Over Rs 8 lakh-crore tax revenue was locked up in appeals before various courts and authorities at the end of last fiscal, government said.
As on March 31, 2016, over 3 lakh cases were pending before the Commissioner of Income-Tax (Appeals), Income Tax Appellate Tribunal (ITAT), High Courts and Supreme Court, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
In 2014-15, tax revenue of Rs. 5,71,668 crore was locked in appeals.
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Over Rs 8 lakh crores locked up in appeals
By IndianMandarins - 2016-07-23 11:03:28
Over Rs 8 lakh-crore tax revenue was locked up in appeals before various courts and authorities at the end of last fiscal, government said.
As on March 31, 2016, over 3 lakh cases were pending before the Commissioner of Income-Tax (Appeals), Income Tax Appellate Tribunal (ITAT), High Courts and Supreme Court, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.
In 2014-15, tax revenue of Rs. 5,71,668 crore was locked in appeals.
