CBDT Corner

CBDT records sharp increase of 184% in prosecutions of tax evaders

After intensifying the efforts against Benami transactions, IT Department today highlights increase in criminal prosecution proceedings in a large number of

Jan 12,2018

IT Dept. intensifies action against Benami transactions, attaches over Rs. 3500 crore worth properties

Income-tax Department steps up actions under Prohibition of Benami Property Transactions Act (‘the Benami Act’) with strive to curb black

Jan 11,2018

CBDT : Lays down process for intimating taxpayers and seeking response on proposed adjustments u/s. 143(1)(a)(vi)

CBDT lays down process, manner and scenario(s) for filing response by taxpayers pursuant to IT Department's proposal for adjustments u/s.

Jan 11,2018

CBDT : Companies facing corporate insolvency resolution process allowed loss set-off under MAT

Government Press Release provides for relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of

Jan 08,2018

CBDT to seek restoration of select 'struck-off' companies to protect Revenue’s interest

CBDT lays down situations whereby request/appeal for restoration of name of the struck off company with retrospective date from the

Jan 02,2018

CBDT: Announces promotions of over 250 IRS officers at Chief/Joint Commissioner levels

CBDT promotes 28 IRS officers to the grade of Chief Commissioner of Income-tax (‘CCIT’), consequent upon the approval of the

Dec 30,2017

Prescribes alternative communication addresses for service of notice, summons & orders to taxpayers

CBDT amends Rule 127 of the Income-tax Rules relating to service of notice, summons, requisition, order; Amended Rule inserts new

Dec 22,2017

CBDT extends last date for linking of Aadhaar with PAN to March 31, 2018

CBDT extends the last date for linking of Aadhaar with PAN from December 31, 2017 to March 31, 2018

Dec 08,2017

CBDT Chairman expresses disappointment over low tax collection, calls for accelerated efforts

CBDT Chairman, Mr. Sushil Chandra writes to Principal CITs calling for accelerated efforts on revenue collection; Noting that actual all

Dec 07,2017

CBDT highlights 7 red flags to identify post-demonetisation cash deposit cover-ups

CBDT's internal note to the Senior Revenue officers highlights taxpayers trying to build an explanation for cash deposits in their

Nov 25,2017