CBDT Action plans for the first Quarter of FY 2019-20 stipulates auction sale of 20% properties attached till 31.03.2019 per TRO

CBDT Action plans

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CBDT Action plans for the first Quartner of FY 2019-20 stipulates auction sale of 20% properties attached till 31.03.2019 per TRO

CBDT releases interim action plan for first quarter of FY 2019-20;

Sets June 30th deadline for disposal of all cases related to Demonetization,
 filing of references before NCLT in cases of ‘struck off’ companies;
 Requires auction sale of 20% properties attached till 31.03.2019 per TRO with the minimum of one eligible property per TRO by June 30th;
With respect to SFT compliance (i.e. furnishing of Statement of Financial Transactions as per Sec. 285BA) ,
directs issuance of notices u/s 285BA(5) to all non-filers by May 15th and further requires levy/dropping of penalty proceedings pending as on 01.04.2019 u/s 271FA (for default in SFT compliance)  in 100% cases by June 30th;
Directs CCIT to allow disposal of appeals of more than Rs. 10 lakhs if a CIT(A) does not have adequate number of appeals up-to Rs. 10 lakhs, so as to meet the target of 150 appeals by June 30th;
With respect to verification of Non-PAN/ demonetization/ FATCA /CRS/Special Pilot Project related data,
 CBDT sets target of verification of minimum 8 cases per month for each DDIT/ADIT &17 cases per month for each ITO

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