F.No.278/M-52/2003-ITJ(Pt.)

Government of India

Ministry of Finance

(Department of Revenue)

Central Board of Direct Taxes

New Delhi, the 4^th April, 2018

To,

Registrar, National Company Law Appellate Tribunal, New Delhi.& Registrar, National Company Law Tribunal

i.	Principal Bench, New Delhi.
ii.	New Delhi Bench,
iii.	Ahmedabad Bench,
iv.	Allahabad Bench,
v.	Bengaluru Bench,
vi.	Chandigarh Bench,
vii.	Chennai Bench,
viii.	Guwahati Bench,
ix.	Hyderabad Bench,
X.	Kolkata Bench,
xi.	Mumbai Bench.

 

Subject:  Designated Nodal Officers of Income Tax Department for receipt of communication from National Company Law Appellate Tribunal(NCLAT) and National Company Law Tribunal(NCLT) - reg.

Madam/Sir,

Kindly refer to the above.

2. I am directed to enclose the list of designated Nodal officers of Income Tax department for the purpose of receipt of communication from NCLAT and NCLT.

3. This issues with the approval of Member(A&J), C.B.D.T.

Yours faithfully,

(Smriti Bharadwaj)

DCIT(OSD) - ITJ-II

Telephone No. 26882637

Encl: As above Copy to:

1. All Pr.CCsIT for kind information and necessary action
2. CIT(ITA) for kind information and record
3. Database cell with a request to upload on irsofficersonline

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Designated Nodal Officers for receipt of communication from NCLAT and the respective NCLT benches

S.No.	NAME OF BENCH	LOCATION OF BENCH	DESIGNATED NODAL OFFICERS FOR RECEIPT OF COMMUNICATION FROM NCLAT and NCLT
1	(a) National Company  Appellate Tribunal (b) National Company Law Tribunal, New Delhi Principal Bench (c) National Company Law Tribunal, New Delhi Bench	New Delhi	Pr.CCIT, New Delhi. Address:- C.R.  Building,  LP.  Estate,  New Delhi- 110002 Phone   No:- 011-23378587 e-mail:-  delhi.pccit@incometax.gov.in
2	(a) National Company Ahmedabad Law Tribunal, Ahmedabad Bench.	Ahmedabad	Pr.CCIT, Ahmedabad Address:-  P.B.  No. 211,  Aayakar Bhawan, Ashram Road,   Ahmedabad-380009 Phone   No:- 079-27546340 e-mail:- ahmedabad.pccit(@incometax.gov.in
3	National Company Allahabad Law Tribunal, Allahabad Bench.	Allahabad	Pr. CCIT,  UP(East) Address:-  Aayakar  Bhawan,  5-Ashok Marg,  Lucknow-  226001 Phone   No:- 0522-2233201 e-mail:-ccit.Iucknow@incometax.gov.in
4	National Company Bengaluru Law Tribunal, Bengaluru Bench.	Bengaluru	Pr. CCIT, Karnataka   & Goa Address:-  C.R. Building, No. 1 Queen's Road, Bengaluru - 560001 Phone No:- 080-22869239 e-mail:- banzalore.pccit@Incometax.gov.in
5	National Company Law Tribunal, Chandigarh Bench.	Chandigarh	Pr.CCIT, NWR Address:- Aayakar Bhawan, Sector- 17-E, Chandigarh Phone No:- 0172-2701645 e-mail:-ccit.chandigarhr@incometax.gov.in
6.	National Company Chennai Law Tribunal, Chennai Bench.	Chennai	Pr.CCIT, Tamil  Nadu   & Puducherry Address:-  121,  Mahatma  Gandhi Road,  Nungambakkam,    Chennai  - 600034 Phone   No:- 044-28338301 e-mail:-chennai.pccit@incometax.gov.in
7	National Company Law Tribunal, Guwahati Bench.	Guwahati	Pr.CCIT, NER Address:-  1st Floor,  Aayakar  Bhawan, Christian  Basti,   G.S.  Road,  Guwahati- 781005 Phone   No:- 0361-2345106 e-mail:-ccit.guwahati@incometax.gov.in
8	National Company Hyderabad Law Tribunal, Hyderabad Bench.	Hyderabad	Pr.CCIT, Andhra Pradesh & Telengana Address:- io= Floor, C-Block, LT.Towers, 10-2-3, A.C. Guards, Hyderabad-500004 Phone No:-040-23237946 e-mail :- hvderabad. pccit@incometax.gov .in
9	National Company Law Tribunal, Kolkata Bench.	Kolkata	Pr.CCIT, West Bengal & Sikkim  Addressr- Aayakar Bhawan, P-7, Chowringhee Square, Kolkata-700069     Phone No:- 033-22136148  e-mail.-kolkata.pccit@lincometax.gov.in
10	National Company Law Tribunal, Mumbai Bench	Mumbai	Pr.CCIT,   Mumbai Address:- 3rd Floor, Aayakar Bhawan, Maharishi Karve Road, Mumbai-400020 Phone No:-  022-22017654  e-mail:- mumbai. pccit@,incometax.gov.in

