Faceless assessment: CBDT chief meets I-T officers to dispel concerns

In a bid to dispel concerns over the new faceless assessment scheme, Central Board of Direct Taxes (CBDT) Chairman P C Mody has met income tax field units to appraise them of the new scheme and explained the nitty-gritty of its implementation.

A source said that in a virtual meeting on Tuesday, Mody explained the faceless assessment and taxpayers’ charter and detailed the reallocation and reorganisation aspects of the department’s manpower.

“He elucidated that it was being done within the existing manpower preferably at the existing locations and sought to dispel all kind of misgivings and misapprehensions which may have been reflecting on the minds of the officials of the department with regard to the national launch of the faceless assessment scheme,” according to the source.

Mody underlined the fact that the faceless assessment scheme’s implementation would not cause any large-scale movement of officers or officials and there would be no reduction in the existing infrastructure and resources of the Department, the source added.

The meeting followed Income Tax Employees Federation & Income Tax Gazetted Officers’ Association writing to Mody raising concerns over “the speed with which

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L&T Finance plans to raise Rs 3,367 crore through a rights issue

Holdings is exploring a plan to raise around $450 million (Rs 3,367.5 crore) through a rights issue, people familiar with the matter said.

The financial services arm of Larsen & Toubro has started discussing the fundraising with potential advisers, said the people, who asked not to be identified as the matter is private.

L&T Finance’s parent, India’s largest engineering and construction company, has agreed it would buy any unsold shares in the offering, the people said.

No final decision has been made regarding the amount to be raised or the share sale’s timing, and the company can still decide not to proceed with the fundraising plan, the people said.

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Britney Spears ‘Strongly Opposed’ To Father As Her Sole Guardian

After more than a decade living under a conservatorship that sees her father steer her personal and professional matters, Britney Spears is seeking to significantly alter the terms of the arrangement.

Since her infamous series of public meltdowns in 2008, the 38-year-old pop star has lived in California according to a court-approved legal guardianship largely governed by her father Jamie.

Many fans have marched and picketed on her behalf under the slogan #FreeBritney, believing that the artist who launched to global fame as a teenager is sending coded messages through her splashy Instagram account begging for help.

But Spears — known for hits including “Toxic” and “…Baby One More Time” — and her court-appointed lawyer have until now made little effort to alter the set-up.

On Tuesday, her attorney, Samuel Ingham, filed court papers to remove her father from the conservatorship’s charge, instead naming Jodi Montgomery — a licensed professional conservator — as its permanent head.

Montgomery has been temporarily overseeing Spears’ affairs for nearly a year, as the star’s father struggled with health issues.

“We are now at a point where the conservatorship must be changed substantially in order to reflect the major changes in her current lifestyle and

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