Electronic conduct of time barring scrutiny assessments enables migration to e Proceeding with consent, opt out and procedural safeguards.
The Order under section 119 authorises migration and expanded use of the ITBA 'e Proceeding' facility for time barring scrutiny assessments, requiring electronic intimation or electronic consent for migration, permitting later opt out by the assessee, and preserving manual continuation for excluded categories. It prescribes electronic service of notices to the assessee's e Filing account, digital signing of departmental communications, restricted manual issuance only in exceptional circumstances, and defines closure and reopening rules for the e submission facility. Specific manual exceptions and record production protocols are identified.

Tax arrear claims in insolvency proceedings must be lodged promptly via IBBI to preserve revenue recovery rights.
Directs Assessing Officers to identify corporates under IBC 2016 from the PAN Directory and IBBI public announcements, obtain Insolvency Professional/Liquidator contact details, and promptly lodge tax arrear claims with proof using the prescribed forms (Form B/Form C), submitting them by email or speed post; AOs must monitor IBBI updates and official email notifications, and give priority to cases with significant outstanding demands or those recommended for liquidation.

Challan correction for PMGKY payments to regularize Form 1 filings when procedural errors prevented timely recognition.
The circular permits administrative correction of PMGKY challans where tax and required deposits were paid on time but recorded with incorrect challan particulars, while excluding PMGKD deposit corrections as outside CBDT authority; it prescribes allowable correction types (assessment year, PAN, specified major and minor head changes), requires jurisdictional recommendations assessing bona fides, directs Systems to process corrections and notify declarants, and sets deadlines for subsequent filing of Form 1 and issuance of Form 2 following verification.

Abatement of assessment proceedings automated via ITBA Investigation Module upon Two Hourly and Preliminary Search Reports generation.
Phase 3 of the ITBA Investigation Module provides digital recording of search and survey operations through creation of a Two Hourly Report generating a unique Search & Survey Id workitem, capture of premise level findings and seizures enabling Preliminary Search Reports, and compilation and approval workflow for Appraisal Reports which, once approved, are transmitted to assessing officers and can create pendency for assessment proceedings when the Assessment Module is active. The System also automates abatement of pending proceedings under the second proviso to section 153A upon generation of the Two Hourly and Preliminary Search Reports.

Confidentiality of FIU information: officers must not disclose FIU/STR sources, must limit requisitions, breaches invite sanction.
Information received from FIU IND is to be protected from unauthorised use and dissemination, handled only on a need to know basis, and not transferred to third parties without prior consent; the source or designation as STR must not be disclosed in communications or used as evidence in departmental or judicial proceedings. Officers should requisition only documents directly relevant to income tax investigations, avoid calling for material pertinent to other statutes, and observe heightened confidentiality for foreign intelligence; deviations will attract strict disciplinary action.

Extension of income tax filing due date: return and audit report deadline moved to end of October to aid GST transition.
The Central Board of Direct Taxes, under section 119 of the Income tax Act, extends the due date for filing the return of income and prescribed audit reports for assessees covered by clause (a) of Explanation 2 to sub section (1) of section 139 from 30th September, 2017 to 31st October, 2017 to accommodate GST related transition and ease compliance.

Due date extension for income tax return and audit report filings grants extra time to ease compliance during GST transition.
The Board exercised administrative powers to extend the statutory due date for filing return of income and specified audit reports for the class of assessees covered by the relevant filing provision, moving the deadline from the previously prescribed September date to a later October date to permit additional time for assessees and tax professionals to comply during the GST transition.

Aadhaar-PAN linking requirement extended to year-end by administrative order under section 119 modifying earlier relief.
The CBDT, invoking section 119, modifies its earlier instruction and further extends the deadline for taxpayers required by section 139AA to link Aadhaar or enrolment numbers with PAN for filing income tax returns, postponing the compliance cut off set in the prior order until the end of the calendar year.

Benami property enforcement: dedicated units, section 24 attachment procedures and CBDT-sanctioned prosecution process.
The SOP creates dedicated Benami Prohibition Units (BPUs) under each Pr.DIT(Inv.)/DIT(Inv.) to perform Initiating Officer, Approving Authority and Administrator functions under the Prohibition of Benami Property Transactions Act, 1988 (as amended 2016). It prescribes territorial jurisdiction rules, stepwise procedures for detection, provisional attachment under section 24, filing of speaking orders and statements to the Adjudicating Authority, documentary and filing requirements, and prosecution processes requiring prior CBDT sanction, alongside coordination mechanisms with Investigation Directorates and monthly reporting requirements.

Survey under Section 133A: strict procedural safeguards required including preparatory note, inventories, evidence collection, and timely reports.
Survey requires a recorded Preparatory Note and approval from specified Joint/Additional Directors or Commissioners; preliminary reports must be submitted within prescribed times (including 48-hour transmission where applicable) and a Final Survey Report containing case identifiers, undisclosed income, nature of concealment and evidence must be submitted within sixty days to the Range/Unit head and jurisdictional Assessing Officer. Detailed inventory of books/documents is mandatory, reasons for impounding or non-impounding must be recorded, evidence collection must be prioritized, and exclusion from compulsory scrutiny requires fulfillment of all three specified conjunctive conditions. Handing Over Notes must list pending survey-related matters.

