Text of letter dated 7.2.2012 addressed by Shri. Laxman Das, Chairman, CBDT, to the income-tax department

Laxman Das, Chairman,
Central Board of Direct Taxes,
Department of Revenue,
Ministry of Finance,
North Block,
New Delhi 110001
Dated: 7th February 2012

 

My Dear Chief Commissioners/ Director Generals of lncome Tax (Inv.) and Commissioners/ Directors (International Taxation).

 

I have taken over as Chairman at a time when Revenue Collections seem to be far away from the budget target with less then two months at hand.

 

At this critical juncture, our task as revenue administrators becomes that much more challenging. As senior officers, we have to play a critical role in making all possible efforts to improve the situation. We have to ensure that every Chief Commissioner/ Director General of Income Tax (Inv.) / Commissioner /Director (International Taxation) achieves the budget
target.

 

In this context, all Chief Commissioners (CCA) may please tabulate data in respect of their regions (in the format enclosed) consisting of CCsIT/ DGsIT and CsIT wise revenue collection figures up to 31st Jan, 2012 as against the budget target to be achieved by 31st March, 2012. This data should reach me by 15th February, 2012 by e-mail at the following email id: anuja.cbdt (at) gmail.com

 

Among the parameters of performance in your area, achievement of revenue collection target will obviously be given the highest weightage while writing your APAR by reporting officers and reviewing officers and will also be a major factor while considering placements during AGT 2012.

 

I trust that each of you understands that achieving the budget target is non-negotiable.

 

On my part. I assure you of my absolute support in this regard.

 

I am sure that with your support we will be able to meet our targets.

 

With best wishes.

 

Laxman Das

INSTRUCTION NO. 01/2012 [F.NO.225/34/2011-ITA.II], DATED 2-2-2012

The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considered by the Board. In order to clear backlog of returns, the following decisions have been taken:

(i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. One lac, the TDS claim may be accepted without verification.

(ii) Where there is zero TDS matching, TDS credit shall be allowed only after due verification. However, in case of returns of ITR-1 and ITR-2, credit may be allowed in full, even if there is zero matching, if the total TDS claimed is Rs. Five thousand or lower.

(iii) Where there are TDS claims with invalid TAN, TDS credit for such claims are not to be allowed.

(iv) In all other cases, TDS credit shall be allowed after due verification.

The Ministry of Finance has vide letter dated 23.01.2012 invited applications for appointment to the post of “Income Tax Ombudsman”. The post of “Income Tax Ombudsman” carries a pay scale of Rs.75500-80000. Interested candidates are requested to forward their application by 23.02.2012 indicating their preferred location.

Vide Order No. 1/FT & TR 2012 dated 31.01.2012, the Central Board of Direct Taxes has constituted 10 Dispute Resolution Panels to sit at various locations across the Country.

Vide Order No. 223 of 2012 dated 25.01.2012 the Chief Commissioner of Income-tax (CCA) Kolkota has transferred several officers in the grade of Deputy/ Assistant Commissioners / Directors of Income-tax with immediate effect

Vide Order No. 222 of 2012 dated 25.01.2012 the Chief Commissioner of Income-tax (CCA) Kolkota has transferred several officers in the grade of Additional / Joint Commissioners / Directors of Income-tax with immediate effect

Verification of high value transactions (investments/deposits/expenditure) of persons who are not assessed to income tax

Press Release No. 402/92/2006-MC (03 of 2012), dated 18-1-2012

The Central Board of Direct Taxes has directed the Income Tax department to launch a special drive, from 20th January to 20th March, 2012, for verifying high value transactions (investments/deposits/expenditure) from persons who are not assessed to income tax or who have not furnished their PAN while entering into such transactions. In an instruction issued today, the CBDT issued proforma for query letters and responses to be issued to the high value investors/depositors/spenders.

2. Addressees will be required to furnish their PAN if they already have one, or apply immediately for PAN to NSDL/UTIISL if they do not have one. They will also be required to explain the source of the high value investments/deposits/expenditure, and whether these are properly accounted for/explained in the income tax return filed by them. Persons who have not properly accounted for the high value transactions, are required to pay due taxes and file the income tax return within this financial year, i.e., by 31st March, 2012. For furnishing the information called for, visit to the tax office is not necessary. Information can be sent by speed/registered post.

(more…)

Vide order dated 23.01.2012 passed in pursuance of the consultations of the collegium of the Income Tax Appellate Tribunal consisting of the President and two senior-most Vice Presidents, Shri D K Srivastava, Accountant Member, Income tax Appellate Tribunal, Chandigarh Benches, Chandigarh has been transferred in public interest, in the same capacity to the Income Tax Appellate Tribunal, Rajkot Bench, Rajkot with effect from the forenoon of 6th February 2012.

5 Accountant Members and 8 Judicial Members were administered oath of office on Monday 23.01.2012 in Court Room No 1 in Mumbai by Shri G.E. Veerabhadrappa, Hon’ble President who welcomed them to the ITAT Family. They are

Accountant Members

1. Jason P. Boaz,
2. Tarvinder Singh Kapoor,
3. Anil Chaturvedi,
4. Narendra Kumar Billaiya and
5. Tej Ram Meena

Judicial Members

1. Chandra Mohan Gupta,
2. Saktijit Dey,
3. C.N. Prasad,
4. Amit Shukla,
5. Vikas Awasthy,
6. Satbeer Singh Godara,
7. Kul Bharat
8. Vivek Varma.

We wish the Hon’ble Members good luck in their new postings