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Archive: 31 December 2018

Posts in 31 December 2018

Allotment of Additional Charges in Pr.CCIT / Pr.DGIT / CCIT / DGIT Grade

December 31, 2018 2292 Views 0 comment Print

OFFICE ORDER NO. 223 OF 2018 The following officers in the grade of Pr. CCIT / Pr. DGIT / CCIT / DGIT are. hereby, ordered to hold the charge(s) as indicated against their names, in addition to their substantive charge / additional charge (s), if any, being held by them, with immediate effect and until further orders: –

Appointment of 183 IRS officers in the grade of ACIT (Junior Scale)- Reg.

December 31, 2018 7752 Views 0 comment Print

OFFICE ORDER NO. 221 OF 2018 The President is pleased to appoint the following officers of Indian Revenue Service to the grade of Joint Commissioner of Income Tax (JCIT) purely on ad-hoc basis in Level — 12 in the pay matrix Rs. 78800-209200, for a period of one year, w.e.f. 01.01.2019

Critical steps to complete time barring work u/s 143(3), 147, 153 A/C on 31.12.2018

December 31, 2018 906 Views 0 comment Print

We are in the final phase of completion of the time barring work u/s 143(3), 147, 153 A/C before the midnight of 31st Dec 2018. Please find attached the latest position in MIS as available on system. At this critical juncture it is pertinent to draw attention to some critical tasks which must be completed by Assessing Officers (AO) by 4 pm today to avoid any last minute glitches in passing of orders in all the time barring cases as under:

Office Order No. 222 of 2018 – Posting of Officers as Pr. CIT (OSD)

December 31, 2018 1605 Views 0 comment Print

F.No. A-22011/1/2018-Ad.VI-(Part) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi The 31st December, 2018 Office Order No. 222 of 2018 On return from Deputation. the following officers are. hereby, posted as Pr. CIT (OSD) in the Principal (CCA) CCIT Region as indicated against their […]

Mandatory Physical settlement of stock derivatives

December 31, 2018 1200 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD/DOPI/CIR/P/2018/161 December 31, 2018 To All Recognized Stock Exchanges Dear Sir/ Madam Physical settlement of stock derivatives 1. Please refer to SEBI circular SEBI/HO/MRD/DP/CIR/P/2018/67 dated April 11, 2018 captioned ‘Review of Framework for Stocks in Derivatives Segment’. 2. In furtherance to the aforesaid circular, it has been decided […]

IGST on Goods warehoused in FTWZ & supplied to a DTA unit

December 31, 2018 28551 Views 0 comment Print

In re M/s. The Bank of Nova Scotia (AAR Tamilnadu) 1. Whether IGST is payable on Goods warehoused in FTWZ and supplied to a DTA unit, in addition to the customs duty payable [i.e. Basic Customs Duty(BCD) + IGST] on removal of goods from the FTWZ unit? 1. For supply of warehoused goods, while being […]

Order No. 222/2018- Posting of Officers as Pr. CIT (OSD)

December 31, 2018 1248 Views 0 comment Print

OFFICE ORDER NO. 222 OF 2018 On return from Deputation, the following officers are, hereby, posted as Pr. CIT (OSD) in the Principal (CCA) CCIT Region as indicated against their names, as per TPG, 2010, with effect from the date of their reporting back to the Board and until further orders: –

Notification No. 21 Appointment of 164 ACITs to officiate as DCITs

December 31, 2018 774 Views 0 comment Print

Notification No. 21 The following Assistant Commissioners of Income Tax (Junior Scale) are, hereby, appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in Level 11 in the pay matrix Rs. 67700-208700/- with effect from the date as indicated against their name or the date of assumption of charge, whichever is later: –

Restriction on Import of Peas from 01.01.2019 to 31.03.2019

December 31, 2018 1368 Views 0 comment Print

Import of Peas (Pisum sativum) Including Yellow peas, Green peas, Dun Peas and Kaspa Peas Restricted for the period from 01st January, 2019 to 31st March, 2019

Disallowance of Interest -Alleged conversion of shares held as opening stock to investments 

December 31, 2018 996 Views 0 comment Print

Where AO had made addition of proportionate interest paid on borrowed funds on the allegation that assessee dealing in share-trading had converted its opening stock of shares to investments, the matter was remanded back to AO to determine the actual date of conversion of shares before computing any disallowance.

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