Hon’ble Shri P. K. Bansal, the Vice-President of the ITAT, has issued an important directive dated 12th May 2017 with regard to the fixation of stay applications for hearing.
The CBDT has issued Order No. 80 of 2017 dated 18.05.2017 by which it has directed the postings and transfers of several officers in the grade of Assistant And Deputy Commissioners Of Income-tax with immediate effect and until further orders
The CBDT has released “Draft Income Computation and Disclosure Standards on Real Estate Transactions”prepared by the Committee constituted by the Finance Minister. The draft ICDS is based on the Guidance Note issued on Real Estate Transactions issued by Institute of Chartered Accountants of India (ICAI). For the purposes of providing uniformity and certainty and harmonising the same with provisions of the Act, the committee suggested certain changes in draft ICDS. The CBDT has requested stakeholders to offer comments on the draft ICDS
Yet another senior IRS officer has fallen into the clutches of the CBI. He demanded a bribe of Rs. 15 crore and was caught red-handed accepting the first installment of Rs. 1.25 crore
The Constitution of the Bombay High Court’s Tax Bench w.e.f 05.06.2017 is as follows