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CBDT Initiatives for Reducing Litigation

News and Press Release - Dated:- 15-1-2016 - Reducing litigation with the taxpayers has been a key focus area for the Income Tax Department. Several initiatives have been taken by the Central Board of Direct Taxes in the last three months up to December 2015 to significantly reduce disputes and provide relief to taxpayers facing long standing litigation. The significant steps taken by CBDT include issue of a Circular revising the monetary limits for filing of appeals by the Department with the o .....

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of subsequent amendment. Besides this, the CBDT has issued a number of Circulars for withdrawing or not pressing of appeals on settled issues relating to the subjects listed below: Non applicability of Rule 9A of the Income-tax Rules 1962 in case of abandoned feature films. Measurement of the distance for the purpose of section 2(14)(iii)(b) of the Income-tax Act for the period prior to assessment year 2014-15. Interest from non-statutory liquidity ratio (non-SLR) securities. Allowability of em .....

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