Breaking India’s tax litigation gridlock
[ad_1] Consider this. Of the Central Board of Direct Taxes’ (CBDT) total tax demand of about â‚ą42.3 trillion in financial year 2023-24, about 74%, or â‚ą31.4 trillion, was under dispute, as per the parliamentary standing committee’s report in December. The largest pendency in litigation lies at the first appellate level—the Commissioner of Income Tax (Appeals)….