CBDT Releases interim Action Plan for 1st Quarter !



CBDT releases interim action plan for first quarter of FY 2018-19; Sets May 31st deadline for issue of Sec. 142(1)/148 notices in all cases in respect of cash deposits data pushed under ‘Operation Clean Money’;  Similarly, sets June 30th deadline for disposal of assessments in at least 25 cases (20 in International Taxation cases) per AO  of limited scrutiny, set-aside assessment, reopened assessment u/s 147 and OCM scrutiny; Like-wise, sets June 30th deadline for collection of 100% demand as on April 1, 2018 in cases where TDS has been made but not deposited in the Govt. account;

Further instructs processing of TDS/TCS defaults for prosecution in atleast 10 cases already identified in earlier two financial years and updating their status by June 30; TPOs & each DRP to pass a minimum no. of orders through the Income tax Business Application Module (ITBA), Sec. 201(1)/(1A) orders to be passed in all cases where TDS surveys have been conducted till 31st March, 2018; Further CBDT sets KRAs in respect of audit objections, investigation units & LTUs.


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