The CBDT has finally taken formal notice of the alleged malpractices being indulged in by Commissioners of Income-tax (Appeals) with the active/passive connivance of the Chief Commissioners.
The CBDT has issued a stern directive dated 8th March 2018 stating that the defiance by the CsIT(A) of the Manual of Office Procedure relating to the passing of appellate orders “gives rise to suspicions about backdating of orders and/ or malafide intent” on the part of the concerned officer
The CBDT has issued Order Nos 33 and 34 of 2018, both dated 28.02.2018, whereby several Income-tax Officers have been appointed to the grade of Assistant Commissioners of Income-tax for the vacancy year 2015-16 from 22.07.2017 to 21.07.2018
In furtherance of Instruction No. 01/2018 dated 12th of February, 2018 issued by the CBDT regarding the conduct of electronic assessment proceedings, the CBDT has now notified the Centralized Communication Scheme 2018. The Centralized Communication Scheme 2018 contains provisions for the electronic issuance of notices to taxpayers and prescribes the format in which the information and documents have to be furnished. The notices to taxpayers will be issued by the centralized communication centre under Section 133C of the Income-tax Act, 1961 through email or by placing a copy in the registered account on the portal, followed by an intimation by short messaging service (SMS)
The CBDT has vide Order No. 30 of 2018 dated 19.02.2018 ordered the postings and transfers of officers in the grade of Commissioner of Income-tax with immediate effect and until further orders
A Full Court reference on the occasion of retirement of Hon’ble Shri. D T. Garasia, Judicial Member, was held on Thursday, 15th February 2018
The CBDT has issued Instruction No. 01/2018 dated 12th of February, 2018 by which it has issued important instructions with regard to the conduct of assessment proceedings in scrutiny cases electronically
A full court reference in honour of late Shri Dinesh Vyas Senior Advocate, was held on 9th February 2018
The CBDT issued a press release a few days ago alleging that it has busted a tax refund scam master-minded by a Chartered Accountant. This has has not gone down well with The Institute of Chartered Accountants of India (ICAI)
Hon’ble Piyush Goyal, the Minister of Railways and Coal, has sent the clarion call to all CAs that if they decide to “practice honestly”, then the problem of corruption in the country will be resolved. However, some CAs have taken exception to the allegation that some practice dishonestly
The CBDT has issued an important directive dated 6th of February, 2018 relating to the determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act read with Rule 11UA(2) of Income-tax Rules
Recent Comments