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Nation Current Affairs 02 Nov 2019 Income Tax departmen ...

Income Tax department taking measures to reduce tax litigations

DECCAN CHRONICLE.
Published Nov 2, 2019, 1:45 am IST
Updated Nov 2, 2019, 1:45 am IST
The vigilance week being observed by the income-tax department will end on November 2 in Telangana state and Andhra Pradesh.
The I-T department made it clear that it will not prefer appeals in the High Court against cases wherein less than Rs 1 crore is involved and it will not prefer appeals in the Supreme Court for cases involving demand of less than Rs 2 crore.
 The I-T department made it clear that it will not prefer appeals in the High Court against cases wherein less than Rs 1 crore is involved and it will not prefer appeals in the Supreme Court for cases involving demand of less than Rs 2 crore.

HYDERABAD: The income-tax department has been taking measures to reduce tax litigations including settle disputes out of court by withdrawing the cases relating to tax recovery.

According to Mr N. Sankaran, Principal Chief Commissioner of Income-Tax (PCCIT), TS and AP region, the department has withdrawn 969 appeals involving Rs 403 crore pending in courts as well as the I-T Appellate Tribunal.

 

The PCCIT’s office announced that in accordance with the circular of the Central Court of Direct Taxation dated August, 2019, it will not prefer appeals against the cases before the income-tax appellate tribunal wherein less than Rs 50 lakh demand is involved.

The I-T department made it clear that it will not prefer appeals in the High Court against cases wherein less than Rs 1 crore is involved and it will not prefer appeals in the Supreme Court for cases involving demand of less than Rs 2 crore.

Vigilance week ends
The vigilance week being observed by the income-tax department will end on November 2 in Telangana state and Andhra Pradesh.

Former Central Vigilance Commissioner K.V. Chowdary addressing officials on ‘Integrity – A way of life’ said that standard procedures should be followed while discharging duties and urged the officials to maintain integrity at all times.

The Department conducted essay, slogan and elocution competitions for students of colleges and schools. Competitions were also held for the staff.

Mr N. Sankaran, principal chief commissioner for TS and AP, Mr R.K. Paliwal, director-general of income-tax (Inv), Hyderabad, Mr Atul Pranay, chief commissioner of income-tax, Hyderabad, and Mr Peeyush Sonkar, commissioner of income-tax (administration & TPS) and other senior officers participated.

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Location: India, Telangana, Hyderabad




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