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The Government of India has constituted a Committee to simplify the provisions of the Income Tax Act, 1961
October, 29th 2015
                    THE INCOME TAX ACT, 1961

                                                                 New Delhi, October 27, 2015

                                                                              Kartika 5, 1937

The Government of India has constituted a Committee with a view to simplify the provisions of
the Income Tax Act, 1961, with the following composition:

          (i)      Justice R.V. Easwar, (Retd.), former Judge,

          Delhi High Court and former President, ITAT      -     Chairman

          (ii)     Shri V.K. Bhasin, former Law Secretary            -      Member

          (iii)    Shri Vinod Jain, Chartered Accountant         -       Member

          (iv)     Shri Rajiv Memani, Consultant                     -      Member

          (v)      Shri Ravi Gupta, Sr. Advocate                  -      Member

          (vi)     Shri Mukesh Patel, Chartered Accountant       -       Member

          (vii)    Shri Ajay Bahl, Consultant                     -      Member

          (viii)   Shri Pradip P. Shah, Investment Adviser       -       Member

          (ix)     Shri Arvind Modi, IRS (IT:81009)               -      Member

          (x)      Dr. Vinay Kumar Singh, IRS (IT:95006)          -      Member

       The Terms of Reference (ToR) of the Committee shall be as follows:

       i)       To study and identify the provisions/phrases in the Act which are leading to
       litigation due to different interpretations;
       ii)     To study and identify the provisions which are impacting the ease of doing

       iii)     To study and identify the areas and provisions of the Act for simplification in the
       light of the existing jurisprudence;

       iv)      To suggest alternatives and modifications to the existing provisions and areas so
       identified to bring about predictability and certainty in tax laws without substantial
       impact on the tax base and revenue collection; and

       The Committee shall set its own procedures for regulating its work. The Committee can
also work in Sub-Groups and the draft prepared by the Sub-Groups can then be approved by the
whole Committee. The Committee will put its draft recommendations in the public domain.
After stakeholder consultations, the Committee will formalise its recommendations. The
Committee can give its recommendations in batches. The First Batch containing as many
recommendations as possible shall be submitted by 31st January, 2016.

        The Term of the Committee shall be for a period of one year from the date of its

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