tax law allocates cases by assessee name initials and state for operational efficiency.
Order modifies prior allocation of cases under Section 144C, directing four DRPs in Delhi to exercise powers and perform functions for eligible assessees by specified name initial groupings for NCT of Delhi and by state/region for Uttarakhand, Uttar Pradesh, Rajasthan and the North West Region to distribute workload and ensure efficient DRP functioning.

Suspicious Transaction Report management: mandatory FINNET processing, designated nodal roles, confidentiality and time bound investigation protocols.
Revised SOP mandates online FINNET processing of STRs from FIU IND with designated nodal officers and user registration, prescribes acceptance/decline procedures, maintenance of STR PDFs and an Excel register, and duties for DGsIT/DGIT and DsIT/Addl./Joint DsIT to disseminate, investigate and archive STRs. Investigations must prioritise internal database verification, limit scope of enquiries, tag STRs to prior intelligence, follow timelines (90 days for P1/Category A, 180 days otherwise), and produce mandatory formatted feedback for P1/Category A cases. Exchange of information with FIU IND and foreign FIUs follows nodal routing, approval prerequisites, confidentiality rules and specified archival and reporting obligations.

Work allocation review invites officer inputs to revise instruction governing CsIT (J) duties and internal administrative guidance.
A committee has been constituted to review and recommend modifications to the Instruction on Work Allocation for the Judicial Cadre of Commissioners of Income Tax. Officers are invited to send inputs and suggestions by email to the Member Secretary to inform the committee's appraisal and potential revision of internal guidance on duties and case allocation.

Dispute Resolution Panel constitution: Kolkata panel of three income-tax commissioners appointed to exercise functions under dispute resolution rules.
Order constituting the Dispute Resolution Panel at Kolkata under the Income-tax Act and DRP Rules, 2009, superseding earlier orders. The Panel comprises three named Commissioners of Income-tax with a Reserve Member, who will perform DRP duties alongside their regular responsibilities. The order is effective from 22 September 2014 and issued with the approval of the CBDT Chair; copies were circulated to concerned tax and administrative offices and associations.

Reconstitution of Dispute Resolution Panel appointed under section 144C rules establishes three-member panel and reserve member.
The Central Board of Direct Taxes, under section 144C and the Income-tax (Dispute Resolution Panel) Rules, 2009, constitutes a three-member Dispute Resolution Panel for the Bengaluru jurisdiction with a named reserve member, superseding earlier orders; members will perform DRP duties in addition to regular duties and the constitution takes effect from the date specified in the order.

Extension of due-date for filing returns granted under Section 119 for assessees affected by floods, providing targeted filing relief.
The Central Board of Direct Taxes, exercising powers under Section 119, directs an administrative extension of the due-date for filing income-tax returns for assessees in the State of Jammu & Kashmir affected by heavy rains and floods; the extension applies to taxpayers who were originally liable to file by the earlier statutory cut-off as specified by the explanatory provision to the filing obligation, and departmental dissemination and implementation are instructed.

Invalidity of settlement application: hearing required when the tax officer objects; otherwise proceed to obtain report under Rule 9.
After admission of a settlement application the ITSC must call for a CIT report; if the CIT objects in its report the ITSC must issue notice, hear the CIT and applicant and decide validity within the 15 day window from receipt of the report. If the CIT does not object, objects after the time allowed, or fails to report, the ITSC should proceed with the admission process and call for material under Rule 9.

Retrospective indirect-transfer scrutiny: prior committee approval now required before assessing action, with taxpayer opportunity and directions.
A High Level Committee constituted by the Board will pre-screen all fresh cases invoking the 2012 retrospective amendments on indirect transfer where income is said to arise before 1 April 2012; Assessing Officers must seek the Committee's prior approval, the taxpayer will be afforded an opportunity, the Committee will issue time-bound directions, and will submit periodic reports to the Board.

Manual scrutiny selection criteria require specified categories of tax returns to undergo detailed scrutiny under prescribed procedures.
Instruction No. 06/2014 mandates compulsory manual selection of specified categories of income-tax returns for scrutiny, including cases with confirmed or pending large additions on recurring legal or factual issues, substantial transfer pricing additions, survey-based assessments with disclosures or impounded records, search and seizure related assessments, returns filed after reopening notices, and cases where exemption registrations or approvals are denied yet claimed. It requires parallel CASS selection, completion of all scrutiny assessments through the AST system, and monitoring by senior authorities who must report quality assessment orders for review.

