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: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: due date for vat payment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD
 
 
Direct Tax »
 CBDT notifies new scrutiny notices with e-facility for taxpayers
 GST is a transformational business process reform. All companies will have to change
 GST Council relaxes return filing rules for July-Aug
 Here's how self-employed individual can file tax return with ITR4
 CBDT mulling new system of jurisdiction-free I-T assessment to curb corruption
 CBDT draft notice on computing tax liability of foreign firms
 CBDT forms task force for jurisdiction-free income tax assessment system
 Aadhaar must for filing returns from July 1: CBDT
 Aadhaar mandatory for filing I-T returns and obtaining new PAN card from July 1: CBDT
 Central Board of Direct Taxes cuts profit margin for safe harbour rules
 What is TDS and how does it work?

CBDT to set up portals to reduce tax litigation
August, 17th 2015

The Central Board of Direct Taxes (CBDT) is all set to launch two reference online portals to reduce tax-related court disputes and reconcile the contradictions between tax payers and authorities. The portals will help I-T officials refer to previous court rulings in similar cases and ensure quick resolution. They will be operational within a month.

The CBDT has recently notified this internally and issued guidelines, a senior tax official aware of the development told dna. These portals will be named as National Judicial Reference System (NJRS) and Income-tax Business Assessment (ITBA). Both the portals will have the database and status of all the cases that are concluded/pending before Commissioner Income-Tax (CIT) appeal, Income-Tax Appellate Tribunal (ITAT), high courts and Supreme Court for more than a decade. The move comes in the wake of over 34,281 cases of direct taxes, with Rs 37,683.98 crore worth of tax payments in dispute, pending in high courts as on March 2015, according to the data available with the department.

According to the sources, NJRS will have the details of cases that are with the high courts and the Supreme Court, while the ITBA will contain cases that are pending before only CIT.

"Out of 100 cases, 60-70% cases go for CIT appeals annually. The volume of cases in CIT is quite high, that is why it should be separate," a senior I-T official told dna.

"There are 70 CITs alone in Mumbai, where around 600 cases apply for appeals every year, impacting the tax collections targets. It will help investigation officer (IO) and assessment officer (AO) to take call on cases which are similar in nature," said the official.

"Right interpretation of a court ruling could help the department avoid a fresh round of litigation. For instance, if an AO raised certain tax demand but assesses have the contradictory views on it, then conclusion or say fate of said case can be sought from some similar old cases. This can actually give insights to the tax official in settling the disputes," an assessment official told dna.

According to the official sources, both portals can only be accessed by the I-T officials with separate login IDs and passwords. The training and testing of the portals are underway. dna has learnt that there are several old cases which have been challenged over contradictions and could not lead to tax recovery. In fact, in some cases, even certain judicial pronouncements or rulings contradict with the I-T Act, leading the government into tax controversies.

Recently, the CBDT had also issued guidelines that in stations having more than one Chief Commissioner of Income-tax (CCIT), if the jurisdictional CCIT decides to file an appeal before the high court, he is required to refer the matter to another CCIT. The officials said, such measure is a positive step to ensure that the decision to file appeal in high court is based on thorough analysis and merits of each case. The board also laid down timelines in which appeal effect has to be given in each case consequent upon ITAT's ruling.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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