CBDT Issues Circular To Clarify Law On Low Tax Effect Circulars
The CBDT has issued Circular No. 5/2017 dated 23.01.2017 in which it has clarified the impact of Circular No. 21/2015 dated 10.12.2015 and Circular No. 8/2016 with regard to the non-filing of appeals...
View ArticleITAT Members And Tax Bar Celebrate Foundation Day
On 25th January 2017, the Income Tax Appellate Tribunal celebrated its 76th Foundation Day. Hon'ble Justice Dev Darshan Sud (Retd), the President of the ITAT, invited the members of the Tax Bar to join...
View ArticleSupreme Court To Probe Govt’s Lethargy In Appointment Of President & VPs Of ITAT
A PIL has been filed in the Supreme Court in which serious issues with regard to the inaction by the Government on the important issues of appointment of the President and the Vice Presidents of the...
View ArticleCBDT Issues Circular To Clarify Law On Implementation Of GAAR Provisions...
The CBDT has issued Circular No. 7 of 2017 dated 27.01.2017 in which it has provided important clarifications on implementation of GAAR (General Anti-Avoidance Rule) provisions under the Income-tax...
View ArticleCBDT Orders Reg Promotion Of IRS Officers As Joint Commissioners Of Income-Tax
The CBDT has issued Order No. 12 of 2017 stating that the President has extended the ad-hoc appointment of several IRS officers to the grade of Joint Commissioner of Income-tax from 01.01.2017 to...
View ArticleCBDT Orders Of Postings And Transfers Of Commissioners Of Income-Tax
The CBDT has vide Order Nos. 14 and 15 of 2017 dated 27.01.2017 ordered the posting and transfer of officers in the grade of Commissioner of Income-tax with immediate effect and until further...
View ArticleDownload Finance Bill 2017 With Key Highlights, Speech Of Finance Minister...
The Finance Bill 2017 was introduced today, 1st February 2017, in Parliament. A copy of the Finance Bill 2017, together with the key highlights, speech of the Hon'ble Finance Minister and the...
View ArticleSupreme Court Hauls Up High Court Judge For Alleged Contempt
In a historic and unprecedented decision, a seven judge Bench of the Supreme Court has initiated contempt of Court proceedings against a sitting judge of the High Court. The learned Judge has been...
View ArticleCBDT Promotes Officers To Post Of Principal Commissioner Of Income-Tax
The CBDT has vide Order No. 26 of 2017 dated 20.02.2017 promoted several officers to the grade of Principal Commissioner of Income Tax (HAG scale of pay (Rs. 67,000 - 79,0001-) (pre-revised) by...
View ArticleNew ITAT President Appointed Amidst Warm Farewell To Retiring President
Hon’ble Justice (Retd) Dev Darshan Sud was given a warm farewell on the occasion of his retirement from the post of Hon’ble President of the ITAT. The Government has appointed a new President in an...
View ArticleCBDT Issues SOP For Verification Of Cash Transactions Relating To...
The CBDT has issued Instruction No. 03/2017 dated 21.02.2017 by which it has meticulously set out the Standard Operating Procedure (SOP) that has to be followed by the Assessing Officers for...
View ArticleDownload Guide To The Finance Bill 2017 Issued By The Chamber Of Tax...
The Chamber Of Tax Consultants, which comprises of leading Advocates and Chartered Accountants, has released a publication which analyses all the provisions of the Finance Bill 2017 in an in-depth and...
View ArticleSupreme Court Slams Govt For Dragging Feet On Imp Issue Of Appt Of ITAT Prez...
The Supreme Court has passed severe strictures on the inaction of the Government in appointing the President and Vice-Presidents of the ITAT. The very fact that you (Centre) are seeking three months...
View ArticleCBDT Chief Directs Speedy Filing Of Prosecution Complaints And Disposal of...
Hon’ble Sushil Chandra, the Chairman of the CBDT, has addressed a letter dated 7th March 2017 to the Principal Chief Commissioners of Income-tax in which he has bluntly observed that the work relating...
View ArticleCBDT Promotes Officers To Post Of Principal Commissioner Of Income-Tax
The CBDT has vide Order No. 35 of 2017 dated 09.03.2017 promoted several officers to the grade of Principal Commissioner of Income Tax (HAG scale of pay (Rs. 67,000 - 79,0001-) (pre-revised) by...
View ArticleCBDT Chief Fumes At Low Tax Recovery & Demands Stern Recovery Measures To Be...
Hon’ble Sushil Chandra, the Chairman of the CBDT, has issued a directive dated 17.03.2017 in which he has made his displeasure at the “unsatisfactory performance in the area of recovery” very clear....
View ArticleDownload Imp Amendments To Finance Bill 2017 As Introduced In The Lok Sabha
The Government has proposed several landmark amendments to the Finance Bill 2017 including provisions relating to the appointment of, and remuneration to, the ITAT Members. There is also a...
View ArticleCBDT Muzzles Staff From Airing Views To Press & Threatens Disciplinary Action...
The CBDT has issued a directive dated 20.03.2017 stating that some Government servants are unauthorisedly communicating with the Press either in their own name or in pseudonymous names. It has warned...
View ArticleDownload Finance Bill 2017 As Passed By The Lok Sabha
The Finance Bill 2017, as passed by the Lok Sabha today, is available for download. There are several important and landmark amendments proposed in the said Bill. The Finance Bill has 40 amendments....
View ArticleCBDT Order Of Posting And Transfers Of Commissioners Of Income-Tax
The CBDT has vide Order No. 41 of 2017 dated 21.03.2017 ordered the postings and transfers of officers in the grade of Commissioner of Income-tax with immediate effect and until further ordersRead more ›
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