The President Is pleased to extend the ad-hoc appointment of the following IRS officers to the grade of Joint Commissioner of Income Tax upto 31.12.2016:-
Mere increase in turnover, because of use of digital means of payment or otherwise , in a particular year cannot be a sole reason to believe that income has escaped assessment in earlier years.
Only such proceedings relating to cases other than winding-up, for which orders for allowing or otherwise of the proceedings are not reserved by High Courts shall be transferred to Tribunal
As you are aware. after notification of the Government on 08.11.2016 declaring the old high denomination currency notes of Rs. 1000/500 invalid from 09.11.2016, investigation Directorates have intensified enforcement actions in detecting serious irregularities, They arc, however, seriously handicapped because of non-availability of manpower.
With reference to the subject cited, I am forwarding herewith the list of 68 eligible candidates categorized in Annexures I to VII, for the Empanelment for Mediation and Conciliation in respect of the region. Ministry may kindly place the said list on the Ministry’s website for future reference.
In partial modification of this Ministry Order of even number dated 30.09.2016, the time period provided to the Expert Group Constituted for looking into the issues related to Audit firms and submitting its report is extended till 15.01.2017.
On and from the date of commencement of this Act, every public servant shall make a declaration of his assets and liabilities in such form and manner as may be prescribed
Reconstitution of Committee to study the feasibility of the recommendations regarding Group Assessment and System of Peer Review Before Assessment
CASS Committee formed for 2016-17 to recommend changes in Income Tax Returns, Income Tax Forms, Third Party information etc., to enable effective scrutiny selection.
It has come to notice that some returns-of-income having ‘claim of refund’ pertaining to Assessment Years 2014-2015, 2013-2014 and 2012-2013 were not processed within the time-frame prescribed under sub-section (1) of section 143 of the Income-tax Act, 1961 (‘Act’).
