The CBDT has vide Order No. 137 of 2017 dated 16th August 2017 promoted several officers to the grade of Principal Commissioner of Income-tax (level 15 In the pay matrix Rs. 1,82,200 – 2,24,100) wef the date of assumption of charge of the post or until further orders

Two Hon’ble Members of the ITAT, being a Judicial Member and an Accountant Member, have been transferred with effect from 16th August 2017 in public interest.

The Companies (Amendment) Bill, 2017 carries out important amendments to the Companies Act, 2013. The Bill was passed by the Lok Sabha on 27th July 2017. The Bill incorporates amendments in relation to structuring, disclosure and compliance requirements for companies

The Directorate of Income-tax (Recovery & TDS) has addressed a directive dated 10th July 2017 in which it has stated that in order to expedite the reduction of bad debts of the Government and the Department, the Directorate of Recovery has compiled a list of a total of 186 cases pending for Write-Off of Rs.25 lakhs and above as on 01.04.2016 in different charges across India

The Income Tax Appellate Tribunal conducted a seven day residential refresher course for the Hon’ble Members which was held from 16th July 2017 to 23rd July, 2017. The inaugural session was attended by several eminent legal luminaries, each of whom offered valuable and practical suggestions to improve the working of the ITAT. A gist of the suggestions, together with a few pictures which were clicked on the occasion, are available

The Constitution of the Bombay High Court’s Tax Bench w.e.f 07.08.2017 is as follows

The CBDT has issued Office Memorandum dated 31st July 2017 by which it has amended the conditions stipulated in the earlier OM dated 29.02.2016 pursuant to which the AO is empowered to grant a stay of the outstanding demand till the disposal of the appeal by the CIT(A)

The CBDT has vide orders Nos 126, 127, 128 and 129 of 2017, all dated 1st August 2017, ordered the postings and transfers of officers in the grade of Deputy, Assistant, Joint, Additional and Commissioner of Income-tax

Further to the press release dated 31.07.2017, the CBDT has issued an order dated 31.07.2017 under section 119 of the Act to extend the due date for furnishing the return of income for AY 2017-18

The CBDT has issued a press release dated 31st July 2017 on the issue of extension of the due date for filing the return of income and the linking of PAN with Aadhaar