The CBDT has vide Office Order No. 223 of 2019 dated 10.10.2019 ordered the transfers and postings of several officers in the grade of Assistant & Deputy Commissioners of Income-tax with immediate effect and until further orders

According to press reports, Ms. Alka Tyagi, the Chief Commissioner of Income-tax, Mumbai, has written a complaint to the Finance Minister alleging that Shri. P. C. Mody, the Chairman of the CBDT, gave her a “shocking directive” to bury a “sensitive case“

The CBDT has vide Office Orders 220 and 221 of 2019, dated 4.10.2019 and 07.10.2019 respectively, ordered the transfer and posting and holding of additional charge of several officers in the grade of Chief Commissioner and Principal Commissioner of Income-tax

The CBDT has vide Office Order No. 213 of 2019 dated 3rd October, 2019 ordered the promotion to the grade of Principal Chief Commissioner of Income Tax (Pr. CCIT) (level 17 in the pay matrix Rs. 2,25,000/-) for the panel year 2019 of several officers w.e.f. the date of assumption of charge of the post by them and until further orders. The CBDT has also ordered the transfers of the said officers

The CBDT has vide Circular No. 29/2019 dated 2nd October 2019 clarified the law in respect of option exercised under section 115BAA of the Income-tax Act, 1961 inserted through The Taxation Laws (Amendment) Ordinance, 2019. The CBDT has stated that representations have been received from the stakeholders seeking clarification on issues relating to exercise of option under section 115BAA (a) Allowability of brought forward loss on account of additional depreciation; and (b) Allowability of brought forward MAT credit. The issues have been examined by the CBDT and clarifications have been given