Thursday, September 20, 2018
News

Centre hikes monetary limit for filing tax appeals

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi (India) | July 11, 2018 10:11:32 PM IST
In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and facilitate the Ease of Doing Business, Government of India decided to increase the threshold monetary limits for filing Departmental Appeals at various levels, be it Appellate Tribunals, High Courts and the Supreme Court.

This is a major step in the direction of litigation management of both direct and indirect taxes as it will effectively reduce minor litigations and help the Department to focus on high-value litigations.

In the case of the Central Board of Direct Taxation (CBDT), out of total cases filed by the Department in Income Tax Appellate Tribunal (ITAT), 34% of cases will be withdrawn.

For High Courts, 48% of cases will be withdrawn and in the case of the Supreme Court, 54% of cases will be withdrawn. The total percentage of reduction of litigation from the Department's side will get reduced by 41%. However, this will not apply in such cases where a substantial point of law is involved.

Similarly, in case of Central Board of Excise and Customs (CBIC), out of total cases filed by the Department in Customs, Excise and Service Tax Appellate Tribunal (CESTAT), 16% of cases will be withdrawn. In the case of High Courts, 22% of cases will be withdrawn and in the case of Supreme Court, 21% of cases will be withdrawn. The total percentage of reduction of litigation from the Department's side will get reduced by 18%. However, this will not apply in such cases where the substantial point of law is involved.

This step will also reduce future litigation flow from the Department side. (ANI)

Loading...
 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
 
MORE BUSINESS NEWS
Delhi aviation firm buys Mallya's two ch...
'Global NCAP World Congress' to be held ...
TVS Radeon launched in Rajasthan...
US-China trade war could last 20 years: ...
Facebook faces lawsuit for hiding job ad...
US, Poland voice concern over Russia's g...
More...
 
INDIA WORLD ASIA
Man who washed feet of Godda MP & drank ...
Professor duo of Nashik college held for...
Mehbooba asks NIA to put facts about it...
Copper and zinc jump as U.S.-China trade...
Doping-'The process stinks': doping body...
Canada wants to see flexibility in NAFTA...
More...    
 
 Top Stories
Delhi aviation firm buys Mallya's t... 
'Global NCAP World Congress' to be ... 
By tradition, nationalism and ances... 
Rohit praises bowlers after win ove... 
Wife,daughter of ex-CJ of Delhi HC ... 
Gujarat MLAs to get Rs 1.16 lakh sa... 
Professor duo of Nashik college hel... 
Mehbooba asks NIA to put facts abo...