Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ACCOUNTING STANDARD :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: form 3cd :: articles on VAT and GST in India :: due date for vat payment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: empanelment :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company
From the Courts »
 Group M. Media India Pvt. Ltd vs. UOI (Bombay High Court)
 Shreemati Devi vs. CIT (Allahabad High Court)
 Vatsala Shenoy vs. JCIT (Supreme Court)
  Dr. Gautam Sen vs. CCIT (Bombay High Court)
 Dr. Gautam Sen vs. CCIT (Bombay High Court)
 DCIT vs. Shivshankar R. Sharma (ITAT Mumbai)
 ACIT vs. Jawaharlal Agicha (ITAT Mumbai)
 CIT vs. M/s. D. Chetan & Co (Bombay High Court)
 Makes further amendments to Notification no. 157/90-Customs dated 28th March, 1990 regarding temporary admission under the ATA Carnet
 Appointment of Common Adjudicating Authority by DGRI - 2/2016-Customs

Govt raises tax litigation bar for officials
March, 09th 2011

Litigation in the revenue department is set to fall by about 25 per cent, as the finance ministry has raised the monetary limits for tax officials to approach courts for dispute resolution.

At present, around 2,000 cases are filed every month. The move could bring the number to 1,500 a month.

The new limits for filing appeals by the Income Tax department before the Income Tax Appellate Tribunal (ITAT), high courts and the Supreme Court have been revised to Rs 3 lakh, Rs 10 lakh and Rs 25 lakh, respectively, from Rs 2 lakh, Rs 4 lakh and Rs 10 lakh.

The limits for the Central Board of Excise and Customs (CBEC) have been set at Rs 1 lakh for the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Rs 2 lakh for high courts and Rs 5 lakh for the Supreme Court.

This means if the verdict goes against the revenue department, it will not be able to approach a judicial body unless the tax or the total revenue involved, including fine and penalty, is more than these limits. The assessee if, of course, free to move higher courts in case of an adverse verdict.

The measures are expected to cut litigation by 13 per cent in the case of ITAT and 25-30 per cent each in the case of high courts and the Supreme Court.

The reduction in litigation for CBEC would be 20 per cent, said a finance ministry official. He said the limits were revised on the finance ministers direction to bring in a zero-delay regime in resolution of tax disputes.

At present, a little over 60,000 cases are pending before ITAT, high courts and the Supreme Court. Of these, about 50,000 were filed by the I-T department.

At the end of June 2010, the department had filed 20,270 cases in ITAT, 28,457 cases in high courts and 3,916 cases in the Supreme Court. Income tax assesses have filed 11,218 cases in these fora.

Finance Minister Pranab Mukherjee had asked the revenue department to set up standing committees in CBDT and CBEC to suggest ways to check unmindful litigation.

It was felt the department was filing appeals in a routine manner, without careful examination, getting the distinction of being the biggest litigant in the government.

Both standing committees have four members each, comprising members from the board, a representative from the law ministry and a litigation officer. The committees suggest short-term and long-term measures to restrain the revenue department from unnecessary litigation.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions