Instructions

Assessment of Defective Income Tax Return Selected For Scrutiny Under CASS- Procedure

F.No. System/ITBA/CASSlDefective returns/17 -18/ (12/12/2017)

During CASS Cycle 2016, some of the returns of income which earlier were treated as defective as per provision of section 139(9) of Income Tax Act, 1961 (‘Act’) either for the reason that the taxes as per the return were not paid or for any other reason specified therein were also selected for scrutiny....

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Step up collections from arrear & current Recovery surveys: CBDT to Officers

F. No.: 385/17/2016-IT(B) (06/12/2017)

Take all measures to step up collections from arrear and current Recovery surveys should be carried out in a large number of suitable cases after due diligence. The powers of attachment and sale of moveable property should be invoked to effect recoveries where regular measures to recover the demand have not been successful. ...

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Complete Compliance Audit of Exempted/ Relaxed Establishments by 31.12.2017: EPFO

No-C-Ex/Misc/Comp.Audit/2015/19761 (05/12/2017)

It has come to the notice that some of the field offices have not yet completed the task of Compliance Audit of the Exempted/ Relaxed Establishments falling under their territorial jurisdiction by a special drive. Therefore, it is again reiterated to complete this exercise by 31st December, 2017 positively and report to Head Office by e-m...

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MCA highlights Irregular certification of ROC e-forms

Ref: RD/NER/406 (01/12/2017)

Various e-forms AOC-4 were certified by you stating- I declare that I have been duly engaged for the purpose of certification of this form. It is hereby certified that I have gone through the provisions of the Companies Act, 2013 and Rules there under for the subject matter of this form and matters incidental thereto ...

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Analyse / Compare Zonalwise GST Revenue with Pre-GST Period

No. Mem(Zone)/Budget/2017 (01/12/2017)

It appears that all the data may not be available in the field formations at the registration level for the purpose of revenue comparison and analysis. However, revenue analysis of all those tax payers which were our assesses in the pre-GST period may be done by the field formations and comparison be made of CGST revenue with revenue tren...

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Unauthorized expansion of scope of limited scrutiny- CBDT suspends officers

F.No. DGIT(Vig.)/HQ/SI/2017-18 (30/11/2017)

It was found that no reasons had been recorded for expanding the scope of limited scrutiny, no approval was taken from the PCIT for conversion of the limited scrutiny case to a complete scrutiny case and the order sheet was maintained very perfunctorily. This gave rise to a very strong suspicion of mala fide intentions. The Officer concer...

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Additional allocation-MEIS rate for ready made garments and made ups increased to 4%

F No. 805/582015-DBK (24/11/2017)

I am directed to refer to OM No. 01/61/180/68/AM15/PC-3 dated 23.11.2017 seeking additional allocation of Rs. 1143 15 Cr for FY 2017-18 and Rs 685.89 Cr for FY 2018-19 for increasing MEIS rate for ready made garments and textile made ups sector from 2% to 4%...

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Scrutiny assessments of revised/belated returns post-demonetisation

F. No. 225/391/2017/ITA.II (24/11/2017)

In case of a belated return, it would be crucial to examine the trend and business practices of a particular assessee while ascertaining the legitimacy of the transactions disclosed in a belated return, filed post-demonetisation....

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List of cases in which insolvency/liquidation proceedings started under IBC-2016

F. No Addl DIT(R)/BIFR/2017-1818/1062 (23/11/2017)

The region wise jurisdiction of corporate cases updated on the website of Insolvency and Bankruptcy Board of India (www ibbi.gov in) from 01-11-2017 till 20-11-2017 has been ascertained from the CBN query in AIS module available in ITD and is enclosed herewith in Annexure-1 for necessary action at the end of the Assessing Officers...

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Eligibility of dumpers imported for Coal Mines for benefits under Project Import Regulations

Instruction No. 17/2017-Customs (20/11/2017)

The Board has received references regarding eligibility of dumpers which are used in coal mines, for benefits under Project Import Regulations. The issue was examined in the past and it was clarified to the field formations that dumpers imported for Coal Mines are not eligible for Project Import benefits.zx...

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