Category: Others

The CBDT has issued a directive dated 14th February 2019 in which it has stated that all assessment orders which are marked as “quality orders” should be duly represented before the CIT(A) by the department and properly defended with verbal and written submissions. The CBDT has stipulated a clear-cut SOP on the subject

The CBDT has vide Office Order Nos. 26 and 27 of 2019, both dated 14th February 2019, stated that the President has extended the ad-hoc appointment of several IRS officers to the grade of Joint Commissioner of Income-tax

An IRS Officer, who attained notoriety for being “habitually corrupt“, has been found guilty and sentenced to 7-years of rigorous imprisonment. His 90-year old mother, who was his accomplice in the crime, has also been found guilty. His property has also been confiscated

The CBDT has directed the formation of a committee consisting of high-ranking officials who will inter alia examine “perverse and irregular” orders of the ITAT and cases where the submissions of the DRs have not been recorded by the ITAT. These will be taken up by the CBDT with the President, ITAT/ Ministry of Law. The CBDT has also called for information relating to the performance of standing counsel as to the number of cases decided in favour of, and against, the department

The CBDT has issued a Notification dated 30th January, 2019 by which it has formulated a scheme called the Centralised Verification Scheme, 2019. The scheme provides for centralised issuance of notice and for processing of information or documents and making available the outcome of the processing to the Assessing Officer in the context of E-Assessment

The CBDT has been criticized over alleged ‘tax terrorism’ of two award-winning start-ups named ‘Travel Khana’ and ‘Baby Go Go’. It is alleged that the AOs attached the bank account and withdrew funds, leaving the start-ups high and dry. It is claimed that nearly 2500 start-ups are in similar dire state over tax demands. The CBDT has issued a press release to clear the air and has claimed that all procedures were diligently followed by the AO and the start-ups are to blame for non-compliance

The CBDT has vide Office Order No. 22 of 2019 dated 6th February 2019 stated that the President has appointed several officers of the Indian Revenue Service (IRS) on regular basis in the grade of Joint Commissioner of Income-tax in the pay matrix of Rs. 78,800 -2,09,200 against the vacancy year 2018

The gesture of Hon’ble Piyush Goyal of thanking taxpayers after presenting the Finance Bill 2019 has been well received by the public. People are pointing out that he has greater empathy towards taxpayers owing to his background as a distinguished CA. He has assured that almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by tax officials

The Bombay High Court has issued a Notification dated 29th January 2019 stating that it has received applications/ proposals from 57 Advocates seeking to be designated as ‘Senior Advocates’. The Court has invited suggestions and views from the members of the Bar and other stakeholders with regard to the said applications/ proposals

The CBDT has issued Circular No. 04/2019 dated 28th January, 2019 in which it has clarified the entire law relating to the liability and status of Official Assignees under section 160(1)(iii) of the Income-tax Act, 1961