After drilling fear in taxpayers through increased scrutiny in the last few years, the Narendra Modi government is now cracking down on “tax terrorism”, the hounding of ordinary taxpayers by the tax department. However, this doesn’t mean the government has stopped its war on tax evasion. It has decided to focus on the big fish instead.
Recently, the chief of the Central Board of Direct Taxes (CBDT) — the finance ministry arm which serves as the apex body for Income tax (I-T) — directed ..
Under the new rules, 54% of the appeals filed by the Central Board of Direct Taxes will be withdrawn. The reduction of appeals by the Central Board of Indirect Taxes and Customs in the Supreme Court will be 21%
“Government’s decision of withdrawing cases and increasing the threshold limit for filing appeals in various courts will improve Ease of Doing Business and Ease of Living. The move will also help in reducing tax litigation,” tweeted Piyush Goyal, Minister of Railways and Coal wi ..