The post of Income ‘Tax Ombudsman is in the HAG Pay Scale of Rs. 75500-80000/-. Therefore, it is requested that names of suitable officers fulfilling the eligibility criteria mentioned in the Income Tax Ombudsman Guidelines, 2010 (copy enclosed) indicating their preferred locations may be sent by 29.04.2011 to enable selection of Income ‘fax Ombudsmen. In case no preference of locations is indicated, it would be presumed that he/she is willing to be posted in any of the locations, The applications received after the clue dale will not be considered and ate liable to be rejected. The nominations should be accompanied with Cadre clearance, History of postings, Vigilance clearance and ACR dossiers.
Acting on a specific intelligence, the DRI officers of Siliguri under Kolkata Zonal Unit had effected a seizure of Red sanders wood weighing 6110 kg. valued at Rs. 61.10 lakhs from a truck bearing registration no. HR-55F-4435 on 03.04.2011 at Ghoshpukur, Dist-Darjeeling, W.B. The logs of 6110 kg of red sanders wood, recovered from the truck were kept concealed under 272 pcs. of Indian style sanitary pans & 960 pcs. of small pipes. The 6110 kg. of red sanders wood, 272 pcs. of Indian style sanitary pan, 960 pcs. of small pipes and the carrier truck were seized under section 110 of the Customs Act, 1962 on reasonable belief that the said goods were meant for illegal export to Nepal through unauthorised route. Total seizure value of the case is Rs. 69.94 lakh. Two drivers of the said truck involved in carrying the red sanders wood knowingly, were arrested. Further investigation is in progress.
Vide Order No. 54 of 2001 dated 31.3.2011, the CBDT has announced the promotion of Commissioners & Directors of Income-tax as Chief Commissioners and the posting & transfer of the Chief Commissioners & Director Generals of Income-tax. Copy of order is attached below for your reference. Order No. 54 of 2001 related to Promotion, Posting & Transfer Of Chief Commissioners of Income-tax & DGs
As you are aware, the Point of Taxation Rules (PTR) were formulated vide Notification No.18/2011-ST dated 01.03.2011. Based on the feedback, certain amendments are being carried out in these rules vide Notification No. 25/2011-ST dated 31.03.2011. The highlights of the changes are discussed in the following paragraphs. 2. While the rules shall come into force from 01.04.2011, an option has been given in rule 9 to pay tax on payment basis, as at present, till 30.06.2011. 3. Rule 3 has been amended to provide that the point of taxation shall be as follows: (a) Date of invoice or payment, whichever is earlier, if the invoice is issued within the prescribed period of 14 days from the date of completion of the provision of service.
INSTRUCTION No. 5/2011 [F.No. 225/61/2011-IT(A-II)], dated 30-3-2011- The Hon’ble Supreme Court has made the following observations in an order dated 12-8-2010 in the case of CIT, Delhi v. Bharti Cellular Ltd. [2010] 193 Taxman 97 (SC): “We are directing CBDT to issue directions to all its Officers, that in such cases, the Department need not proceed only by the contracts placed before the officers. With the emergence of our country as one of the BRIC countries and with the technological advancement matters such as present one will keep on recurring and hence time has come when Department should examine technical experts so that the matters could be disposed of expeditiously and further it would enable the appellate Forums, including this Court, to decide legal issues based on the factual foundation. We do not know the constraints of the Department but time has come when the Department should understand that when the case involves revenue running into crores, technical evidence would help the Tribunals and courts to decide matters expeditiously based on factual foundation.”
ORDER NO. 3/FT&TR/2011 [F. NO. 500/15/2011-FTD-I], DATED 31-3-2011. In partial modification of Order No. 1/FT&TR/2011, dated 12th January, 2011 and in exercise of powers conferred under section 144C of the Income-tax Act, 1961, the Board hereby constitutes the Dispute Resolution Panel (DRP) comprising of three Commissioners of Income-tax/Director of Income-tax as Members of DRP at the places given below, who shall perform such duties in addition to their regular duties with effect from 1-4-2011 and until further order:–
ORDER NO. 58 OF 2011- The following postings and transfers of officers in the grade of Commissioners/Directors of Income Tax are hereby ordered with immediate effect and until further orders:-‘
Notification No. 17/2011 – Income Tax [F.NO. 203/16/2009/IT (A-II)], DATED 1-4-2011 – Income-tax : Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions- It is hereby notified for general information that the organization Physical Research Laboratory, Ahmedabad, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with rules 5C and 5D of the Income-tax Rules, 1962 (said Rules) with effect from 1-4-2003 to 31-3-2008 in the category of ‘scientific research association’ subject to the following conditions, namely:–
Notification No 27/2011–Service Tax -By Notification No. 19/2009 dated 07.07.2009, service provided by one scheduled bank to another scheduled bank in relation to interbank transactions of purchase and sale of foreign currency, was exempted. Now this exemption is available to any bank, including a bank located outside India, or money changer.
Notification No. 26/2011–Service Tax- In case of continuous supply of service, every person providing such taxable service shall issue an invoice, bill or challan, as the case may be, within fourteen days of the date when each event specified in the contract, which requires the service receiver to make any payment to service provider, is completed
