Tax Disputes

A fifth of cases have been lingering for more than over 5 years. While income tax accounted for 81 percent of the amount under dispute in FY15, its share increased to 86.8 percent in FY24

Law ministry notifies Taxation Laws (Amendment) Act 2021, allows amicable settlement of 17 tax disputes

With this Taxation Laws (Amendment) Act, the government is aiming to settle the tax disputes with Cairn Energy Plc and the Vodafone Group.

The parotta v/s bread GST classification is just one in the list of many such tax disputes

However, it is not the first case of tax classification disputes. Producers of FMCG products were also involved in tangles with tax authorities on the same issue.

Cairn, Vodafone can settle tax issue with govt: Rev Secy

In order to tackle such tax issues, the government is working on a separate roadmap for out of court settlement of litigation matters.

Arbitration not best way to settle tax disputes: CBDT chief

With regard to black money law, the Central Board of Direct Taxes (CBDT) chairperson said that it was intended to be harsh because we were addressing a problem which the normal law was not able to address for so many years.