9911796707
TMI BlogTaxes Outstanding Against MNCsX X X X Extracts X X X X X X X X Extracts X X X X ..... Taxes Outstanding Against MNCs X X X X Extracts X X X X X X X X Extracts X X X X ..... cludes demand locked-up in appeals before CITs (Appeal), ITATs, High Courts and Supreme Courts. Further the demand includes that which can not be collected for various reasons like protected demand, stay by courts, companies under liquidation, no adequate assets for recovery, cases notified under special courts, cases before BIFR, Income Tax Settlement Commission etc. Apart from the statutory m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... easures taken for recovery of outstanding tax dues as prescribed under the Income Tax Act (including attachment of bank account, attachment and sale of immovable property, etc.) the following special measures are also being taken to expedite recovery of direct tax arrears. (i) Monitoring of recovery of amount in large cases by a Task Force. (ii) Identification of cases involving substantial amou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt pending before Commissioners (Appeals) and ITAT and requesting these authorities to dispose off such appeals early so that the amount can be collected during current financial year itself. (iii) Monitoring of all outstanding arrear above Rs. 10 crore by CBDT along with the Directorate of Income Tax (Recovery). This information was given by Minister of State for Finance, Shri S.S. Palanimanic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kam in a written reply to a Question raised in Lok Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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