Reduce Court Holidays To Improve Efficiency & Reduce Pendency Of 3.5 Cr...
The Economic Survey 2019 has identified several root causes for the mammoth pendency of 3.5 crore cases in Courts. It has offered valuable suggestions for improving efficiency, which includes reducing...
View ArticleITAT Indore Bench Celebrates Golden Jubilee
Indore Bench of ITAT was set up on 2nd June 1969 and completed glorious 50 years discharging its function efficaciously and effectively in the justice delivery mechanism on direct tax matters. There...
View ArticleCBDT Demands 100% Disposal Of Appeals By CsIT(A)
The CBDT has sent the clear signal in the Central Action Plan 2019-20 that it will no longer tolerate the lethargy of CsIT(A) in the matter of disposal of appeals. It has pointed out that huge tax...
View ArticleImp CBDT Clarification Reg Disclosure Of Long-Term Capital Gain In Income Tax...
The CBDT has issued an important clarification regarding the requirement to furnish scrip wise details of long term capital gains in Schedule 112A and 115AD(1)(iii)Read more ›
View ArticleChange In Constitution Of Bombay High Court’s Tax Bench w.e.f. 13.08.2019
There will be a change in the constitution of the Bombay High Court’s Tax Bench w.e.f. 13.08.2019Read more ›
View ArticleDownload The Finance (No. 2) Act, 2019
The Finance (No. 2) Act, 2019 received the assent of the President on the 1st August, 2019, and is now available for downloadRead more ›
View ArticleCBDT Further Enhances Monetary Limits For Filing Appeals By Dept
The CBDT has vide Circular No. 17/2019 dated 8th August 2019 further enhanced the monetary limits for filing of appeals by the Department before the Income Tax Appellate Tribunal (ITAT), High Courts...
View ArticleCBDT Circular Clarifies Law Reg Filling-Up Of ITR Forms For AY 2019-20
The CBDT has issued Circular No. 18 of 2019 dated 8th August, 2019 in which it has provided important clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20. The...
View ArticleCBDT Accepts That Grant Of “Incentives” To CsIT(A) For Passing “Quality...
The CBDT has issued Office Memorandum dated 9th May 2019 in which it has fairly decided to accept the verdict of the Bombay High Court in Chamber of Tax Consultants v. CBDT (2019) 263 Taxman 551 that...
View ArticleS. 56(2)(viib): CBDT Circular Reg Assessment Of Start up Companies
The CBDT has vide Circular No. 16/2019 dated 7th August 2019 provided clarification with respect to assessment of Start up Companies involving application of section 56(2)(viib) of the Income-tax Act,...
View ArticleS. 56(2)(viib): CBDT Clarification Reg Valuation Of Shares Of Startup Companies
The CBDT has issued a directive dated 9 August, 2019 by which it has provided clarification with respect to valuation of shares of Startup Companies involving application of Section 56(2)(viib) of the...
View ArticleTax Officials Who Harass Honest Taxpayers Will Be Dismissed From Service: PM...
Prime Minister Narendra Modi has sent the chilling warning to all unscrupulous tax officials who harass honest taxpayers with a view to extorting money from them that their shenanigans will no longer...
View ArticleTransfer Of ITAT Member (August 2019)
Pursuant to an order dated 9th August 2019 passed after consultations with the Collegium of Income Tax Appellate Tribunal, consisting of the President and two senior most Vice Presidents, a Judicial...
View ArticleCBDT Bans Issue Of Notice, Order Etc Without DIN To Ensure Proper Audit Trail
The CBDT has issued Circular No. 19/2019 dated 14th August 2019 by which it has exercised its powers under section 119 of the Income-tax Act, 1961 and directed that no communication shall be issued by...
View ArticleCBDT Order Of Transfers & Postings Of Addl And Joint Commissioners Of Income-tax
The CBDT has vide Office Order No. 171 of 2019 dated 14.08.2019 ordered the transfers and postings of several officers in the grade of Additional and Joint Commissioners of Income-taxRead more ›
View ArticleTransfers Of Five Hon’ble Members Of The ITAT (August 2019)
Pursuant to the consultations with the Collegium of the Income Tax Appellate Tribunal, consisting or the President and two senior most Vice Presidents, five Hon’ble Members have been transferred in the...
View ArticleCBDT Clarifies That Monetary Limits On Dept Appeals Applies To Pending...
The CBDT has issued a directive dated 20th August, 2019 in which it has clarified that the enhanced monetary limits stipulated in Circular No. 17/2019 dated 8th August, 2019 is applicable to all...
View ArticleCBDT Denies Rumors Regarding Extension Of Due Date For Filing Return
The CBDT has issued a statement that an order being circulated on social media pertaining to extension of due dt for filing of IT Returns is not genuine. Taxpayers have been advised to file Returns...
View ArticleCBDT Order Of Transfers & Postings Of Joint And Additional Commissioners of...
The CBDT has vide Office Order No. 184 of 2019 dated 26.08.2019 ordered transfer/postings (Local changes) of the officers in the grade of Joint Commissioner/Additional Commissioner of Income Tax with...
View ArticlePMO Demands Info From CBDT On Withdrawal Of Low-Tax Effect Appeals By Dept
The Prime Minister's Office (PMO) is personally monitoring whether the Department is complying with the directive to withdraw low-tax effect appeals as set out in CBDT's Circular Circular no. 17 of...
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