Bhopal branch of ICAI organised seminar On Income Tax

4/30/2018

Chronicle Reporter, Bhopal The Bhopal Branch of Institute of Chartered Accountant of India (ICAI) hosted a Seminar on the Income Tax on 28th April 2018 from 2:30 p.m onwards at Hotel Atishay, Bhopal. CA Abhay Chhajed, Past Chairman CIRC was the Chief Guest of the Seminar. CA Manoj Munshi and CA Ashish Goyal from Indore were the Guest speakers who deliberated in detail and enlightened the members about the various topics of Income Tax. Technical Session–I was taken by CA Manoj Munshi “Prosecution under Income Tax & Constitutional Remedies Available in Taxation Matters”. Wherein he has explained the procedure to tackle the notices of prosecution launched by the income tax department and remedies available to the assesees. Technical Session–II by CA Ashish Goyal on the topic of “Reassessment under section 148 of Income Tax 1961”. CA Goyal has deliberated the topic in a very interesting manner and discussed the fine points of sec 148 – Income escaping assessments. More than 200 members attended the Seminar. The Income Tax department had issued thousands of notices in the month of March 2018 to the assesee regarding the financial transactions undertaken by them in the FY 2010-11. In this Seminar, various aspects regarding the validity of such notices and manner to handle such notices were discussed. The seminar was successfully headed by CA Abhishek Gupta-Chairman of Bhopal Branch of ICAI. On this occasion - CA Mayank Agarwal - Vice Chairman, CA Anshul Agarwal - Secretary, CA Saurabh Shrivastava - Treasurer, CA Anup Shrivastava -CICASA Chairman and the other Managing committee members- CA Navneet Garg, CA Hemant Jain and Zuber Ullah khan were presented in the seminar.