« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Vodafone tax issue will be decided in court, says Sarin... Top tax official in ACB net... » Two additional SGs to deal with direct, indirect tax cases October, 09th 2007 The government will soon appoint two additional Solicitor Generals to effectively present the states point of view in cases pertaining to direct and indirect taxes, finance minister P Chidambaram said on Saturday. We are concerned about the quality of representation from the government side, he said adding that the state too needs to be represented by good lawyers who can match high-profiled advocates hired by corporates to deal with taxation disputes. Speaking at a function to mark silver jubilee of the Central, Excise and Service Tax Appellate Tribunal (CESTAT), he asserted on the need to acquire domain knowledge to adjudicate disputes that will arise after imposition of the Goods and Services Tax from April 1, 2008. He said the finance ministry was still trying to comprehend how oil companies price their products before they are taken out of the refineries and also how these products should be valued for the purpose of levying tax. This, Mr Chidambaram later told reporters, was only an academic exercise and explains the complexities related with taxation. He said GST which will subsume service tax and Value Added Tax (VAT) would open a new area of indirect tax litigation to be dealt with by CESTAT. As far as customs is concerned, the minister said litigation would decline with the government introducing harmonised system of classification of goods and reducing rates of taxation. With customs revenue declining the world over and the tariff rates coming down, he felt it may not be worthwhile for corporate to raise customs disputes.