CBDT order-Transfers/ postings in the grade of Addl. CIT & JCIT in Investigation Wing/Central Charges

CBDT order for transfers/postings in the grade of Addl. CIT and JCIT in Investigation Wing /Central Charges  

CBDT has made 111 transfers/postings in the grade of Additional Commissioner of Income Tax (Addl. CIT) and Joint Commissioner of Income Tax (JCIT) in the Investigation Wing /Central Charges.

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• Taxes on sales comprising in turnover to be excluded for estimating net profit
• Capital contribution deposited in assessee’s bank not partnership firm – Addition 69A upheld
• Bail granted to a CA accused in a GST evasion of more than 40 crores
• Every provision invoked casts a different onus, quoting wrong section prejudice the assessee
• Liability under MV Act can’t be decided on the grounds of sympathy alone – Supreme Court