Govt makes tax dispute resolution scheme attractive, expands scope
Making the direct tax dispute resolution scheme attractive, the Union Cabinet on Wednesday expanded its scope to cover litigation pending in arbitration forums and debt recovery tribunals (DRTs). The scheme will also include cases related to revision and small-value search disputes. The Cabinet also reduced the disputed amount by half for those assessees who got favourable orders but the income-tax department challenged those. Read More
Telecom dept may send AGR demand letters to Airtel, Voda-Idea next week
The Department of Telecommunications (DoT) plans to send out letters to Bharti