Income Tax department to write to over 2.59 lakh taxpayers
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After unleashing a massive awareness campaign for the one-time black money compliance window, the tax authority will now write to over 2.59 lakh taxpayers to avail benefits of a similar scheme where an estimated Rs 5.5 lakh crore is stuck in litigation.
The ‘Direct Tax Dispute Resolution Scheme, 2016’ got operational from June 1 and seeks to address the issue of pending litigation before the first appellate mechanism in the Income Tax department — the Commissioner of I-T (Appeal).
“As per the data updated in this regard, there are 73,402 appeals with tax effect above Rs 10 lakh and 1,85,858 appeals with tax effect below Rs 10 lakh pending before CIT (Appeals) across the country. #casansaar (PTI - Indian Express)
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