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Faceless Assessment – New provisions in ICES

October 26, 2020 2853 Views 0 comment Print

At times, the appraising officer may have to refer to a previous Bill of Entry of the importer to compare and verify valuation or other related declarations in a Bill of Entry. In many cases, RMS instructions also give reference of some previous Bills of Entry for the officer to check.

Maharashtra permits opening of Gymnasiums from 25.10.2020

October 23, 2020 1110 Views 0 comment Print

In the entire State, Gymnasiums outside the containment zones will be allowed to function from 25th October, 2020. The SOP for the same will be issued by the Public Health Department. The Public Health Department will take into consideration the SOP issued by the Ministry of Health and Family Welfare, Government of India.

Faceless Assessment – Enhancements & certain clarifications

October 21, 2020 1758 Views 0 comment Print

Faceless Assessment – Enhancements and certain clarifications related to reports available to Assessing Officers (AOs and AC/DCs) in ICES – reg.

Extension of ad-hoc appointment of 694 Income Tax Officers

October 20, 2020 1545 Views 0 comment Print

I am directed to refer to the abovementioned subject and to convey concurrence of the Department of Personnel & Training (DoP&T) in respect of 694 officers, as in Annexure-A, for extending the ad-hoc appointment to the grade of Income Tax Officer till 31.12.2020, made by the respective Cadre Controlling Authorities (CCAs).

CBDT revises guidelines for intrusive or coercive tax recovery

October 19, 2020 9639 Views 0 comment Print

Corrigendum to Order under section 119 of the Income-tax Act, 1961 dated 16.10.2020 for exercising power of intrusive or coercive action for recovery of tax demand by Assessing Officers or Tax Recovery Officers. F.No.275/29/2020-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi ******** Dated 19th […]

CBDT issues guideline on power of survey under section 133A

October 19, 2020 10467 Views 0 comment Print

Order under section 119 of the Income-tax Act, 1961 for exercising power of survey u/s 133A of the Income-tax Act, 1961 and in pursuance of The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 Regarding

IRDAI Working Group to Study Cyber Liability Insurance

October 19, 2020 711 Views 0 comment Print

Amid the COVID 19 pandemic, there are rising incidences of cyberattacks and a growing number of high-profile data breaches. It is felt that cybersecurity is the most important need for all sectors today to address the numerous risks posed by cyber-attacks.

388 transfers and postings in Additional/Joint CIT grade

October 16, 2020 1410 Views 0 comment Print

Office Order No. 199 of 2020 The following transfers and postings in the grade of Additional/Joint Commissioners of Income Tax are ordered with immediate effect and until further orders:

111 Transfers/postings in Ad.CIT/JCIT Grade

October 16, 2020 2733 Views 0 comment Print

F.No. A-22012/2/2020-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 16.10.2020 Office Order No. 198 of 2020 The following transfers/postings in the grade of Additional Commissioner of Income Tax (Ad.CIT)/Joint Commissioner of Income Tax (JCIT) in the Investigation Wing/Central Charges are ordered […]

CBDT issues guidelines for intrusive or coercive tax recovery

October 16, 2020 18603 Views 1 comment Print

Any coercive or intrusive action for recovery of tax demands should be taken only after exhausting alternative means of recovery as mentioned in Para 2((i) of Board’s letter F.No. 275/29/2020-(IT(B) dated 21st September, 2020.

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