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 maintaining their inter- se-seniority w.e.f. the date of assumption of charge of the post. The CBDT has also stated that the promotion of certain officers will be on notional basis from the date their juniors were promoted and actually from the date of assumption of charge of the post, whichever is earlier
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 Explanatory Memorandum, is available for download
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 orders
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 30.06.2017.
The CBDT has also issued Order No. 13 of 2017 dated 25th January 2017 stating that the President has promoted several IRS officers to officiate on regular basis in the grade of Joint Commissioner of Income-tax in the pay band 3 – Rs. 15,600 – 39,100 + (7,600 – Grade Pay) (pre-revised) with immediate effect
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 Act, 1961
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 the celebrations. A large number of Hon’ble Members of the ITAT as well as distinguished members of the Tax Bar graced the occasion. The dignitaries recalled the stellar contribution of the ITAT to the cause of justice and pledged to ensure that the ITAT would live up to its objective of Sulabh Nyay, Satwar Nyay (Easy Justice, Quick Justice)
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 by the department in cases where the tax effect does not exceed the specified monetary limits