First Amendment in Dispute Resolution Panel of Income Tax w.e.f. 01.01.2015.

Recently on 31st Dec., 2014 the CBDT has issued notification regarding First Amendment in Dispute Resolution Panel, 2014 of Income Tax which shall come into force on 1st Jan., 2015.

By this notification Dispute Resolution Panel (Rule) of Income, 2009 has been amended by Rule 3 which is as under :

i) for sub-rule (1), the following sub-rule shall be substituted, namely-

"(1) The Board may, on the basis of workload and for efficient functioning, constitute panel in the places specified in column (2) of the Table below, having jurisdiction over the areas specified in column (3) thereof.

Table

ii) for sub-rule (2), the following sub-rule shall be substitute, namely -

"(2) The Board shall constitute panels at headquarters referred to in sub-rule (1) and assign threee Commissioners of Income Tax to each panel as Members"

iii) for sub-rule (3) and sub-rule (3A), the following sub-rules shall be substituted namely -

"(3) The Principal Chief Commissioner of Income-Tax (Internation Taxation) or Chief Commissioner of Income-Tax (International Taxation) may, after giving the eligible assessee as oportunity of being heard and after recording the reasons, transfer a case from one panel to another panel under their jurisdiction.

(3A) The Principal Chief Commissioner of Income-Tax (International Taxation) may, after giving the eligible assessee an oportunity of being heard and after recording the reaosns, transfer a case from the jurisdiction of -

a) the Principal Chief Commissioner of Income-Tax (International Taxation) to be jurisdiction of any Chief Commissioner of Income-Tax (Internation Taxation); or

b) the Chief Commissioner of Income-Tax (International Taxation) to be jurisdiction of ther other Chief Commissioner of Income-Tax (International Taxation) or the Principal Chief Commissioner of Income-Tax (Intrernation Taxation)".

iv) for sub-rule (5), the following sub-rule shall be substituted, namely-

"(5) The Principal Chief Commissioner of Income-Tax (Internation Taxation) or the Chief Commissioner of Income-Tax (International Taxation) of the region where headquarters of the panel is located shall, for the purposes of sub-rule (4), constitute the secretariate for the panel".