CBDT promotes 94 officers to the grade of Principal Commissioner of Income Tax (PrCIT)
CBDT has issued order no.68 of 2021 dated 19th March 2021 promoting 94 officers to to the grade of Principal Commissioner of Income Tax (PrCIT) level 15 in the pay matrix Rs. 182200-224100 on in-situ basis with immediate effect.
Out of 94 promotions, 2 relates to Panel Year 2018 and 92 are related to Panel Year 2019
- AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT
- Shareholders can’t be taxed for income from properties owned by the company – HC
- Jurisdictional error in reassessment approval can’t be shielded by the law of limitation
- ITAT ought to remanded whole matter of bogus purchases instead of profit determination
- Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A
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