CBDT appoints 149 Assistant Commissioner of Income Tax (ACIT) to officiate as Deputy Commissioner

CBDT has appointed 149 Assistant Commissioner of Income Tax (ACIT) to officiate as Deputy Commissioner of Income Tax (DCIT)

149 Assistant Commissioners of Income Tax (Junior Scale) have been appointed to officiate as Deputy Commissioner of Income Tax (Senior Time Scale) in Level 11 in the pay matrix Rs. 67700-208700/- with effect from different date. 

• AO is under an obligation to assign reasons for rejecting explanation of the assessee
• CBIC issues SoP for clearance of imported goods through Foreign Post Offices
• Sale deed executed with full knowledge of only part consideration paid, not void – SC
• No fault in serving notice to last known address when PAN data was not updated – ITAT
• Investment by firm through capital introduced by partners cannot be treated as unexplained