Category: Others

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

The CBDT has vide order under Section 119 of the Income-tax Act, 1961 dated 27th September 2019 extended the ‘due-date’ for filing income-tax returns and tax audit report for AY 2019-20 from 30th September, 2019 to 31st October, 2019. However, there is no extension of the due date for purpose of Explanation 1 to section 234A (interest for defaults in furnishing return) of the Act and the assessees remain liable for payment of interest as per section 234A of the Act

Shri Venkaiah Naidu, the Hon’ble Vice President, has sought splitting of Supreme Court and setting up Regional Benches. He has suggested major reforms to ensure timely, cost effective justice delivery. He has also asked the Judiciary and the Government to quickly fill up vacant posts of judges. He has also favoured Standard Operating Procedures with caps on number of adjournments and time limit for disposal of cases

The Central Board of Direct Taxes (CBDT) has compulsorily retired yet another 15 very senior officers of the rank of Pr. CIT, CIT, JCIT, Addl CIT, ACIT today under Fundamental Rule 56 (J) in public interest, due to corruption and other charges and CBI traps

The CBDT has vide Circular No 27/ 2019 dated 26th of September, 2019 issued directives regarding the conduct of assessment proceedings through ‘E-Proceeding’ facility during financial year 2019-20

The CBDT has vide Circular No. 28 of 2019 dated 27th September 2019 issued a clarification on delay in filing of Form no. 10B for AY 2016-17 and AY 2017-18