All the formations and officers under your jurisdiction should be duly sensitised to step up the preventive vigilance mechanism to rule out illicit movement of currency and commodities;Suitable directions may be given to the formations and officers under your jurisdiction to conduct effective checking and surveillance during the election period to curb illegal activities;
Central Board of Indirect Tax and Customs is in the process of drawing a penal of Experts in the area of Financial Crime and Fraud Investigation, Money Laundering and Preventing Corruption for posting in the Maldives. The tenure of deputation is for one year.
It has been stated that ‘object of LIP is Mainly for professional services and not manufacturing activity’ Further, it has also been stated that ‘conversion of company doing manufacturing activity into LLP should not be allowed’ and other conversions of Company to LLP are not to be allowed easily and the compliances should be checked prior to conversion.
The Central Government has decided to continue the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs. 2900 crore beyond 12th Plan for three years from 2017-18 to 2019-20 recommended by the Expenditure Finance Committee (EFC).
Since number of petitions on similar issue have been filed in various High Courts throughout the country, the undersigned has been directed to request you that Hon’ble High Courts may please be apprised of the fact that the similar issue is sub-judice before the Hon’ble Supreme Court, so that any adverse interim/final order by the respective High Courts may be avoided.
SOP for handling of cases related to substantial cash deposit during the demonetisation period in which notice under section 142(1) of the Income-tax Act, 1961 has not been complied-regd.-
Revision of the target for collection of Corporation Tax from Rs.6,21,000 Crore to Rs. 6,71,000 Crore under Revised Estimates (RE), the region-wise revised targets for Corporation Tax fixed on the basis of current trends of growth and revenue potential of the regions, are as under: –
In view of high pendency of B-1 to B-3 cases, the Principal Chief Commissioners of Income Tax (CCA) have been authorized by the Central Government to assign additional charges of vacant post of CsIT(A) under their jurisdiction to CsIT posted in their region for a period not exceeding 3 months or until further order, whichever is earlier to ensure speedy disposal of pending B1 to B-3 category of appeals before CsIT(A).
CBDT busts Bogus donation racket under section 35(1)(ii) of Income-tax Act, 1961– Rural Development Society , Hyderabad. It raised substantial donations on the basis of forged certificates and claimed weighted deduction u/s.35(1)(ii) of the The amount of donations raised during the Assessment Years i.e. 2016-17 & 2017-18. president of the Society had admitted that they […]
Processing of Return of AY 2017-18 and Issue of notice for prima facie adjustment under 143(1)(a) (PFA notice) ITBA-ITR Processing Instruction No. 6 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/112/16-17/ Dated: 20.02.2019 To All Principal Chief Commissioners of Income-tax/CCsIT All Principal Director Generals […]
