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Centre won’t go after small fry, wants to contest big tax cases

DNMUM418118 | 7/13/2018 | Author : DNA Money Correspondent | WC :370 | Business & Economy



New Delhi: Following an increase in threshold limit for filing tax appeals in various courts and tribunals, the government will forego nearly Rs 6,000 crore locked up in tax disputes, finance minister Piyush Goyal said on Thursday.
With this, tax litigation in the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) will come down by 41 per cent and 18 per cent respectively, Goyal said while briefing the media on steps taken for reducing tax litigation. “Total tax disputes stuck at different levels for both direct and indirect taxes amounts to Rs 6,000 crore,” he added.
In case of CBDT, the withdrawal of 41 per cent cases will have a revenue impact of Rs 4,800 crore in absolute terms, while
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