Tag Archives: Reducing Litigation

CBDT clarifies provisions of the Income tax for reducing litigation and easing burden of compliance

By | March 3, 2016

CBDT clarifies various provisions of the Income-tax Act for reducing litigation and easing burden of compliance   The Central Board of Direct Taxes (CBDT) has taken a number of decisions to clarify the applicability of various provisions of the Income-tax Act with the objective of easing the burden of compliance and reducing litigation. It has… Read More »

Committee Recommendation to curb litigation of Income tax

By | January 18, 2016

Source INCOME TAX SIMPLIFICATION COMMITTEE REPORT EXECUTIVE SUMMARY Recommendations to check or curb litigation /facilitate speedier disposal (a) Amendments to provide that in cases where shares are shown as capital assets and held for one year or less, the Assessing Officer will not re-characterise the surplus on sale as business income, provided the surplus in… Read More »

Income Tax department Initiatives for Reducing Litigation

By | January 15, 2016

CBDT: Initiatives for Reducing Litigation 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.… Read More »