 

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, 2nd April, 2018

PRESS RELEASE(No.5)

Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018

The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which is 17.1% higher than the net collections for FY 2016-17. The net Direct Tax collections represent 101.5% of the Budget Estimates (Rs.9.8 lakh crore) and 99% of the Revised Estimates (Rs. 10.05 lakh crore) of Direct Taxes for F.Y. 2017-18.

Gross collections (before adjusting for refunds) in FY 2017-18 have increased by 13% to Rs.11.44 lakh crore. Refunds amounting to Rs.1.49 lakh crore have been issued during 2017-18.

The growth rate for net collections for Corporate Income Tax (CIT) is 17.1% and for Personal Income Tax (including STT) is 18.9%.

However, it is reiterated that the aforesaid figures are as yet provisional and subject to change pending final collation of data of collections.

During FY 2017-18, 6.84 crore Income Tax Returns (ITRs) were filed with the Income Tax Department as compared to 5.43 crore ITRs filed during FY 2016-17, showing a growth of 26%. There has been a sustained increase in the number of ITRs filed in the last four financial years. As compared to 3.79 crore ITRs filed in F.Y. 2013-14, the number of ITRs filed during F.Y. 2017-18 (6.84 crore) has increased by 80.5%.

During FY 2017-18, the number of new ITR filers has also increased to 99.49 lakh (as on 30.03.2018) as compared to 85.51 lakh new ITR filers added during FY 2016-17, which translates into a growth of 16.3%.

The increase in total returns filed and new returns filed during FY 2017-18 is a result of sustained efforts made by the Income Tax Department in following up with potential non-filers through email, SMS, statutory notices, outreach programmes, etc. as well as through structural changes made in law and the Government’s emphasis on widening of tax net.

(Surabhi Ahluwalia)

Commissioner of Income Tax

(Media & Technical Policy)

Official Spokesperson, CBDT

Click here to read and download Notification No. 1/2018/F. No. P.12011/24/2017-ES, Cell-DoR

Finance Bill, 2018 receives Presidential assent on March 29^th, 2018

Click here to read and access the Finance Act 2018

Ministry of Labour & Employment : Payment of Gratuity (Amendment) Act, 2018 w.e.f 29.03.2018

Dated: 30 MAR 2018

Decision: The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, 2018.

Background: The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.  The main purpose for enacting this Act is to provide social security to workman after retirement, whether retirement is a result of superannuation, or physical disablement or impairment of vital part of the body.  Therefore, the Payment of Gratuity Act, 1972 is an important social security legislation to wage earning population in industries, factories and establishments.

2.  The present upper ceiling on gratuity amount under the Act is Rs. 10 Lakh. The provisions for Central Government employees under Central Civil Services (Pension) Rules, 1972 with regard to gratuity are also similar.  Before implementation of 7th Central Pay Commission, the ceiling under CCS (Pension) Rules, 1972 was Rs. 10 Lakh.  However, with implementation of 7th Central Pay Commission, in case of Government servants, the ceiling has been raised to Rs. 20 Lakhs.

3. Therefore, considering the inflation and wage increase even in case of employees engaged in private sector, this Government decided that the entitlement of gratuity should also be revised in respect of employees who are covered under the Payment of Gratuity Act, 1972.  Accordingly, the Government initiated the process for amendment to Payment of Gratuity Act, 1972 to increase the maximum limit of gratuity to such amount as may be notified by the Central Government from time to time. Now, the Government has issued the notification specifying the maximum limit to Rs. 20 Lakh.

4.  In addition, the Bill also envisages to amend the provisions relating to calculation of continuous service for the purpose of gratuity in case of female employees who are on maternity leave from ‘twelve weeks’ to ‘such period as may be notified by the Central Government from time to time’.  This period has also been notified as twenty six weeks.

Major Impact:  The Bill as passed by both the Houses of Parliament, andassented to by the Hon’ble President and notified by the Government. This will ensure harmony amongst employees in the private sector and in Public Sector Undertakings/ Autonomous Organizations under Government who are not covered under CCS (Pension) Rules. These employees will be entitled to receive higher amount of gratuity at par with their counterparts in Government sector.

JN/AK

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(Release ID: 1527082)