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News INCOME TAX

  • Jul 22, 2014
  • Taxman targets 60% cut in cases stuck in appeals

    The Central Board of Direct Taxes (CBDT) in a major drive to reduce the huge pendency of income tax appeal cases has decided to dispose of 60% of the pending cases in FY15.
    According to the plan finalised at a conference of top CBDT officials from across the country on Monday, out of 2,15,174 appeals pending before the existing commissioners of income tax (appeals) or CIT (A) as on April 1, the department has fixed a target of clearing 95,560 appeals in the current financial year itself.

    Source - http://www.financialexpress.com