TaxTMI 
TaxTMI 
Review meeting taken by the FM on the working of ITSC on 24.10.2013- Material for preparing a brief for the follow up meeting
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....t Taxes New Delhi, the 26th November 2013 Sub : Review meeting taken by the FM on the working of ITSC on 24.10.2013 - Material for preparing a brief for the follow up meeting With reference to the communication of the Under Secretary, Department of Revenue vide F.No. A-Q21016/14/2013-Ad IC(AAR) dated 19.11.2013, the undersigned is directed to furnish the following inputs of the CBDT indic....
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....DR) as against the two sanctioned posts. The single DR is not able to cope up with the work load to effectively. represent the cases before the Bench. In order to ensure effective representation, the matter of posting of one more CIT(DR) to Mumbai Bench has been taken up with the Member (P&V) and the Chairperson CBDT 2. No adjournment to be sought: by the CIT. Directions to be issued for sub....
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....against orders u/s 245D(2C) on the basis of lack of full and true disclosure in the application, the FM directed Member(lnv) that before filing Writ by the Department, he may be informed. Directions in this regard have been issued on 26.11.2013 to all the CCsIT (CCA), CCslT(C)/DGsIT(lnv) under intimation to the zonal Members 5. Suggestion to amend Rule 44CA to provide forwarding of the wh....
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....ions filed by the companies Not applicable for the CBDT 8. Huge adjustments in transfer pricing cases being made by the Department. Amount of such adjustments in 2012-13 exceeded Rs. 70,000 crore. ITSC requested that some Benches should be designated to hear transfer pricing adjustment cases expeditiously so that the demand could be collected. FM directed that a note may be submitted to h....