Instruction No: 20/2003 Issue of Appellate Order Within 15 days of Last Hearing The Board has given serious consideration to the delay in passing/issue of the appellate orders by the Commissioner of Income Tax (Appeals), much after the last day of the hearing/receipt of written submission. This results in hardship to the assessee and hampers in smooth interface with assessee.
In partial modification of earlier instructions on the subject, the Board have revised the prescribed monetary ceilings for write-off of irrecoverable dues of Direct Taxes by the various income-tax authorities. At the same time, the Board have reviewed and modified the existing structure of the Committees for recommending write-off. The revised procedure in this regard would be as follows:
F.No.B. 11/1/2002-TRU Government of India Ministry of Finance Department of Revenue 1st August, 2002 Subject: Tax on 10 New Services to be effective from 2002- Instructions regarding. Kindly refer to section 149 of the Finance Act, 2002 (20 of 2002) which, inter-alia, provides for the levy of service tax on 10 new services. 2. It […]
I am directed to say that with the imposition of Service Tax on 15 new services with effect from 16.07.2001, heads of accounts for collection/ receipts/ refunds in relation to the following 15 services have been introduced by the Principal Chief Controller of Accounts, C.B.E.C.. The same are listed herein below as Annexure – I. The Serial Codes and SCCD codes allotted have been mentioned against each new Heads of Accounts.
Central Board of Direct Taxes has Issued/Guidelines/Instruction No. 1916 Dated 11th May, 1994 In the Matter of Seizure of Jewellery, Which Reads as follows: Instances of seizure of jewellery of small quantity in the course of operation under section 132 have come to the notice of the Board. The question of a common approach to […]
I am directed to refer to Boards letter F.No. 208/61/92-CX.6, dated 04/041996, whereby the Boards Circular No. 15/90-CX. 6, dated 09/08/1990 was modified so as to enhance the monetary limit for launching prosecution from Rs. 1 lakh To Rs. 5 lakhs.
It has been observed that in some cases, difficulty was being experienced to execute judgements delivered by various Courts in favour of the Department as banks are not prepared to honour their guarantees and pay up in terms of bank guarantees unless certified copies of the Court”s judgements are made available to them
F. No 208/122/89-CX.6 dated 13.10.1989 Complaints have been received from the trade that in some of the Collectorates summons under Section 14 of the Central Excises and Salt Act, 1944 are being issued to the Managing Directors and other high officers with a view to enforce recovery of dues which are under dispute.
The question whether a particular assessee is a trader in shares or the shares are held as capital assets sometimes gives rise to disputes and litigation. Over the years the courts have laid down the various tests or factors to be taken into account in determining this question.
The provisions of Sections 144-A and 144-B of the Income-tax Act have come into force with effect from 1st January 1976. Instructions explaining the legal provisions contained in these sections have been issued already in Board’s Instruction No.907, dated the 24th December 1975. The following further instructions are issued prescribing the work-procedures, the non-statutory forms of the letters to be issued and the registers to be maintained, and the proformae of the periodical statements to be furnished to the Board.
