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News INCOME TAX

  • Mar 21, 2025
  • Form panel to tackle pending tax appeals: Parliamentary panel

    A parliamentary panel has asked the department of revenue to constitute an expert panel to meticulously examine the issue of pending litigation and propose remedial measures at the earliest with 621,000 tax appeals involving Rs 29.79 lakh crore pending at various courts.

    The parliamentary standing committee on finance, in its report tabled Wednesday in Lok Sabha, flagged shortage of manpower at the first appellate level. It noted that the cost of litigation to the government was about Rs 108 crore in 2023-24. "The committee also desires that this matter should be addressed with utmost sincerity and urgency," the committee said.