Eminent Jurist Warns Of "Greatest Disaster" In Appointment Of "Criminal" Ex-CBDT Chief As CVC
Eminent Jurist Ram Jethmalani has launched a blistering no-holds-barred attack to challenge the appointment of K. V. Chowdary, the former CBDT Chairman, as the new Central Vigilance Commissioner ("CVC").
CBDT Clarification Regarding Prosecution of Tax Evaders With Stringent Action
The CBDT has issued a press release stating that the news in the media that the CBDT has told its officers to go beyond raids and searches to target tax evaders is not correct. It has been clarified that effective and stringent action will be taken only in known and big cases of tax evasion to demonstrate to the large number of compliant tax payers that the tax laws are just and fair and to encourage voluntary tax compliance
CBDT Directive For Expeditious Disposal Of S. 154 Rectification Applications During FY 2015-16
The CBDT has addressed a letter dated 5th June 2015 expressing concern that the rectification applications u/s 154 filed by the taxpayers before the field officers are not being dealt with promptly. It is pointed out that the Citizen's Charter of the Department requires that applications for rectification are to be disposed of within two months from the end of the month in which application is received. The CBDT has directed that all rectification applications that were received up to 31″ March 2015 should be disposed of on or before 20th June 2015. It I stated that the Income-tax Department is committed to prompt redressal of taxpayer grievances and all the officers of the Department are expected to take lead in fulfilling this commitment.
Regards,
Editor,
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Latest:Navin Kumar Agarwal vs. CIT (Calcutta High Court)
S. 158BE: The search ends, and the period of limitation begins, only on the drawing up of the formal panchnama to record the ending of the search. The argument that the search is concluded on the date of the search itself if nothing is seized thereafter is not acceptable
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