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CBDT Demands 100% Disposal Of Appeals By CsIT(A)

The CBDT has sent the clear signal in the Central Action Plan 2019-20 that it will no longer tolerate the lethargy of CsIT(A) in the matter of disposal of appeals. It has pointed out that huge tax demands are locked up in these appeals. It has stipulated that 100% of appeals involving demands of Rs. 50 crore should be disposed off

ITAT Indore Bench Celebrates Golden Jubilee

Indore Bench of ITAT was set up on 2nd June 1969 and completed glorious 50 years discharging its function efficaciously and effectively in the justice delivery mechanism on direct tax matters. There have been several landmark decisions which have held their fort right up to the Apex Court

Reduce Court Holidays To Improve Efficiency & Reduce Pendency Of 3.5 Cr Cases: Economic Survey 2019

The Economic Survey 2019 has identified several root causes for the mammoth pendency of 3.5 crore cases in Courts. It has offered valuable suggestions for improving efficiency, which includes reducing the number of holidays that the Courts merrily take at the cost of the poor litigant

Download Finance (No. 2) Bill 2019

The Finance (No. 2) Bill 2019 as presented in Parliament today is available for download

CBDT Circular Clarifies Taxability Of Non-Residents’ Income From Off-shore AIF Investments

The CBDT has vide Circular No. 14/2019 dated 3rd July 2019 provided important clarification regarding the taxability of income earned by non-resident
investors from off-shore investments routed through an Alternate Investment Fund

Income-Tax Dept Will Become ‘Corruption Free’ Soon: Finance Minister

Smt. Nirmala Sitharaman, the Hon’ble Finance Minister, has released statistics which prove that the Income-tax department is indeed a dreaded den of corruption. In the year 2018 itself, 1441 complaints were received by the CBDT from hapless taxpayers against the officials of the Department. The Finance Minister has solemnly assured Parliament that the Government is taking strict action against such officials. She has also listed out the several steps which have been taken by the Government to ensure corruption free tax administration in the Country

CBDT Order Of Transfers/ Postings Of Asst/ Deputy CsIT

The CBDT has vide Office Order No. 142 of 2019 dated 26.06.2019 ordered the transfers/postings of several officers in the grade of Assistant
Commissioner/ Deputy Commissioner of Income Tax with immediate effect and until further orders

CBDT Circular Clarifies Law On Tax Treatment of Disability Pension

The CBDT has issued Circular No. 13 /2019 dated 24th June 2019 in which it has clarified the law relating to exemption of service clement and disability clement of disability pension granted to disabled personnel of armed forces who have been invalided on account of disability attributable to or aggravated by such service

CBDT Chief Slams Dept For Lackadaisical Attitude Towards Redressing Taxpayers’ Grievances

Hon’ble PC Mody, the Chairman of the CBDT, has taken a stern view regarding the lackadaisical attitude of the department in the matter of addressing grievances of the taxpayers. He has pointed out that the rights and dignity of the taxpayer have to be safeguarded while enforcing higher standards of accountability on officers and staff. He has directed the senior officers of the department to personally ensure that all grievances of taxpayers are satisfactorily addressed in a timely manner

Income-tax Department Invites Applications For Empanelment Of Advocates As Standing Counsel

The Income-tax Department, Pune is proposing to empanel eligible advocates for the post of Senior Standing Counsel and Junior Standing Counsel to represent Income Tax Department in respect of appeals/cases of Pune PCCIT region before the Bombay Bench of Bombay High Court. The schedule of fees, terms and conditions and the application forms are available for download

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