CBDT order-Promotion, additional charge and jurisdiction in the grade of PrCCIT and JCIT

CBDT order-Promotion, additional charge and jurisdiction in the grade of PrCCIT and JCIT

CBDT has issued three separate orders for promotion, additional charge and jurisdiction in the grade of Principal Chief Commissioner of Income Tax, Pr. CCIT / CCsIT and Joint Commissioners of Income­ Tax.

(a) Order u/s 120(1) of the Income-tax Act, 1961 
112 number of JCITs to perform the functions of DCIT/DDIT

(b) Office order 18 of 2020
Additional charges of CCIT/PrCCIT/DGIT given to six Officers

(c) Office Order 19 of 2020
Five Officers promoted to the grade of Princiap Chief Commissioner of Income Tax

• 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