The Additional Director General (Systems) has issued an important directive dated 14th August 2018 with regard to the acceptance of paper returns by ASK Centers for AYs prior to AY 2018-19
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Month: August 2018
CBDT Circular Explains Law On Computation Of S. 10A Deduction
The CBDT has issued Circular No. 4/2018 dated 14th August 2018 in which the law relating to computation of admissible deduction u/s 10A of the Income-tax Act, 1961 has been explained in the light of the judgement of the Supreme Court in CIT vs. HCL Technologies Ltd (2018) 404 ITR 719
Tax Bar Thanks Retiring ITAT Member For Exemplary Service To Cause Of Justice
The Tax Bar has paid rich tribute to an Accountant Member of the Income Tax Appellate Tribunal who retired on 9th August 2018
Tax Bar Mourns Untimely Demise Of Eminent Jurist Palkhivala & Pays Homage
The Tax Bar has mourned the untimely demise of eminent jurist Palkhivala. Leading tax lawyers have recollected his stellar contribution to the development of law and furthering the cause of justice
CBDT Transfers Joint, Additional, Assistant & Deputy Commissioners Of Income-tax
The CBDT has vide Office Orders Nos. 128 and 130 of 2018, dated 7th & 8th August 2018 respectively, ordered the transfers and postings (local changes) of several officers in the grade Joint, Additional, Assistant & Deputy Commissioners of Income-tax with immediate effect and until further orders
CBDT Sleuths Bust Rs. 4300 Cr Black Money & Benami Transactions Scam
The Ministry of Finance has announced that due to intensive efforts undertaken by the Income-tax Department, provisional attachment has been made in more than 1600 cases of properties under the Benami Transactions (Prohibition) Act, 1988. The value of properties under attachment is more than Rs. 4,300 crore. Details are also given of the prosecution proceedings initiated by the Income-tax Department
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