Release of seized assets: retain only amounts needed to meet tax liability after Settlement Commission order, release the remainder.
When a settlement application has been decided by the Income Tax Settlement Commission, seized non cash assets should be reviewed at the time the Commission's order is given effect; only assets sufficient to meet any residual Income tax or Wealth Tax liability after the order should be retained, and the remaining seized assets should be released under the statutory release procedure with the approval of the Commissioner or Chief Commissioner of Income Tax.

TDS/TCS prosecution guidelines clarified: revised prioritisation applies to all pending offences under sections 276B and 276BB.
The revised prosecution prioritisation for offences under sections 276B and 276BB functions as internal criteria for identifying and processing potential prosecution cases and does not change the statutory offence; it applies to all pending cases under those provisions irrespective of procedural stage, including identification, complaint filing and compounding.

Retrospective transfer taxation: prior committee approval required before initiating assessment action on deemed India sourced income.
Where an Assessing Officer considers that income is deemed to accrue or arise in India before the specified date because of retrospective amendments and no assessment, reassessment or section 201 proceeding or notice is pending or issued, the Assessing Officer must seek prior approval of the constituted Committee by reference through the Principal Commissioner or Commissioner and forward a copy of the reference to the assessee; the Committee will examine the proposed action, provide the assessee an opportunity to be heard, decide in writing and convey directions to the Assessing Officer.

Extension of audit report due date: tax audit furnishing under section 44AB extended to 30 November 2014; pre-revised forms accepted.
An order under Section 119 extends the deadline for furnishing the tax audit report required by Section 44AB for assessees not subject to transfer pricing report obligations, shifting the due date from late September to late November; it also clarifies that tax audit reports filed in the earlier part of the year in pre-revised forms will be treated as valid.

Zonal allocation of income-tax administration assigns CBDT members specific regional responsibilities and work arrangements under central board order.
The order prescribes distribution of zonal responsibilities and work arrangements among specified Members of the Central Board of Direct Taxes, superseding the existing order and effective 5 August 2014. It assigns investigation, legal, revenue and appellate functions and specifies the Pr. CCIT zones under each Member's oversight, records substantive and additional charges for Members, and directs circulation to departmental officers, accounts units, staff associations and website publication.

Taxation of alternate investment funds: trustees as representative assessee taxed at maximum marginal rate when beneficiaries unnamed.
Where a trust deed does not name investors or specify beneficial interests, the entire income of an Alternative Investment Fund formed as a non-charitable trust is taxable in the hands of the trustees as Representative Assessee at the Maximum Marginal Rate, and corresponding proceedings need not be pursued against contributors. If beneficiaries and their interests are expressly stated, tax on the fund's whole income, including business profits, is leviable upon the trustees in their representative capacity under the statute.

Administrative direction to accept income-tax returns on weekend with extended counters ensures timely filing by tax offices.
An administrative direction under Section 119 instructs income-tax offices to accept returns of income during normal office hours on specified weekend dates preceding the statutory filing deadline and to make special arrangements, including opening additional receipt counters where required, to facilitate timely filing; the instructions must be given wide publicity and are circulated to administrative and communications units for implementation.

Transfer of technical manpower: allowed for SEZ software units for section 10AA deduction if within prescribed ceiling.
The Circular clarifies that transfer or redeployment of existing technical manpower from an existing unit to a new SEZ unit in the first year of commencement will not be construed as splitting up or reconstruction of an existing business, provided the number of technical manpower so transferred does not exceed twenty percent of the total technical manpower actually engaged in developing software at any point of time in the given year in the new unit.

Deduction under section 80G available for contributions to CM Relief Fund Uttarakhand; PAN provided for claiming.
Contributions to the Chief Minister Relief Fund Uttarakhand qualify for 100% deduction under section 80G(2)(iiihf) of the Income Tax Act; the PAN for the Fund for claim purposes is AAAGM0036M.

Monetary limits for departmental appeals restrict filings to cases where the tax effect justifies pursuing appellate review.
Revision prescribes monetary thresholds limiting departmental appeals: appeals may be filed on merits only where the tax effect exceeds prescribed limits; tax effect is defined as the tax difference attributable to disputed issues (excluding interest unless disputed), computed separately for each assessment year, with composite orders and multi-assessee matters addressed per-year and per-assessee. Non-filing solely for monetary reasons must be recorded and does not imply acquiescence. Exceptions require contesting constitutional, ultra vires, or accepted audit-objection issues regardless of monetary effect.