Income Tax

Group Assessment and Peer Review System Before Assessment-Reconstitution of Committee to study the feasibility of recommendations-CBDT

Group Assessment and Peer Review System Before Assessment-Reconstitution of Committee to study the feasibility of recommendations-CBDT

F. No. 225/246/2014-ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi dated 15th November,  2016

OFFICE MEMORANDUM

Subject: Reconstitution of Committee to study the feasibility of the recommendations regarding Group Assessment and System of Peer Review Before Assessment -Reg

On 10th September 2015, Board had constituted a 5-member Committee to examine the fea­ sibility of recommendations of TARC regarding Group Assessment and System of Peer Review before Assessment. Sh. V.K. Saxena, Pr.CIT was nominated as Committee In-charge. The said Committee presented its report before full Board on gth May, 2016 wherein the Committee was directed to re­ examine certain more issues as indicated in minutes of Board Meeting vide F.No.396/9/2016-ITCC (meeting No.6/2016) dated 13.05.2016.

2. Subsequently, V.K. Saxena has been appointed as CVO, Power Grid Corporation of India Ltd., Gurgaon.

3. Therefore, for purpose of completion of the mandate of the Committee, Board has decided that Sh. K. Sinha CIT (Coord. & Systems), CBDT, Delhi, being the next senior most Officer in the Committee shall discharge the responsibilities as Committee In-charge.

4. The Committee is requested to finalize its recommendations within one month of issue of this order and submit its report to Member (IT), CBDT.

5. This issues with the approval of the Chairman, CBDT

(Neeraj Gupta)
DCIT-OSD(ITA-II)

Share

Recent Posts

  • Income Tax

In denovo assessment , AO to apply independent mind without influenced by remarks

Once PCIT restores assessment to AO for denovo consideration, AO is obliged to independently apply mind without influenced by the…

22 hours ago
  • Income Tax

Stock items of different value cannot be taken as basis for computing stock position

When value of items traded differs it cannot be taken as basis for computing the stock position specially when quantitative…

23 hours ago
  • bankruptcy

Revision of the area of jurisdiction of the DRATs, Kolkata

Revision of the area of jurisdiction of the Debts Recovery Appellate Tribunals (DRATs) Kolkata In exercise of the powers conferred…

23 hours ago
  • Income Tax

Non-compete fee held as allowable revenue expenditure u/s 37(1) of IT Act – Supreme Court

Payment made by the assessee as non-compete fee was an allowable revenue expenditure under Section 37(1) of the Act –Supreme…

2 days ago
  • Income Tax

Deduction of interest on borrowed funds invested in sister concern for acquiring controlling interest allowed

Assessee is entitled to claim deduction of interest on borrowed funds invested in sister concern for acquiring controlling interest -…

2 days ago
  • ICAI

ICAI notifies next ISA Course Assessment Test to be held on 7th February 2026

ICAI has notified that next ISA Course Assessment Test shall be held on 7th February 2026 online through Computer ICAI…

2 days ago