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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Govt: Income Tax arrears decline despite rise in number of cases
March, 09th 2011

The quantum of money locked up in income tax disputes decreased in 2010 as compared to the previous year despite increase in number of cases, Parliament was informed today.

The amount stuck in I-T cases actually declined to Rs 2,42,377 crore as on December 31, 2010 as compared to Rs 2,88,336
crore at the end of 2009, Minister of State for Finance S S Palanimanickam said in a written reply in the Rajya Sabha.

However, the number of income tax disputes rose to 2,69,770 at the end of 2010 from 2,59,549 in the previous year.

On the steps being taken by the Government to speed up resolution of tax disputes, the minister said, "requests for expeditious hearing of cases are made before the Income Tax Appellate Tribunal (ITAT), High Courts and the Supreme Court".

Moreover, he added, the Annual Central action Plan of Central Board of Direct Taxes (CBDT) fixes targets to ensure quick disposal of Appeals relating to I-T cases.

"Instructions are issued by CBDT, to the administrative authorities concerned to ensure timely and proper representation of the cases before ITAT and Courts", Palanimanickam added.

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