Hon’ble President Ram Nath Kovind has expressed dismay at the fact that the Indian legal system is marked by long delays. He revealed that there is a backlog of 3.3 crore cases in various courts. Of these, 2.84 crore cases are in subordinate courts, 43 lakh in the High Courts & about 58,000 in the Supreme Court
itatonline.org
Only the latest & most important updates on taxation
Year: 2018
CBDT Transfer & Posting Orders Of Pr CCsIT, Pr DGsIT, CCsIT And DGsIT
The CBDT has vide Office Order Nos. 145 of 2018 and 146 of 2018, both dated 31.08.2018, ordered the transfers and postings and granting of additional charges to several officers in the rank of Principal Chief Commissioners, Principal Director Generals, Chief Commissioners, Director Generals etc with immediate effect and until further orders
CBDT Promotes Officers To Pr Chief Commissioners Of Income-tax & Transfers Several Chief Commissioners
The CBDT has vide Office Order No. 142 of 2018 dated 29.08.2018 ordered the promotion of several officers to the grade of Principal Chief Commissioner of Income-tax (level 17 in the pay matrix Rs. 2,25,000) w.e.f. the date of assumption of charge of the post. The CBDT has also vide Office Order No. 143 of 2018 dated 29.08.2018 ordered the transfer and posting of several Chief Commissioners of Income-tax with immediate effect and until further orders
Top Tax Professionals Slam CBDT For “Incentive” To CsIT(A) To “Enhance Assessments” | Legal Action Threatened
The Central Action Plan 2018-19 provides that CsIT(A) will receive incentives if they enhance assessments, strengthen the assessment order and/or levy penalty u/s 271(1)(c). This move has been condemned by leading representatives of Industry and also by top tax professionals
CBDT Issues Guidelines For Manual Selection Of Returns For Complete Scrutiny In FY 2018-19
The CBDT has vide Instruction No. 04 of 2018 dated 20th August 2018 issued guidelines for manual selection of returns for complete scrutiny during the financial year 2018-19
CBDT Instruction Reg Conduct Of E-Assessment Proceedings During FY 2018-19
The CBDT has vide Instruction No. 03 dated 20th August 2018 issued instructions regarding the conduct of assessment proceedings through ‘E-Proceeding’ facility during FY 2018-19
ITAT Irked At Dept For Insinuating That Sachin Tendulkar Submitted Bogus And Fake Documents To Save Petty Tax
It is well known that Assessing Officers spare no effort in their zeal to collect taxes from hapless taxpayers. They can stoop to any extent and level all sorts of allegations without any regard to the stature of the taxpayer or his track record of paying taxes. Sachin Tendulkar, the illustrious sporting champion, is the latest to fall victim to the exuberance of the AO to make additions for the flimsiest of reasons
CBDT Appoints ITOs To Post Of Assistant Commissioners Of Income-Tax
The CBDT has vide order No. 137 of 2018 dated 23rd August 2018 appointed several Income Tax Officers to the grade of Assistant Commissioner of Income-tax in the pay matrix of Rs. 56,100 – 1,77,500 for a period of one year with immediate effect or until further orders
CBDT Circular Clarifies Law On Immunity U/s 270AA From Levy Of Penalty
The CBDT has issued Circular No. 5/2018 dated 16th August 2018 by which it has issued an important clarification on the immunity provided u/s 270AA of the Income-tax Act, 1961
CAs Get Access To Top-Notch Tax Portals At Rock-Bottom Prices
ICAI, the governing body of Chartered Accountants, has used its immense negotiating power to secure access to CAs to top-notch tax portals at heavy discounts
Recent Comments