Quarterly Report of demands pending for realization after issuance of order by Income Tax Settlement Commission under Section 245D(4) of the I.T. Act, 1961. - Income Tax - F.No. 299/29/2016/Inv.III/1058

F.No. 299/29/2016/Inv.III/1058 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes E-2, ARA Centre, Ground Floor, Jhandewalan Extension, New Delhi. Dated : 28th February, 2017 To All Pr. Chief Commissioners of Income Tax All Director Generals of Income Tax (Inv.) [Except Delhi Mumbai] All Chief Commissioners of Income Tax (Central). Sub : Quarterly Report of demands pending for realization after issuance of order by Income Tax Settlement Commission under Section 245D (4) of the I.T. Act, 1961. Madam/Sir, The undersigned is directed to state that a review meeting on the working of Income Tax Settlement Commission (ITSC) was held on 08.12.2016. During the review meeting, it was inter-alia suggested that the I.T. Department needs to monitor payment of taxes in the cases decided by ITSC. 2. In view of the above, I am directed to state that it has been decided that, henceforth a Quarterly report of demands pending for realization after issuance of order by ITSC under Section 245D (4) of the I.T. Act, 1961 shall be sent to Member (Inv.) latest by 10th of the month following the quarter as per enclosed format (Annexure A). The first report for the quarter Jan.-March, 2017 shall be required to be filed by 10.04.2017. 3. This issues with the approval of Chairperson Member (Inv.), CBDT. Yours faithfully, (Amit Mohan Mittal) Under Secretary to the Govt. of India, CBDT, New Delhi. Tel./Fax : 011-23519409. E-mail : [email protected]. ANNEXURE - A Quarterly report of pending demands after issuance of order by ITSC under section 245D (4) of the I.T. Act, 1961 (For the quarter ending __________) (1) (2) (3) (4) (5) Pr. CCIT/ DGIT (Inv.)/ CCIT (Central) Region Cases where tax demand is pending for realisation consequent to ITSC s order u/s 245D(4), at the beginning of the Quarter Cases where consequent to ITSC s order u/s 245Dtax demands have fallen due for collection during the quarter Cases where tax demand raised consequent to ITSC s order u/s 245D(4) is collected during the quarter Cases where tax demand raised consequent to ITSC s order u/s 245D(4) is pending for realization at the end of the quarter. No. of cases Amount (in Rs. Crore) No. of cases Amount (in Rs. Crore) No. of cases Amount (in Rs. Crore) No. of cases Amount (in Rs. Crore)