The Directorate of Income-tax (Recovery & TDS) has addressed a directive dated 10th July 2017 in which it has stated that in order to expedite the reduction of bad debts of the Government and the Department, the Directorate of Recovery has compiled a list of a total of 186 cases pending for Write-Off of Rs.25 lakhs and above as on 01.04.2016 in different charges across India
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Year: 2017
Eminent Legal Luminaries Offer Practical Suggestions To Improve Working Of The ITAT
The Income Tax Appellate Tribunal conducted a seven day residential refresher course for the Hon’ble Members which was held from 16th July 2017 to 23rd July, 2017. The inaugural session was attended by several eminent legal luminaries, each of whom offered valuable and practical suggestions to improve the working of the ITAT. A gist of the suggestions, together with a few pictures which were clicked on the occasion, are available
Bombay High Court’s Tax Bench Constitution w.e.f 07.08.2017
The Constitution of the Bombay High Court’s Tax Bench w.e.f 07.08.2017 is as follows
CBDT Modifies Guidelines For Stay Of Demand By The AO
The CBDT has issued Office Memorandum dated 31st July 2017 by which it has amended the conditions stipulated in the earlier OM dated 29.02.2016 pursuant to which the AO is empowered to grant a stay of the outstanding demand till the disposal of the appeal by the CIT(A)
CBDT Transfer & Posting Orders Of Deputy, Assistant, Joint, Addl And Commissioners Of Income-tax
The CBDT has vide orders Nos 126, 127, 128 and 129 of 2017, all dated 1st August 2017, ordered the postings and transfers of officers in the grade of Deputy, Assistant, Joint, Additional and Commissioner of Income-tax
CBDT Order Issued U/s 119 To Extend Due Date To File Return Of Income For AY 2017-18
Further to the press release dated 31.07.2017, the CBDT has issued an order dated 31.07.2017 under section 119 of the Act to extend the due date for furnishing the return of income for AY 2017-18
CBDT Press Release Regarding Extension Of Due Date For Filing ROI & Linking Of PAN With Aadhaar
The CBDT has issued a press release dated 31st July 2017 on the issue of extension of the due date for filing the return of income and the linking of PAN with Aadhaar
Taxpayers Fume As CBDT Makes Mockery Of ‘Digital India’ Dreams With Faulty Website On Due Date Of Filing ROI
The CBDT had to again face the embarrassment of having to extend the due date for filing returns of income because its website crashed. The question is that if this is the sorry state of affairs with regard to an important statutory requirement, what can one expect from so-called Digital India?
New ITAT Bench At Surat Formed By Transfer From Kolkata Bench
Vide Order dated 24th July 2017, the Hon’ble President of the ITAT has directed that a Bench in Kolkata be transferred to Surat. The jurisdiction of the Surat Bench will be the Districts of Bharuch, Narmada, Navsari etc.
The Hon’ble President has taken the aforesaid decision pursuant to the representations made by the Tax Bar that there is growing pendency of matters in Surat and that the professionals and taxpayers find it difficult to travel to Ahmedabad for the hearing of their appeals
CBDT Circular Of Clarifications (FAQs) On Computation of S. 115JB Book Profit For Ind AS
The CBDT has issued Circular No. 24/2017 dated 25th July 2017 in which it has provided clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies
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