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Tax - on Death and ContemplationDelhi, Noida schools receive bomb threats; Children sent back homeI-T- Writ court is not required to interfere with assessment order, where assessee also has available option of statutory appeal: HCED seizes Rs 90 Cr stored in crypto in Gaming App scamI-T-Transfer of assessment is sustained, where assessee does not reply to any notice issued in this regard & where valid reasons exist for transferring assessment: HCHM appeals Naxalism will be erased in 2 yrs if Modi voted back to powerI-T - For assessment to be re-opened, it is required that AO should have reason to believe that income of assessee had escaped assessment and said belief should be honest & reasonable: ITATAmerica softens offence related to use of marijuanaI-T - If there was no delay in filing appeal, then no application seeking condonation of delay in filing appeal was filed by assessee: ITATCanada opposition leader calls Trudeau a ‘Wacko’I-T - Rule 11UA does not mentions pre-condition of approval of balance sheet by Annual General Meeting: ITATBinance former CEO jailed for 4 months in money-laundering violationsI-T - Reference could be made to Departmental Valuation Officer only when value adopted by assessee was less than fair market value: ITATMusk fires Tesla’s entire supercharger teamI-T - No revision u/s 263 can be initiated if there was no lack of enquiry on part of Assessing Officer on aspect of allowability of claim of deduction u/s 57: ITATAfter US & UK India comes third in terms of 79 mn cyber attacks in 2023: StudyI-T- If assessee has explained source of deposit from receipt of sale consideration of plot then assessee's explanation cannot be negated to made addition u/s 69A: ITATCore Sector loses steam in March; logs 5.2% growthTrump fined USD 9,000 for ignoring court’s gag orderGST - 1/2017-CTR - Boilers / thermal heaters does not qualify as Waste to Energy Plants and devices - Not entitled for concessional rate of tax: HCCBIC revises tariff value of gold, silver & edible oilsGST - Application for revocation of cancellation of registration - Proper Officer to decide the application within two weeks: HCAir quality in Delhi improved in April monthGST - Merely mentioning that the reply is unsatisfactory while confirming the demand raised is non-application of mind - Proper officer should have sought further documents/details - Matter remitted: HCTRAI extends date for public inputs on auction of spectrumGST - Once registration is cancelled retrospectively, petitioner would not have been able to access online portal and as such would not have received the SCN which led to passing of the impugned order: HCIndian Army hosts lecture on 'Vision 2100'GST - Applicant, a SEZ unit, is not required to pay GST under RCM on specified services subject to furnishing a LUT or bond: AAR
 
CCITs' Annual Conference: CBDT to focus on non-adversarial tax regime

By TIOL News Service

NEW DELHI, MAY 24, 2015: THE Union Finance Minister, Mr Arun Jaitley, will inaugurate the 31st Annual Conference of Principal Chief Commissioners of Income Tax, Principal Director Generals of Income Tax, Chief Commissioners of Income Tax and Director Generals of Income Tax in the national Capital tomorrow.

Mr Jayant Sinha, Minister of State for Finance, Mr Shakti Kanta Das, Revenue Secretary, the senior officials of Revenue Department including M Anita Kapur, Chairperson, CBDT and Members of Central Board of Direct Taxes (CBDT) along with the senior officers of the Ministry of Finance and Income Tax Department will also attend the aforesaid Conference.

The thrust areas at two day Conference are non-adversarial tax regime, expeditious settlement of taxpayers’ grievances and significant expansion of tax base. The participants will deliberate on the strategies to achieve the goals of the Department in these areas. The participants will also deliberate on matters pertaining to income tax investigations and issues relating to human resource development among others. Target for Revenue Collections in case of Direct Taxes has been fixed at Rs.7,97,995 crore during Financial Year(B.E.) 2015-16 which is 14.66 higher than the actual collections of Rs 6,95,988 crore during 2014-15. Besides it, various strategies for revenue augmentation including to augment Advance Tax, TDS Collections, Regular Assessment Tax Collections, Self Assessment Tax, and Dividend Distribution Tax among others will also be discussed during the two day Conference.

The participants will also be addressed by two Guest Speakers, Mr Arvind Panagariya, Vice Chairman, NITI Aayog and Mr Babasaheb Neelkanth Kalyani, Chairman and Managing Director (CMD), Bharat Forge Ltd.

The Conference will provide an opportunity to senior officers of the Income Tax Department to brainstorm and firm-up their approach in regard to priority concerns of the Department. Further, they would share their expertise and domain knowledge and learn from each others’ experiences to better achieve the Department’s objective of providing quality tax payer services in a non adversarial manner. The environment so created is expected to remove barriers to compliance and lead to significant increase in the number of tax payers over the year.


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