Constitution of Dispute Resolution Panel-IV at Mumbai by CBDT
Central Board of Direct Taxes
FT &TR-II Division
F. No. 500/12/2013-SO/FT&TR-2(1)
New Delhi, dated 30th October, 2014
ORDER NO. 11/FT&TR/2014
In exercise of the powers conferred by clause (a) of sub-section (15) of section 144C of the Income-tax Act, 1961(43 of 1951) read with income tax (Dispute Resolution Panel) Rules, 2009 as amended from time to time and in addition to earlier Orders constituting Dispute Resolution Panels at Mumbai, the Central Board of Direct Taxes hereby constitutes the Dispute Resolution Panel-IV at Mumbai comprising of three Commissioners of income-tax as Members of the said Panel with a Reserve Member in such Panel in accordance with Rule 3(3) of the Income-tax(Dispute Resolution Panel) Rules, 2009 as under:
| S. No. | Area(s) of Jurisdiction | Members of Panel | Reserve Member of the Panel |
| (1) | (2) | (3) | (4) |
| 1. | DRP-IV, Mumbai | 1. CIT(Appeals)-19,Mumbai2. CIT(Appeals)-37, Mumbai 3. CIT(Appeals)-39, Mumbai | CIT(Appeals)-23, Mumbai |
2. The Members of DRP shall perform such duties in addition to their regular duties. This order will be effective from 1st November, 2014.
3. This issues with the approval of Chairman, CBDT.
(A. Sreenivasa Rao)
Director(FT & TR-II)
(A. Sreenivasa Rao)
Director (FT & TR-II)
Madras High Court Stays Clause 7 of CBDT Order dated 26-09-2014 regarding Extension of ITR Due Date AY 2014-15 with Levy of Interest u/s 234A
Earlier on 26-09-2014 CBDT, following the direction of the Gujarat High Court had extended the due date for Income Tax Returns (ITR) filing from 30th September, 2014 to 30th November, 2014 for assessee covered under tax audit us 44AB of Income Tax Act, 1961.
However, the clause 7 of CBDT order dated 26-09-2014 provided that assessee shall have to pay interest under section 234A for the period of the extension granted.
Clause 7 of CBDT Order is reproduced hereunder:
7. There shall be no extension of the "due date" for the purposes of Explanation 1 to section 234A (Interest for defaults in furnishing return) of the Act and the assessees shall remain liable for payment of interest as per the provisions of section 234A of the Act.
Now, it is reported that the Madras High Court has granted a stay on the operation of the clause 7 of the said order of CBDT and has issued a direction to Income Tax to accept returns without interest.
The full details of the order are awaited.
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