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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In case of CBDT, out of total cases filed by the Department in ITAT, 34 per cent of cases will be withdrawn. In case of High Courts, 48 per cent of cases will be withdrawn and in case of Supreme Court 54 per cent of cases will be withdrawn.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Similarly, in case of CBIC, out of total cases filed by the Department in CESTAT, 16 per cent of cases will be withdrawn. In case of High Courts, 22 per cent of cases will be withdrawn and in case of Supreme Court 21 per cent of cases will be withdrawn.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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Walmart opens its 22nd Cash & Carry store in India

22 Sep 2018 | 7:01 PM

Ludhiana, Sep 22(UNI) Expanding its footprints Walmart India, the wholly-owned subsidiary of world’s leading retail company Walmart Inc, on Saturday announced opening of its 22nd B2B Cash & Carry Best Price store in the country and second store here and the sixth in Punjab.

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Petrol gets expensive again; touches Rs 90 a litre mark

Petrol gets expensive again; touches Rs 90 a litre mark

22 Sep 2018 | 5:44 PM

New Delhi, Sep 22 (UNI) The prices of petrol in the country increased for the third consecutive day on Saturday with that crawling near Rs 90 a litre in Mumbai.

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Kottayam-Kochi Rubber Market Rates

22 Sep 2018 | 5:27 PM

Kottayam, Sep 22 (UNI) Following were the Rubber Market rates
announced by the Rubber Board here today per quintal.

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Samsung launches Galaxy J6 Plus, J4 Plus

Samsung launches Galaxy J6 Plus, J4 Plus

22 Sep 2018 | 5:18 PM

New Delhi, Sep 22 (UNI) Korean company Samsung on Saturday launched new smartphone Galaxy J6 Plus and J4 Plus in the Indian market.

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MARKET-GUJ-OIL

22 Sep 2018 | 5:08 PM

Ahmedabad, Sep 22 (UNI) The Ahmedabad oil market ruled steady here Saturday.

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