Use Aadhaar for IT Return
CBDT Chairperson Ms. Anita Kapur said yesterday that “if you give your Aadhaar number while filing your income tax returns, then you don't need to submit the Income Tax Return - Verification (ITR V) form."
Explaining the strategies of CBDT she said,
If the Aadhaar number and your PAN number match, then on your mobile, we will send you OTP (one-time password). So, once you upload your return instead of going and printing ITR V printout, there will be icon showing where you need to put the OTP and validate the return.
I cannot anticipate what the Shah panel is going to recommend. But we have this instance where the Bombay High Court judgment went against us in the Shell and Vodafone cases (transfer pricing disputes), subsequent to which we asked officers not to do future assessments and not to agitate these further in appeals.
We have also told our officers not to go for any coercive recovery in the FPI-MAT case and to grant treaty benefit wherever applicable.
If you will go to any (tax) office, you will see there is pressure to be sensitive to the concerns of taxpayers. But if you are not harsh with tax evaders, you are not doing your job.
If you don't do assessment based on that judgment, tomorrow the CBI will come, the CVC will come and the CAG will come and will ask the officer ... this judgment is in your favour, why did you not follow that judgment. What answer does my officer have?" what do you expect my officer to do? Can we stand up and say I will not make an assessment despite knowing that this is the judgment?