taxmann.com Latest Statutory Happeningshttp://www.taxmann.comLatest Statutory Happenings hosted on taxmann.com.Copyright 2008 - 2009 taxmann.com. All rights reserved.Section 144C of the Income-tax Act, 1961 - Reference to Dispute Resolution Panel - Powers, functions...Section 144C of the Income-tax Act, 1961 - Reference to Dispute Resolution Panel - Powers, functions and jurisdiction of Dispute Resolution Panel at Headquarters Delhi and Mumbai <br> By <b> Order No. 3/JS(FT&TR-II)/2010, dated 8-3-2010 </b> http://www.taxmann.com/TaxmannFlashes/flashbn112_1.htmThu, 11 Mar 2010 05:15:10Processing of returns of A.Y. 2008-09 - Steps to clear the backlogProcessing of returns of A.Y. 2008-09 - Steps to clear the backlog <br> By <b> Instruction No. 1/2010, dated 25-2-2010 </b> http://www.taxmann.com/TaxmannFlashes/flashst9-3-10_1.htmTue, 09 Mar 2010 11:55:53Notifications under section 35(1)(ii) - Public Health Foundation of India/Petroleum Conservation Res...Notifications under section 35(1)(ii) - Public Health Foundation of India/Petroleum Conservation Research Association notified <br> By <b> Notification No. 13 & 14/2010, dated 5-3-2010 </b> http://www.taxmann.com/TaxmannFlashes/flashst6-3-10_2.htmSat, 06 Mar 2010 02:21:42CBDT clarifies that Explanation to 194A is not meant to apply in cases of banks where credit is made...CBDT clarifies that Explanation to 194A is not meant to apply in cases of banks where credit is made to provisioning account on daily/monthly basis for the purposes of macro monitoring only by the use of CBS software <br> By <b> It is clarified that since no constructive credit to the depositor’s / payee’s account takes place while calculating interest on time deposits on daily or monthly basis in the CBS software used by banks, tax need not be deducted at source on such provisioning of interest by banks for the purposes of macro monitoring only - Circular No. 03/2010, dated 2-3-2010 </b> http://www.taxmann.com/TaxmannFlashes/flashnst2-3-10_1.htmTue, 02 Mar 2010 03:56:46