ITO to ACIT promotion this week ?

Update on 10/11/2017 : It is learnt that the promotion order is delayed due to non availibility of Revenue Secretary, who is currently on a visit to NER for GST Council meet. It is expected that order likely to come out next week only.
Update on 02/11/2017 : DPC for the adhoc promotion is in progress, Order likely to come out within next week.
It is learnt from reliable sources that ad hoc promotion from ITO to ACIT is likely to take place in this week itself. Details are awaited and will be made available as soon as procured.

Income tax unions warn of protest against new software 'ITBA' rollout

Employees and officers unions of the Income Tax Department have warned of a nationwide stir against the implementation of the new advance software package--IT Biz Application (ITBA)--from October 1 and asked the department to delay the same by at least three months.

They have set an October 31 deadline to the department to meet their demands, which include delaying the implementation of the new software to January 1 and giving them time to learn the new system and also to stop hiring technical experts on a contractual basis.

L&T Infotech bags '$100 million contract' to help pin down tax evaders

The ambitious initiative to use social media analytics to identify tax non-compliance is a $100 million project for the infotech arm of engineering giant Larsen & Toubro, according to a company official.

Since the note ban last November, the government has been putting in lots of efforts to plug the loopholes in the taxation system using advanced technology and the attempt got an added focus since the Reserve Bank of India (RBI) in June had admitted that as much 99% of the banned banknotes had returned to the system, negating the stated intent of cancelling 87% of the notes in circulation.

“That is really advanced analytics. Now, that is like a $100-million deal for us. It’s not a small deal,” L&T Infotech chief executive and managing director Sanjay Jalona told PTI.

Terming the work awarded by the Central Board of Direct Taxes as a “high volume digital deal”, he elaborated that the project involves creating a ‘semantic web’ where web pages are structured and tagged in such a way that can be directly read by the computers. “We are creating a systematic web on a person. If his wife is going to the Seychelles and putting photos on Instagram, we will capture it ... that is really advanced analytics,” Jalona said.