Income Tax

Department worked tirelessly during the FY 2016-17 for making the flagship schemes of the Government truly successful – CBDT Chairman

Department  worked tirelessly during the  FY 2016-17 for making the  flagship schemes of  the Government truly successful – CBDT Chairman

CBDT Chairman Shri Sushil Chandra in his latest department letter (DO) has congratulated all the officers and officials of the Income tax Department for  accomplishing the Budget Collection Target of Rs. 8.47 lakh Crore for the F.Y. 2016-17 and thereby contributing significantly in the revenue mobilisation efforts of the Government for the developmental schemes  for  public  at  large.  

According to the CBDT Chairman, the Income Tax Department, after many years, has achieved its collection target with a gross growth rate of 16.8% and a net growth rate of 14.2% and this speaks volumes about the sincere hardwork put in by all officers and staff of the Department.

According to the DO, the  entire  workforce of  the  Department  worked  tirelessly  during the  FY 2016-17 for making the  flagship  schemes  of  the Government  truly  successful. Whether it was the intense outreach programmes for IDS-2016, or the focussed activity for unearthing unscrupulous cash transactions in  the  wake  of demonetisation and Operation Clean Money, the officers  and  officials  showed tremendous tenacity and  devotion towards  their  assigned  duties  under the able guidance of their respective Principal CCsiT/ DGsiT, CCsiT/DGsiT and Principal  CsiT/ DsiT.

The CBDT Chairman has expressed belief that officials of the Department would continue to strive for similar excellence with the same enthusiasm and professionalism  to face  the  future  challenges  in the  coming days.

Share

Recent Posts

  • ICAI

Audit Fee to be received only by digital modes/banking channels -ICAI revises Ethics

Acceptance of Audit Fee only through digital modes or banking channels from 01.04.2026 – ICAI revises Code of Ethics  In…

2 hours ago
  • Service Tax

Demand set aside as assessee for period covered had discharged tax liability under SVLDRS

High Court sets aside demand notices in respect of a period, for which the assessee had discharged tax liability under…

10 hours ago
  • Income Tax

No addition u/s 68 when there is no fresh receipt of unsecured loans during the year

Addition u/s 68 can not be made applicable where there is no fresh receipt of unsecured loans at all during…

12 hours ago
  • Income Tax

Taxes on sales comprising in turnover to be excluded for estimating net profit

Amount of taxes on sales comprising in turnover to be excluded while computing gross receipts for estimating net profit -…

1 day ago
  • Income Tax

Capital contribution deposited in assessee’s bank not partnership firm – Addition 69A upheld

Addition u/s 69A confirmed as alleged capital contribution by partners was deposited in bank account of assessee not in account…

2 days ago
  • GST

Bail granted to a CA accused in a GST evasion of more than 40 crores

Allahabad High Court grants bail to Chartered Accountant accused in a GST evasion to the tune of more than 40…

2 days ago