CBDT Sets Out Procedure For ‘Naming & Shaming’ Tax Defaulters
The CBDT has issued a directive dated 21st July 2017 in which it has called for the names of defaulters as on 31st March 2017 where the undisputed demand exceeds Rs. 1 crore. The names of these...
View ArticleCBDT, Irked At Non-Compliance By Dept With Audit Objections Procedure, Sets...
The CBDT has issued Instruction No. 07 /2017 dated 21st July 2017 in which it has lamented that in spite of a comprehensive instruction with well-defined role & responsibilities of various...
View ArticleCBDT Circular Reg TDS Deduction On GST Component On Services
The CBDT has issued Circular No. 23 of 2017 dated 19th July 2017 in which it has clarified that wherever in terms of the agreement or contract between the payer and the payee, the component of ‘GST on...
View ArticleNDTV Casts Aspersions On ITAT For Order On Rs. 642 Cr Scam
NDTV has attacked the Income-tax department and ITAT for the order holding that the former was guilt of perpetrating a scam which evaded tax on Rs. 642 crore. NDTV has claimed that the ITAT’s order is...
View ArticleCBDT Circular Of Clarifications (FAQs) On Computation of S. 115JB Book Profit...
The CBDT has issued Circular No. 24/2017 dated 25th July 2017 in which it has provided clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section...
View ArticleNew ITAT Bench At Surat Formed By Transfer From Kolkata Bench
Vide Order dated 24th July 2017, the Hon’ble President of the ITAT has directed that a Bench in Kolkata be transferred to Surat. The jurisdiction of the Surat Bench will be the Districts of Bharuch,...
View ArticleTaxpayers Fume As CBDT Makes Mockery Of ‘Digital India’ Dreams With Faulty...
The CBDT had to again face the embarrassment of having to extend the due date for filing returns of income because its website crashed. The question is that if this is the sorry state of affairs with...
View ArticleCBDT Press Release Regarding Extension Of Due Date For Filing ROI & Linking...
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 AadhaarRead more ›
View ArticleCBDT Order Issued U/s 119 To Extend Due Date To File Return Of Income For AY...
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 2017-18Read...
View ArticleCBDT Transfer & Posting Orders Of Deputy, Assistant, Joint, Addl And...
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...
View ArticleCBDT Modifies Guidelines For Stay Of Demand By The AO
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...
View ArticleBombay High Court’s Tax Bench Constitution w.e.f 07.08.2017
The Constitution of the Bombay High Court’s Tax Bench w.e.f 07.08.2017 is as followsRead more ›
View ArticleEminent Legal Luminaries Offer Practical Suggestions To Improve Working Of...
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...
View ArticleIncome-tax Dept To Write Off Irrecoverable Tax Demands To Reduce ‘Bad Debts’
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...
View ArticleDownload The Companies (Amendment) Bill, 2017 As Passed By The Lok Sabha
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...
View ArticleTransfer Of Hon’ble Members Of The ITAT (August 2017)
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. Read more ›
View ArticleCBDT Order Promoting Officers To Post Of Principal Commissioner Of Income-tax
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...
View ArticleTop Lawyers Protest Allegation Of ‘Bias’ Against High Court Judge By State Govt
In an astonishing incident, the Maharashtra State Government has alleged that a senior High Court judge is ‘biased’ against it and sought transfer of its cases from his Court. While the judge declined...
View ArticleSupreme Court To Examine Validity Of The Tribunal Members Rules 2017
The infamous 'Tribunals, Appellate Tribunals and Other Authorities (Qualifications, Experience And Other Conditions of Service of Members) Rules, 2017' is under attack from several fronts. The Supreme...
View ArticleITAT Mumbai Will Work Today But Matters Will Be Adjourned If Parties Are...
The ITAT, Mumbai Bench, has announced that due to the disruption caused by heavy rains, matters in which the parties are unable to attend will be adjourned. No matters will be decided ex-parte. This...
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