The CBDT has issued Instruction Nos.6 and 7 of 2016, both dated 7th September 2016, by which it has revised the guidelines for engagement of standing counsels to represent the income-tax department before the High Courts and other judicial forums. The CBDT has also revised the schedule of fees payable to the Counsel
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Year: 2016
CJI Designate JS Khehar Fumes At “Tareekh Pe Tareekh” Fiasco As Lawyers Play Truant In Court
Now it is the turn of the lawyers practicing in the Supreme Court to face the heat of the stern attitude of the learned Judge. The learned judge has sent a strong message that he will brook no requests from lawyers for adjournments on frivolous grounds.
CBDT Circular Reg Streamlining Process Of No Objection Certificate (NOC) To Foreign Shipping Companies
The CBDT has issued Circular No. 30/2016 dated 26th August 2016 by which it has streamlined the process of issue of No Objection Certificate (NOC), voyage return and voyage assessment in the case of foreign shipping companies
Bombay High Court’s Tax Bench Constitution w.e.f 22.08.2016
The Constitution of the Bombay High Court’s Tax Bench w.e.f 22.08.2016 is as follows
Transfers Of Hon’ble Members Of The ITAT (August 2016)
Vide order dated 19.08.2016 passed by the Hon’ble President pursuant to the consultations with the Collegium of Income Tax Appellate Tribunal consisting of the President and two senior most Vice Presidents, the following Members of the ITAT have been transferred in the same capacity to the respective Benches, in public interest, with effect from 29th August 2016
CBDT Order Of Promotion Of IRS Officers To Post Of Joint Commissioners Of Income-tax
The CBDT has issued an order no. 149 of 2016 dated 22nd August 2016 stating that the President has promoted several officers of Indian Revenue Service to officiate on regular basis in the grade of Joint Commissioner of Income-tax in the pay band of Rs. 15,600 – 39,100 + (7600 Grade Pay) (per-revised) with immediate effect
Chief Justice T. S. Thakur Fumes As Namo Turns Blind Eye To Woes Of Judiciary
In his Independence Day speech, the Hon’ble Prime Minister spoke of all sundry issues concerning the development of the Country. However, he maintained a deafening silence on the woes plaguing the judiciary. This did not go down well with Chief Justice Thakur. He publicly criticized the Government and expressed the view that he is disappointed at the fact that the Government is not showing any seriousness towards resolving the problem
Ajay Devgn Turns ‘Singham’ To Battle ‘Unfair Tax Demand’ By Income Tax Department
Ajay Devgn, the celebrated actor, who has delivered block-buster movies like Singham, Dilwale, Shivaay etc is the latest to fall victim of the heightened scrutiny of the Income-tax department. In keeping with his character as a non-nonsense person, Ajay Devgn is not taking the allegation of the Income-tax department lying down. Instead, he has launched an offensive and termed the assessment as “unfair” and “high pitched”
CBDT Notification Reg Adoption Of Indexed Stamp Duty Value For Income Declaration Scheme
The CBDT has issued a Notification dated 17th August 2016 by which Rule 3(1)(d) of the Income Declaration Scheme Rules 2016 have been amended to provide that where the acquisition of immovable property by the declarant is evidenced by a deed registered with any authority of a State Government, the fair market value of such property shall, at the option of the declarant, may be taken on the stamp duty value as increased by the same proportion as Cost Inflation Index for the year 2016-17 bears to the Cost Inflation Index for the year in which the property was registered
CBDT Issues Further Imp Clarifications On Income Declaration Scheme, 2016
The Income Declaration Scheme, 2016 came into effect on 1st June, 2016. To address doubts and concerns raised by the stakeholders, the CBDT has issued three sets of FAQs vide Circular Nos. 17, 24, 25 & 27 of 2016. In order to address further queries received from the public relating to the Scheme, the CBDT has issued Circular No. 29 of 2016 dated 18th August 2016
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