CBDT promoted 97 Officers to the grade of Principal Commissioner of Income Tax (PCIT). Also, few transfers and assignment have also been made in the grade of PCIT.
- It is surprising that Postal and Income Tax Department have not been integrated -HC
- Income Tax cracks down on bogus claims of deductions & exemptions claimed in ITR
- Order u/s 263 without mentioning Section AO should have made addition quashed
- No penalty u/s 271E or 271D without recording satisfaction in assessment order
- Deduction allowed u/s 48 of housing loan interest paid over & above claimed u/s 24(b)
