Month: December 2017

The CBDT has vide orders nos. 219, 220 and 221 all dated 29th December 2017, appointed/ promoted several IRS officers to the grade of Joint Commissioners of Income-tax and Chief Commissioners of Income-tax

The CBDT has issued a Notification dated 20th December 2017 by which it has amended Rule 127 of the Income-tax Rules with regard to the delivery and transmission of communications by the department to the assessees

The Delhi High Court in Showa Corporation vs. Dy. Commissioner of Income Tax passed strictures against the practice of the Departmental Representatives seeking adjournment before the Tribunal on frivolous grounds even in high demand cases. Pursuant to that, the CBDT has issued a directive dated 14th December 2017 stating that Department Representatives should not seek adjournments in cases listed before ITAT without substantial cause or reason

It was reported earlier that the AIFTP had a meeting with the Revenue Secretary Dr. Hasmukh Adhia and the CBDT Chairman Shri Sushil Chandra. The Tax Bar had offered valuable suggestions on reforms to the tax laws. For the benefit of the taxpayers and professionals, the full text of the representations made are reproduced.

For the first time, the Government has taken very positive step inviting the tax professional organizations and tax professionals to have very interactive meeting with Honourable Finance Secretary, to consider suggestions on the Direct and Indirect taxes as a part of the budget preparatory exercise for the Financial Year 2018

Vide Order No. 214 of 2017 dated 15th December 2017, the CBDT has stated that the President has extended the ad-hoc appointment of several IRS officers to the grade of Joint Commissioner of Income-tax from 16.10.2017 to 31.03.2018

The CBDT has issued a directive dated 12.12.2017 in which it has prescribed in detail the procedure to be followed by Assessing Officers for the assessment of defective returns in the context of section 139(9) of the Income-tax Act, 1961

The CBDT has issued an Order dated 13.12.2017 under section 119 of the Act by which it has extended the due date for deposit of TDS and TCS. The extension has been granted owing to technical issues faced by NSDL’s gateway for e-payment of taxes

The Tax Bench of the Hon’ble Bombay High Court with effect from 11th December 2017 is as follows

The Ministry of Finance has issued a press release dated 8th December 2017 stating a complaint was received making serious allegations against a Deputy Commissioner of Income Tax for harassing a taxpayer in a scrutiny case with malafide intention. The officer was alleged to have demanded bribe through the taxpayer’s Chartered Accountant for favourably completing the assessment. It is stated that on examination of the case records, serious lapses and irregularities were found which led credence to the allegations made against the officer. It is stated that the Department has zero tolerance to such malpractices and corruption and that pending investigation, the officer has since been placed under suspension