Thursday, January 19, 2012

Inspector/P.S/A.O likely to get minimum fixation as 13,860 w.e.f 01.01.2006

Tuesday, January 10, 2012

ITO to ACIT Adhoc promotion : Vigilance Clearance sought by CBDT

In order to proceed with more than 400 Ad hoc promotion in the grade of ACIT, CBDT has urgently sought vigilance clearance for the ITOs who are in the consideration zone for promotion. Significantly, CBDT has officially confirmed that the vacant post of ACIT is above 400.
Who are in the consideration zone ?
Sl No. 1360 to 1828 for Gen.
Sl No. 1666 to 2467 for SC
Sl No. 1807 to 2200 for ST 
[as per the CBDT letter] [A large number of persons in between have been retired, so the list is so long]
The vigilance clearance is to be submitted by 13th January by the DGIT[Vigilance]
So, certainly the ball is rolling.
View the CBDT Letter Dated 10th January 2012
Download Latest ITO Seniority List here

ITGOA suspends agitation, ITO to ACIT promotion may be done shortly

With assurance from CBDT that they will finalize the matter of ad hoc promotion to ACIT after getting approval from law ministry within 20th january,2012, ITGOA has temporarily withdrawn the ongoing agitation.
Meanwhile CBDT has asked for ACRs/APARs for the ITOs particularly who may be considered for promotion to the cadre of ACITs positively within 9th January. It indicates that the ball is certainly rolling.
Though there are rumors in the air about the clearance of Cadre review proposal from DOPT, nothing could be confirmed from the official source yet.
View the letter of CBDT asking ACRs/APARs 

Friday, December 16, 2011

90% of I-T arrears owed by just 12 people: CAG

The Comptroller and Auditor General has said that 90 per cent of the country's income tax (I-T) arrears are owed by just a dozen individuals, led by Pune-based stud farm owner Hasan Ali Khan.
Government auditor CAG also noted in a report that these demands are "unrealisable 100 per cent".

Khan, with a tax arrear demand of Rs 50,345.73 crore (Rs 503.46 billion) is followed by Chandrika Tapuriah, wife of his associate Kashi Nath Tapuria, with an outstanding of Rs 20,540.83 crore (Rs 205.41 billion), while late stock broker Harshad Mehta owes Rs 15,944.38 crore (Rs 159.44 billion) in arrears.

"The demand against individuals is highly skewed, with 12 individuals (4.3 per cent of the total cases) accounting for 90 per cent of the arrear demand.

One individual Hasan Ali Khan accounts for 43 per cent of the total arrear demand... interestingly all of this demand is categorised as unrealisable," CAG said in the report tabled in Parliament.

Khan, along with the Tapuriah couple, is embroiled in a number of cases ranging from money laundering, tax evasion and passport forgery which are being probed by various agencies like the Enforcement Directorate and Income Tax Department.

The government, in August this year, had also disclosed the names of the "top 10 individual defaulters" for Income Tax assessment year 2009-10.

Apart from Hasan Ali and Harshad Mehta, they included Kashinath Tapuriah (Rs 602.80 crore), A D Narrotam (Rs 5,781.86 crore), Hiten P Dalal (Rs 4,200.04 crore), Jyoti H Mehta (Rs 1,739.57 crore), Ashwin S Mehta (Rs 1,595.51 crore), B C Dalal (1,535.89 crore), S Ramaswamy (Rs 1,122.48 crore) and Uday M Acharya (Rs 683.22 crore).

CAG said the government has a huge tax demand of Rs 1.96 lakh crore, of which 84 per cent can't be realised due to various reasons like death, insolvency and liquidation of company.

Monday, December 5, 2011

ITGOA agitation for promotion and cadre review : An Update

It is learnt from ITGOA site that CBDT called Secretary General of ITGOA and informed that they are puruing the matter with UPSC and DOPT for an early promotion. The Secy Gen. insisted for adhoc promotion for withdrawal of ongoing agitattion.
A reliable source also informed that adhoc promotion from ITO to ACIT is likely to be materialize in the last week of December.
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