The new terms of reference are -- faceless and anonymised scrutiny, mechanism for system based cross verification of the financial transactions, reduction in litigation and expeditious disposal of appeals before the CIT (Appeals), ITAT (Income Tax Appellate Tribunal
), High Courts and Supreme Court, reduction of compliance burden by simplification of procedures, and sharing of information between GST, Customs, CBDT and FIU (Financial Intelligence Unit), according to a government notification issued on Wednesday.
New Delhi: Sushmita Sen, former Miss Universe and Bollywood actor, has got a huge relief from the Income Tax Appellate Tribunal
PST official sources with request of anonymity said that senior bureaucrats do not like to service in the PST because they were not paid judicial allowances as the superior courts, civil and sessions courts, Federal Services Tribunal, Sindh Services Tribunal, Balochistan Services Tribunal and Income Tax Appellate Tribunal
pay judicial allowances to their judges and staff.
A case in point is the Income Tax Appellate Tribunal
(ITAT), which celebrated its 75th anniversary in 2016.
The Income Tax Appellate Tribunal
( ITAT) had in December stayed the ` 3,700 crore tax claim by the I- T Department on Vodafone India in the transfer- pricing dispute.
Chief Guest Jawaid Masood Tahir Bhatti, Chairman, Income Tax Appellate Tribunal
on the occasion informed the audience that several litigations find taxation law very technical and hard to handle.
Summary: The Income Tax Appellate Tribunal
of Mumbai recently ruled that fund manager's fee paid by an individual cannot be deducted while calculating capital gains from investments made through PMS for tax purposes.
In addition, the Prime Minister will dedicate the Income Tax Appellate Tribunal
Terminal at Bengaluru to the nation.
New Delhi: Former Miss Universe and Bollywood actor Sushmita Sen has got a huge relief from the Income Tax Appellate Tribunal
Judges and staff of superior courts, civil and sessions courts, Federal Services Tribunal, Sindh Services Tribunal, Balochistan Services Tribunal and Income Tax Appellate Tribunal
were getting the judicial allowance.