The CBDT is known to be a law unto itself. No amount of strictures from the Courts has any impact on it. Now, it has come into the bad books of the Election Commission with the latter expressing “deep sense of anguish” about the “casual and trivial” approach of the CBDT. The EC has expressed its “extreme displeasure” at the “Stark violation of established protocol“
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CBDT Reveals Action Plan For April To June 2019
The CBDT has released a ‘Central Action Plan’ for the first Quarter i.e. (April 2019 to June 2019) of the FY 2019-20. The Plan has set out in clear terms the ‘Key Result Areas’ that all AOs and CsIT(A) are expected to accomplish. Specific targets with regard to the completion of assessments, audit objections, recovery of arrears, disposal of appeals are set out
CBDT Circular Reg Extension Of Time U/s 286(4) r.w. Rule 10DB(4)
The CBDT has issued Circular No. 7 of 2019 dated 8th April 2019 by which it has exercised its powers u//s 119 of the Act and extended the period for furnishing the report u/s 286(4) of the Act read with Rule 10DB(4) of the Rules.
New Chief Justice + 5 Advocates Appointed Judges To Bombay High Court
A new Chief Justice has been appointed to the Bombay High Court. In addition, five advocates have been recommended for appointment as judges to the Bombay High Court.
Congress Manifesto Promises To End Tax Terrorism + Enhance Reservation For SC/ST/OBC In Judiciary
The Congress party has released its manifesto for the elections 2019. One of the striking promises made in the manifesto is that the extraordinary discretionary powers given to the tax department which has led to ‘tax terrorism’ will be ended. Several reforms for the judiciary have also been announced including the enhancement of representation at all levels of the judiciary for women, SC, ST, OBC, minorities and other under-represented sections of society
CBDT Directive Reg Verification Of Suspicious Transactions
The CBDT has issued a directive dated 28th March 2019 on the subject of verification of suspicious transactions in case of struck-off companies. Field authorities have been directed to verify deposits/withdrawals from the bank accounts of companies during the process of striking down and just before that especially during the period of demonetisation to check possible misuse of such companies for money-laundering activities
The Standards Of Professional Conduct And Etiquette (Code of Ethics)
ITAT being the Mother Tribunal, may impress other Tribunals to follow the good example set by ITAT. It is also desired that whenever a new Member is appointed,they may be provided the material which may contain code of ethics, guidance to be kept in view by the Members of the ITAT while drafting orders, conventions for Members of the ITAT etc
Change In Constitution Of Bombay High Court’s Tax Bench w.e.f. 11.03.2019
There will be a change in constitution Of Bombay High Court’s Tax Bench w.e.f. 11.03.2019. The revised constitution is as follows
CBDT Issues SOP Reg Handling Of Cash Deposit Cases & Making Best Judgement Assessment
The CBDT has issued a letter dated 5th March 2019 in which the Standard Operating Procedure (SOP) for handling of cases related to substantial cash deposit during the demonetisation period has been prescribed. The CBDT has spelt out in clear-cut terms how the AO should frame a best judgement assessment in cases where the notice u/s 142(1) is not complied with by the assessee
CBDT Order Reg Promotion Of ITOs To Assistant Commissioners Of Income-Tax
The CBDT has vide Office Order No. 43 of 2019 dated 28th February 2019 stated that the President has appointed several Income Tax Officers to the grade of Assistant Commissioners of Income-tax. The CBDT has also vide Office Order No. 44 of 2019 dated 28th February 2019 extended the appointments of several Assistant Commissioners of Income-tax
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