JB Mohapatra, a 1985-batch Indian Revenue Service officer, was given the additional charge as Central Board of Direct Taxes (CBDT) chairman after the extended tenure of incumbent PC Mody ended, a government order said.
Key appointments likely in Finance Ministry
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Tenures of Secretary and CBDT Chairman ending this month.
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Tenures of Secretary and CBDT Chairman ending this month.
Finance Secretary Ajay Bhushan Pandey, a 1984 batch IAS officer of the Maharashtra cadre, is scheduled to superannuate this month while the extended tenure of PC Mody, Chairman of the Central Board of Direct Taxes (CBDT), is also ending this month.
Officials and observers are watching whether the government would give an extension to them or appoint new officials in their place.
Mr. Pandey is Secretary, Department of Revenue in the Ministry, and by virtue of his seniority is designated as Secretary, Finance.
Synopsis We had a constructive dialogue and the dialogue is ongoing, ThomsonCairn Energy Plc Chief Executive Simon Thomson told reporters after meeting Finance Secretary Ajay Bhushan Pandey, CBDT Chairman P C Mody and other tax officials. He refused to comment on what transpired at the meeting. I can t comment more on the meeting.
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New Delhi: Nearly two months after it won an international arbitration tribunal ruling against the Indian government levying taxes retrospectively, Britain s Cairn Energy Plc Chief Executive Simon Thomson on Thursday met top finance ministry officials in hope of quickly resolving the issue. We had a constructive dialogue and the dialogue is ongoing, Thomson told reporters after meeting Finance Secretary Ajay Bhushan Pandey, CBDT Chairman P C Mody and other tax officials.
Faceless assessment bucket has 2 lakh cases; 35,000 completed: CBDT chief
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Last Updated: Feb 05, 2021, 04:34 PM IST
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Calling the faceless assessment scheme of cases brought under scrutiny a step towards ensuring better taxpayer services, the top-ranking officer said the necessity to make additions in the income or imposing additional tax on an entity was only made in about 1,000 cases brought under this umbrella.
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Talking about pre-filled forms announced in the Budget, Mody said taxpayers will have the option to edit the information if they feel it is not correct.
New Delhi: About 2 lakh cases are presently being evaluated under the faceless assessment scheme of income tax cases, out of which finality has been achieved in an estimated 35,000 cases, CBDT chief P C Mody has said. He said that the government is undertaking steps that bring more certainty for taxpayers while undertaking income tax-related works, adding the latest Budget announcemen
Info-based assessments will help reduce harassment of taxpayers: PC Mody, CBDT chairman
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The provision, announced in the budget for 2021-22 on Monday, along with limiting the time to three years from six years for opening cases for re-assessment, will provide tax certainty to assessees, Mody said in a post-Budget interview.
CBDT chairman PC Mody
Assessing officers will be able to begin inquiry based on third party information from audit or agencies, rather than anonymous information, which will reduce harassment of taxpayers and lead to reduced litigation, Central Board of Direct Taxes (CBDT) chairman PC Mody told ET.