Month: January 2018

The CBDT has issued Circular No. 01 of 2018 dated 10th January 2018 by which it has issued important directions regarding the processing of income-tax returns under section 143(1) of the Income-tax Act, 1961 which were filed in Forms ITR-1 to 6 and the applicability of section 143(1)(a)(vi)

The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette. A few provisions in the Amendment Act have important bearing on the working of the Insolvency and Bankruptcy Code, 2016 (Code). A copy of the amendment act is available for download

The CBDT has vide ordes nos. 6, 8 and 10 of 2018 dated 8th and 9th January 2018 ordered the transfer and posting of officers in the grade of Principal Commissioner of Income-tax, Commissioner of Income-tax and Assistant/ Deputy Commissioner of Income-tax with immediate effect and other further orders

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The Tax Bench of the Hon’ble Bombay High Court with effect from 4th January 2018 is as follows