Hon’ble Sushil Chandra, the Chairman of the CBDT, has addressed a stern letter dated 6th July 2017 in which he has pointed out that the growth in revenue is not satisfactory on several parameters. The learned Chairman has given facts and figures to support his proposition. He has directed all officers to take all measures to increase revenue collection and also stated that if revenue is not forthcoming from one Head/ source, alternate sources may be concentrated upon to make up for the deficit
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Year: 2017
CBDT Transfer & Posting Orders Of Commissioners Of Income-tax
The CBDT has vide Order No. 113 of 2017 dated 04.07.2017 ordered the postings and transfers of several officers in the grade of Commissioner of Income-tax with immediate effect and until further orders
CBDT Notifications Reg Exemptions From Prohibition Of Cash Receipts U/s 269ST + Amendments To S. 44AB/ Form 3CD Audit Report
The CBDT has issued Notification No. 57 /2017 dated 3rd July 2017 by which it has specified several transactions which are exempt from the provisions of section 269ST which prohibits cash receipt of Rs. 2 lakhs
The CBDT has issued Notification No. 58/2017 dated 3rd July 2017 by which amendments to the tax Audit report Form required to be issued in Form 3CD have been carried out so as to incorporate details of loans, deposits and advances which are covered by sections 269SS and 269T. The amendments are effective from 19th July 2017
CBDT Notification Reg Aadhaar And PAN Intimation U/s 139AA Of The I. T. Act, 1961
The CBDT has issued Notification No. 7 of 2017 dated 29th June 2017 in which it has specified the procedure for intimating the AADHAAR number to the Income-tax Department by Permanent Account Number (PAN) holder and quoting of the same in PAN applications in compliance of section 139AA of the Income-tax Act, 1961
CBDT Transfer & Posting Orders Of Additional, Joint & Principal CsIT
The CBDT has vide Order Nos. 110 and 111 of 2017, both dated 27.06.2017, ordered the postings and transfers of several officers in the grade of Additional, Joint and Principal Commissioner of Income-tax with immediate effect and until further orders
Ex Chief Justice & Eminent Legal Luminaries Slam Move By Govt To Curb Independence Of Tribunals
Hon’ble RM Lodha, the former Chief Justice of India, and other eminent legal luminaries, have voiced their opposition at the action of the Government in enacting the Tribunal Members Rules 2017. Under the said Rules, the Central Government has abrogated to itself the right to appoint, extend the tenure, and remove, the Hon’ble Members of the various Tribunals, including the ITAT. The luminaries are apprehensive that the appointments of Members of the Tribunal would no longer be impartial and independent and that the Hon’ble Members may be wary of taking bold decisions against the Government
Representation Of ITAT Bar Association, Mumbai, Against The Appointment Of Tribunal Members Rules 2017
The ITAT Bar Association Mumbai has made a detailed representation to Shri. Arun Jaitley, the Hon’ble Finance Minister of India, with respect to Part XIV of the Finance Act, 2017 and notification of the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other conditions of service of Members) Rules, 2017 in so far as it concerns the Income Tax Appellate Tribunal
Representation Of All Gujarat Federation Of Tax Consultants Against The Appointment Of Tribunal Members Rules 2017
The All Gujarat Federation Of Tax Consultants has made a detailed representation to Shri. Arun Jaitley, the Hon’ble Finance Minister of India, with respect to Part XIV of the Finance Act, 2017 and notification of the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other conditions of service of Members) Rules, 2017 in so far as it concerns the Income Tax Appellate Tribunal
CIC Hauls Up Income-tax Dept For “Complete Negligence And Laxity” And “Casual And Callous Approach” In Implementing High Court’s Directions
The Commission observed that there is complete negligence and laxity in the public authority in dealing with the RTI applications. It is abundantly clear that such matters are being ignored and set aside without application of mind which reflects disrespect towards the RTI Act, 2005 itself. The Commission expressed its displeasure on the casual and callous approach adopted by the respondent in responding to the RTI application. It was felt that the conduct of respondent was against the spirit of the RTI Act, 2005 which was enacted to ensure greater transparency and effective access to the information
CBDT Sets Up Task Force Of High Level Officers To Make Effective Assessments
The CBDT has issued an Office Memorandum dated 14th June 2017 by which it has set up a ‘task force’ of high ranking officials of the Income-tax department. The task force has to recommend measures to implement recommendations made by another Committee on how to make ‘effective assessments’. The task force has to inter alia consider issues such as “taxpayer segmentation with differentiated treatment, creation of a new ecosystem for conducting scrutiny assessments characterized by end-to-end e-process for scrutiny assessment, flexible function-specific jurisdiction for certain actions and pre-verification of information mismatch before full-fledged scrutiny” and is required to draw up a “blue print” by 31st July 2017 for implementation of suggested recommendations
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