• Registered Users :
  • 163432
  • Current Active Users :
  • 103720

News INCOME TAX

  • Aug 12, 2014
  • Huge litigation in I-T dept: CBDT creates over 200 new posts

    With an estimated R4 lakh crore of tax revenue locked up in litigation, the CBDT has created over 240 new posts of commissioners (appeals) to speed up the legal disposal system in the Income Tax department.‘‘A total of 243 posts of commissioner of I-T (appeals) have been created in the department recently. These will be in addition to the existing 360 similar posts and will be filled by positioning IRS officers of the Income Tax cadre,’’ a senior finance ministry officer said.
    The Central Board of Direct Taxes (CBDT), the apex policy making body of the I-T department, has been undertaking a host of steps to bolster the litigation management wing of the department which has come under criticism not only from courts but also successive finance ministers and in the audit reports of the Comptroller and Auditor General (CAG).

    Source - http://www.financialexpress.com