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Circular No. 16 /2014

F.No.142/14/2007-TPL(Part)

Government of India

Ministr of Finan!e

"e#artment of $even%e

&entra' oard of "ire!t Taes

****

"ated+ 17t,Novemer 2014

SUB:- Clarification in respect of Circular No.3 of 2008 dated 12/3/2008 of

CB! " re#.

&,a#ter I- of t,e In!ome-ta !t 11 !ontains #rovisions re'atin3 to

sett'ement of !ases t,e In!ome-ta ett'ement &ommission (IT&). T,e

#rovisions !ontained in t,e said !,a#ter 5ere amended Finan!e !t 2007

and a $evised ett'ement !,eme 5as #%t in #'a!e. 6#'anator &ir!%'ar No.

/2008 dated 12.0.2008 iss%ed &"T vide #ara 1 (!om#risin3 s% #aras

1.1 to 1.17) dea's 5it, $evised ett'ement !,eme.

2. Para 1.2 of &ir!%'ar No. of 2008 reads+-

91.2 %nder t,e eistin3 #rovisions an assessee ma ma:e an a##'i!ation to

t,e &ommission at an sta3e of t,e #ro!eedin3s in ,is !ase #endin3 efore

an In!ome-ta %t,orities. fter 1stMa 2007 an assessee !an ma:e an

a##'i!ation to t,e &ommission on' d%rin3 t,e #enden! of t,e #ro!eedin3s

efore t,e ssessin3 ;ffi!er. It is f%rt,er !'arified t,at (a) sin!e intimation

%nder se!tion 14(1) is not an assessment order t,ere 5i'' e no ar in fi'in3

an a##'i!ation for sett'ement s%se

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!onsonan!e 5it, t,e #rovisions !ontained in 6#'anation to !'a%se () of

se!tion 24? of t,e In!ome-ta !t 5,i!, inter alia #rovides t,at a

#ro!eedin3 for assessment of an assessment ear s,a'' e deemed to ,ave

!on!'%ded on t,e date on 5,i!, t,e assessment is made.

4. In vie5 of t,e aove #ara 1.2 of &ir!%'ar No. of 2008 is re#'a!ed 5it,

t,e fo''o5in3 5it, effe!t from t,e 1stda of @%ne 2007+-

91.2 Ander t,e eistin3 #rovisions an assessee ma ma:e an

a##'i!ation to t,e &ommission at an sta3e of t,e #ro!eedin3s in ,is !ase

#endin3 efore an In!ome-ta %t,orities. fter 1 stMa 2007 an assessee

!an ma:e an a##'i!ation to t,e &ommission on' d%rin3 t,e #enden! of t,e#ro!eedin3s efore t,e ssessin3 ;ffi!er. It is f%rt,er !'arified t,at (a) sin!e

intimation %nder se!tion 14(1) is not an assessment order t,ere 5i'' e no

ar in fi'in3 an a##'i!ation for sett'ement s%se

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7. "IT(IT)/ "IT($PDP$)/ "IT(%dit)/ "IT(Ci3.)/ "IT(stems)/

"IT(;DM)/ "IT(#'. Inv.).

8. T,e &om#tro''er and %ditor Genera' of India (0 !o#ies).

9. @oint e!retar and Le3a' dvisor Ministr of La5 and @%sti!e Ne5

"e',i.