TMI BlogClarification in respect of Circular No.5/2010 – F. No. 142/13/2010 –SO (TPL) dated 03.06.2010- regarding.X X X X Extracts X X X X X X X X Extracts X X X X ..... 13/2010 SO (TPL) dated 03.06.2010- regarding. Section 144C , providing for reference to Dispute Resolution Panel (DRP), was inserted in the Income-tax Act, 1961 by Finance (No.2) Act, 2009 . Sub-section (1) of section 144C reads as under: "The Assessing Officer shall, notwithstanding anything to the contrary contained in this Act, in the first instance, forward a draft of the proposed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Panel Rules have been notified by S.O. No. 2958 (E) dated 20th November, 2009 ." In the above extracted Para 45.5 there has been an inadvertent error in stating the applicability of the provisions of section 144C inserted vide Finance (No.2) Act, 2009 that amendments will apply in relation to the assessment year 2010-11 and subsequent assessment years. Accordingly, para 45.5 is replaced ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 013-TPL [Ashis Mohanty] Under Secretary [Tax Policy Legislation-IV] Copy to :- 1. PS to FM/OSD to FM/OSD to MoS(R). 2. PS to Secretary (Revenue)/OSD to Advisor to FM. 3. The Chairperson, Members and all other officers in CBDT of the rank of Under Secretary and above. 4. All Chief Commissioners/Director General of Income-tax with a request to circulate amongst all officers ..... X X X X Extracts X X X X X X X X Extracts X X X X
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