Extension of filing due date: administrative direction to accept income tax returns until midnight on the extended filing day.
The Central Board of Direct Taxes, invoking Section 119, extended the due date for filing returns for certain taxpayers and directed all income-tax offices to make arrangements to receive returns up to midnight on the extended date, requiring that this instruction be publicised to facilitate filing.

Confidentiality of taxpayer information: unauthorized disclosure can jeopardize treaty cooperation and provoke international sanctions and multilateral reviews.
Information received under Exchange of Information mechanisms is subject to strict confidentiality and must not be disclosed to media or others; unauthorized or accidental disclosure may lead to suspension or revocation of treaty assistance, adverse multilateral scrutiny, and negative international reviews. Officers handling EOI materials are directed to prevent inappropriate disclosure and to follow safeguards set out in the EOI Manual, ensuring use and disclosure only within the terms agreed with the providing jurisdictions.

Aadhaar-PAN linkage requirement: temporary acceptance of Aadhaar or acknowledgement and extension of e filing deadline granted.
Taxpayers may quote Aadhaar or an acknowledgement number when filing income tax returns on the e filing portal; PAN must be linked with Aadhaar subsequently by the prescribed deadline. Returns filed using the acknowledgement will be accepted for submission but will not be processed until PAN-Aadhaar linkage is completed. A short extension of the e filing deadline has been granted to permit affected taxpayers additional time to file.

Advance Pricing Agreement certainty secured, offering pre-agreed transfer pricing methods and retrospective rollback relief for taxpayers.
The APA mechanism specifies transfer pricing methods and determines the Arm's Length Price for international transactions prospectively for up to five years and permits optional rollback for four preceding years, thereby extending pricing certainty for taxpayers across a range of sectors and transaction types.

Stay of demand at first appeal stage: standard deposit rate increased for contested income tax demands.
Partial modification revises the administrative guideline for grant of stay of demand at the first appeal stage by increasing the standard deposit requirement of the disputed demand to a higher prescribed percentage where the demand is contested before the Commissioner of Income-tax (Appeals); all references to the former standard rate in the earlier Office Memorandum are modified accordingly while other procedural guidelines remain unchanged.

Due-date extension for income-tax returns permits quoting Aadhaar or enrolment number; processing deferred until PAN-Aadhaar linkage.
The tax authority extends the due-date for filing returns from 31st July to 5th August, 2017 for affected taxpayers; quoting Aadhaar or an Aadhaar Enrolment Number is sufficient for filing, but formal PAN-Aadhaar linkage must be completed subsequently and returns will not be processed under the Act's processing provision until that linkage is completed.

Bulk information transfer to identify dormant companies through corporate PAN, ITR, audit and SFT data under a secured MoU.
The CBDT directs that the Principal Director General of Income-tax (Systems) shall furnish bulk information under section 138(1)(a) to the Ministry of Corporate Affairs, limited to corporate PAN data, specified fields of corporate ITRs and audit reports, corporate SFT information, identified PAN-CIN and PAN-DIN associations, and other data necessary to identify dormant companies. Sharing will occur under a Memorandum of Understanding addressing transfer mode, confidentiality, secure preservation and disposal, reciprocal information flow, and agreed timelines, with a copy of the MoU forwarded for record.

Computation of book profit for MAT now starts with Profit before Other Comprehensive Income; transition adjustments specified.
The starting point for computing book profits for Ind AS compliant companies is Profit before Other Comprehensive Income. MTM gains and losses on FVTPL recognised through profit or loss are included in book profit, and MTM losses on such instruments need not be added back under clause (i) of Explanation 1 to section 115JB(2). Transition Amount is measured using Ind AS adjustments at the opening date of the first Ind AS reporting period; it excludes proposed dividend, deferred tax on transition, provisions for doubtful debts, and share application money reclassified to Other Equity, but includes equity components of financial instruments and service concession adjustments.

Revenue audit objection procedure: mandated ITBA workflow, defined roles, timelines and escalation to reconcile C&AG observations.
Instruction No.7/2017 establishes SOPs for handling C&AG revenue-audit observations via ITBA and the C&AG portal, defining stages (Half Margin Note, LAR, SOF/Draft Para, ATN), roles (AO, Range head, PCIT, CIT(Audit), ADG(Audit)), categorisation of objections (factual/legal/mixed), timelines for replies and remedial action, and mandated MIS, ledger cards and accountability measures; unresolved disagreements are to be escalated through inter-departmental meetings and to ADG(Audit)/C&AG headquarters, with all operative reporting to be entered into ITBA.

Internal Audit framework mandates ITBA-driven risk selection and structured objection review with prescribed remedial timelines.
The instruction establishes a centralized Internal Audit framework under Pr.CCIT with CIT (Audit), JCIT (Audit), SAP and IAP units, mandates ITBA-based generation of auditable case lists and unique audit memos, prescribes risk-based selection using an Audit Potential Index (API), sets minimum annual audit point targets and weighting, requires categorisation and hierarchical examination of audit objections into major/minor and factual/legal/mixed with specified vetting and remedial timelines, and mandates MIS reporting, ledger cards and training to monitor performance and accountability.