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News INCOME TAX

  • May 06, 2025
  • I-T dept seeks to settle Rs 10 lakh crore disputes in FY26 at first-appeal forum

    The income-tax department has set an ambitious target to dispose of over 200,000 cases, involving an aggregate disputed amount of Rs 10 lakh crore, lying with the first forum of appeal, in the current financial year.

    This compares with over 1,72,000 cases resolved at the Commissioner of Income Tax (Appeals) stage in FY25, where the locked amount was about Rs 6.3 lakh crore.

    Going by the trend in recent years, the revenue department manages to lay its hands on roughly a third of the disputed amount, immediately after such mutual resolutions.

    If the targetted number of cases are resolved by the CIT (Appeals) in FY26, it would result in not only a big jump in tax receipts, but could also improve the liquidity position of hundreds of businesses, enabling them not only to meet operational costs, but even scale up capital expenditure.