INCOME TAX APPELLATE TRIBUNAL: DELHI BENCHES, NEW DELHI

Sub: Preparation and submission of Paper Books – regarding.

It is observed that the guidelines issued under the general Circular No F. 70Jd(ATD)/94, on the above subject are not strictly being followed while preparing and submitting the Paper Books………

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OFFICE OF THE COMMISSIONER OF INCOME TAX (JUDICIAL)

No. CIT (J)/HC.WP/2007-08/445 12th November 2007

All the Commissioners of Income-tax,

Mumbai.

Sir,

In the case of a pharmaceutical company, the Assessing Officer reopened the assessment under section 147 of the Income-tax on the basis of an audit objection that addition on account of deferred tax liability should have been made while calculating the took profits under section 115 JB of the Income-tax Act, 1961…..

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NOTIFICATION NO. 271/2007, DATED 7-11-2007

In exercise of the powers conferred by section 295 read with sub-section (2) of section 17 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:

1. These rules may be called the Income-tax (Fourteenth Amendment) Rules, 2007.

2. In the Income-tax Rules, 1962, in rule 3,-

(i) in sub-rule (1), for Table I, the following Table shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2006, namely:-

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