Month: September 2017

The Constitution of the Bombay High Court’s Tax Bench w.e.f 04.09.2017 is as follows

Prime Minister Narendra Modi addressed high ranking officials of the CBDT and CBEC at Rajasva Gyan Sangam. He exhorted the officials to incorporate both a ‘sense of urgency,’ and ‘measurability,’ in their performance. He also directed them to fix clear targets to improve the country’s tax administration by 2022. He also instructed the officials to come up with an action plan to eliminate pendency in tax related cases. He emphasized that an environment that instills confidence among honest taxpayers & uproots corruption has to be created

The CBDT has issued two Notifications under section 119 of the Income-tax Act, 1961, both dated 31st August 2017 and bearing the same number. Vide one Notification, the CBDT has directed that the due date for filing the return of income and tax audit reports shall be extended from 30th September, 2017 to 31st October, 2017. Vide the other Notification, the CBDT extended the time for linking Aadhar with PAN till 31.12.2017