CBDT orders restructuring of I-T dept; Aims to weed out anomalies in faceless regimeThe Central Board of Direct Taxes (CBDT) has constituted a task force to restructure the entire Income-tax department. The panel, which com...
28 Dec, 2021, 05.27 PM IST
Parliamentary panel seeks action against IT officers for irregular expenses assessment on freebies to doctorsThe panel noticed 3 cases in Maha in which the AO had allowed the expenses on physician samples given free to doctors involving tax effect ...
17 Feb, 2019, 11.28 AM IST
Government should not resort to coercive methods to recover taxes: Parliamentary PanelDepartment Related Parliamentary Standing Committee on Commerce expressed concern over the tax related controversy of some multinational co...
21 Dec, 2015, 08.21 PM IST
Black money: CBDT rejigs committee to handle FATCA casesCBDT has rejigged a special committee formed to secure confidential tax data and initiate a check on instances of black money.
12 Jul, 2015, 01.28 PM IST
CBDT forms six-member panel to reduce income tax disputesThe committee will carry out detailed analysis of appellate orders and assessment orders on various aspects and recommend steps to reduce l...
18 Jul, 2014, 04.00 AM IST
CBDT constitutes panel to suggest steps to reduce litigationThe CBDT today constituted for the first time a six-member panel to examine the "efficacy" of the existing primary litigation mechanism in ...
17 Jul, 2014, 07.06 PM IST
- CBDT disagrees with Shome panel, wants GAAR from next fiscal
CBDT is believed to have favoured implementation of the anti-tax avoidance rules GAAR from the next financial year.
08 Nov, 2012, 09.00 PM IST
- CBDT panel for tax accounting norms for computing income of realty developers
A high-level CBDT panel has suggested framing of tax accounting standards (TAS) for computing precise income of real estate developers.
26 Oct, 2012, 08.38 PM IST
CBDT opposes Shome Committee proposal to defer GAAR by 3 yearsThe country’s apex tax body, the Central Board Of Direct Taxes (CBDT), has opposed Shome Panel’s proposal to defer the implementation of th...
23 Oct, 2012, 12.59 PM IST
- CBDT panel on black money gets third extension
CBDT Chairman-led committee on combating black money has been given yet another extension and it is now expected to submit its final report...
12 Mar, 2012, 06.20 PM IST
- Central Board of Direct Taxes raises questions on CAG’s 2G scandal loss estimates
Income-Tax Department do not calculate losses on a presumptive basis, CBDT has written to JPC investigating the 2G scandal.
13 Dec, 2011, 02.25 AM IST
- Black money:Finance Ministry panel gets over 3,000 responses
The high-level Finance Ministry committee on curbing the menace of blackmoney has received more than 3,000 comments from general public.
07 Dec, 2011, 09.44 AM IST
- Panel on black money likely to meet this week
The panel to examine one of Ramdev’s key recommendation to declare black money as a national asset is expected to meet this week.
07 Jun, 2011, 03.36 AM IST
Dedicated cell to monitor earnings, spending and assets of HNIs proposedRobust and dedicated data centres have been recommended for creation of 360-degree profiles of HNIs to ensure proper monitoring.
03 Jun, 2011, 12.50 PM IST
- No taxman role in Radia leaks: CBDT
Media reports on Sunday had claimed that the tapes of telephonic intercepts were leaked by senior income tax officials.
28 Feb, 2011, 04.39 AM IST
- CBDT panel to formulate safe harbour provisions
CBDT has set up a committee to formulate rules that would enable the income tax authorities to accept the transfer pricing returns without ...
11 Jan, 2010, 04.31 AM IST
- Officials hearing transfer pricing cases kept out of dispute panel
To ensure impartiality in adjudication of transfer pricing disputes, the CBDT has decided that commissioners associated with transfer prici...
30 Nov, 2009, 04.49 AM IST