Thursday, Nov 22 2018 | Time 16:26 Hrs(IST)
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  • Nirankari Sant Samagam: Elaborate security arrangements made in Samalkha
  • BJP will return to power in Rajasthan says Raje’s son Dushyant Singh
  • BJP will return to power in Rajasthan says Raje’s son Dushyant Singh
  • Heavy rain very likely in southern pockets during next 24 hours
  • Macron says French servicemen to be mobilized to restore public order on Reunion Island
  • Australia needs to embrace India, says Kovind
  • Prove ‘alliance with PDP was on behest of Pak’ comment or apologies, Omar dares Madhav
  • Following angry outbursts from Omar, Ram Madhav withdraws 'Pak instructions' jibe
  • India champ Chennaiyin FC poised for historic debut AFC Cup campaign
  • UK High Commission delegates visit Rajasthan election commission
  • Cabinet approves MoU b/w India, Tajikistan on cooperation on Youth Matters
  • Normal life affected in Kashmir due to strike against killing of Hurriyat leader
  • Crude oil production 8 07 pc lower in Oct
  • Reference rate fixed at 71 1787 against USD
  • Dissolution of J&K Assembly in state's interest: Governor
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Govt initiates steps to reduce tax litigation

Govt initiates steps to reduce tax litigation

New Delhi, July 11 (UNI) The government has decided to increase the threshold monetary limits for filing departmental appeals at various levels, be it Appellate Tribunals, High Courts and the Supreme Court to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease of Doing Business.

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, a Finance Ministry statement said here on Wednesday.

In case of CBDT, out of total cases filed by the Department in ITAT, 34 per cent of cases will be withdrawn. In case of High Courts, 48 per cent of cases will be withdrawn and in case of Supreme Court 54 per cent of cases will be withdrawn.

The total percentage of reduction of litigation from Department’s side will get reduced by 41 per cent. However, this will not apply in such cases where substantial point of law is involved, the Ministry said.

Similarly, in case of CBIC, out of total cases filed by the Department in CESTAT, 16 per cent of cases will be withdrawn. In case of High Courts, 22 per cent of cases will be withdrawn and in case of Supreme Court 21 per cent of cases will be withdrawn. This step will also reduce future litigation flow from the Department side.

UNI JPG SHK 2038

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Pennar Group bags orders worth Rs 317 crore

22 Nov 2018 | 4:13 PM

Mumbai, Nov 22 (UNI) Pennar Group, a leading value-added
engineering products and solutions company said that it has
bagged orders worth Rs 317 crores across its various
business verticals and the subsidiary, PEBS Pennar.

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Zydus receives approvals from the USFDA for Atorvastatin calcium tablets

22 Nov 2018 | 4:12 PM

Mumbai, Nov 22 (UNI) Pharma Major, Zydus Cadila has received
the final approval from the USFDA to market Atorvastatin
Calcium Tablets in the strengths of 10 mg, 20 mg, 40 mg and
80 mg (US RLD - Lipitor).

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Wholesale prices of Oils, Sugar, Commodities in APMC

22 Nov 2018 | 4:09 PM

Bengaluru, Nov 22 (UNI) Following were the wholesale prices in the Bengaluru APMC here on Thursday.

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Vahdam Teas becomes first Indian company to be one of Oprah's fav things this year

Vahdam Teas becomes first Indian company to be one of Oprah's fav things this year

22 Nov 2018 | 3:46 PM

New Delhi, Nov 22 (UNI) Vahdam Teas, the purveyors of the garden fresh teas all over the world, announced on Thursday that its new “Chai Teas Private Reserve Trio” has been included in this year’s Oprah’s Favorite Things holiday gift list featured in the December issue of O, The Oprah Magazine and OprahMag.

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Crude oil production 8 07 pc lower in Oct

22 Nov 2018 | 3:37 PM

New Delhi, Nov 22 (UNI) Crude oil production in the month of October has fallen as it was produced 8.

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