The CBDT has issued Instruction No. 3 dated 16.09.2016 in which it has set out the procedure to adopted by Assessing Officers for generation of notices under section 143(2) of the Income-tax Act, 1961 in cases which are selected for limited and full scrutiny under the Computer Assisted Scrutiny Selection (CASS)
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CBDT Instruction Clarifies Imp Law On The Income Declaration Scheme, 2016
The CBDT has issued Instruction No. 8 of 2016 dated 15th September 2016 in which it has clarified as to whether a declaration under The Income Declaration Scheme, 2016 can be filed for an assessment year for which the proceedings under section142(1)/143(2)/148/153A/153C were pending as on 31.05.2016 but the said proceedings have been completed
Eminent Jurist Fali Nariman Warns That Boycott Of Collegium By Senior Judge Will Weaken The Supreme Court
Justice Jasti Chelameswar, a senior judge of the Supreme Court, has announced that he is boycotting the proceedings of the Collegium, an august body which has been set up by the Supreme Court to appoint new judges to the High Courts. This unprecedented step by a senior judge has sent shock waves across the Country
CBDT Reacts To High Court Strictures And Revises Guidelines For Appointment Of, And Fees Payable To, Standing Counsel
The CBDT has issued Instruction Nos.6 and 7 of 2016, both dated 7th September 2016, by which it has revised the guidelines for engagement of standing counsels to represent the income-tax department before the High Courts and other judicial forums. The CBDT has also revised the schedule of fees payable to the Counsel
CJI Designate JS Khehar Fumes At “Tareekh Pe Tareekh” Fiasco As Lawyers Play Truant In Court
Now it is the turn of the lawyers practicing in the Supreme Court to face the heat of the stern attitude of the learned Judge. The learned judge has sent a strong message that he will brook no requests from lawyers for adjournments on frivolous grounds.
CBDT Circular Reg Streamlining Process Of No Objection Certificate (NOC) To Foreign Shipping Companies
The CBDT has issued Circular No. 30/2016 dated 26th August 2016 by which it has streamlined the process of issue of No Objection Certificate (NOC), voyage return and voyage assessment in the case of foreign shipping companies
Bombay High Court’s Tax Bench Constitution w.e.f 22.08.2016
The Constitution of the Bombay High Court’s Tax Bench w.e.f 22.08.2016 is as follows
CBDT Order Of Promotion Of IRS Officers To Post Of Joint Commissioners Of Income-tax
The CBDT has issued an order no. 149 of 2016 dated 22nd August 2016 stating that the President has promoted several officers of Indian Revenue Service to officiate on regular basis in the grade of Joint Commissioner of Income-tax in the pay band of Rs. 15,600 – 39,100 + (7600 Grade Pay) (per-revised) with immediate effect
Chief Justice T. S. Thakur Fumes As Namo Turns Blind Eye To Woes Of Judiciary
In his Independence Day speech, the Hon’ble Prime Minister spoke of all sundry issues concerning the development of the Country. However, he maintained a deafening silence on the woes plaguing the judiciary. This did not go down well with Chief Justice Thakur. He publicly criticized the Government and expressed the view that he is disappointed at the fact that the Government is not showing any seriousness towards resolving the problem
Ajay Devgn Turns ‘Singham’ To Battle ‘Unfair Tax Demand’ By Income Tax Department
Ajay Devgn, the celebrated actor, who has delivered block-buster movies like Singham, Dilwale, Shivaay etc is the latest to fall victim of the heightened scrutiny of the Income-tax department. In keeping with his character as a non-nonsense person, Ajay Devgn is not taking the allegation of the Income-tax department lying down. Instead, he has launched an offensive and termed the assessment as “unfair” and “high pitched”
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