Direct Tax Panel
Category III AIFs get tax relief as Delhi HC reads down CBDT circular
Delhi HC quashes BAR ruling and interprets 2014 CBDT circular to remove tax ambiguity for Category III AIFs, aligning with investor confidentiality and Sebi norms
 "Category III AIFs get tax relief as Delhi HC reads down CBDT circular")
Income Tax dept not an adversarial entity, but participative: CBDT chief
CBDT chairman Ravi Agrawal said the tax administration is committed to 'fostering stability and simplifying business operations' in India
 "Income Tax dept not an adversarial entity, but participative: CBDT chief")
Panel headed by V K Gupta to simplify decades-old direct tax laws
More than 90 sections seen redundant; panel in line with Budget promise of comprehensive review
 "Panel headed by V K Gupta to simplify decades-old direct tax laws")
House panel flags poor placements, under-utilisation of funds in PMKVY 3.0
The committee is particularly concerned about the third edition of the scheme, as placement figures fall below 10%
 "House panel flags poor placements, under-utilisation of funds in PMKVY 3.0")
Direct tax collection sees dismal growth; mid-August mop-up growth under 5%
The collections had shot up that year because people regularised their unaccounted income by paying higher levies
 "Direct tax collection sees dismal growth; mid-August mop-up growth under 5%")
Direct tax committee calls for major changes to reassessment rules
The panel had also incorporated some suggestions of the previous Arbind Modi committee
 "Direct tax committee calls for major changes to reassessment rules")
Finance ministry to recast direct tax panel after discord on suggestions
The government set up the panel in November last year to review the decades-old Income Tax Act and to draft a new Direct Tax Law
 "Finance ministry to recast direct tax panel after discord on suggestions")
