ORDER NO. 189 OF 2017 Following officers in the grade of Additional Commissioner of Income Tax are, hereby, promoted to the grade of Commissioner of Income Tax (level 14 in the pay matrix Rs.1,44,200 – 2,18,200) against the panel year 2015-16 and 2016-17 w.e.f. the date of assumption of charge of the post and until further orders:-
Inputs subject to tax at a higher rate than the rate applicable on outward supplies of goods or services commonly known as ‘inverted duty structure’ could result in a situation where the registered person has accumulated input credit.
The news that recapitalization of public sector banks with a sum of Re 2,11,000 Crores by public release of a news item by the Central government to clean up the legacy of Non- Performing Assets
