Low tax effect- appeal dismissed by honourable Supreme Court – however, casual attitude of even senior officers and senior counsels is apparent- such approach is a cause of un-necessary litigation, wasteful expenditure and brain drain- it must be stopped

Low tax effect- appeal dismissed by honourable Supreme Court – however, casual attitude of even senior officers and senior counsels is apparent- such approach is a cause of un-necessary litigation, wasteful expenditure and brain drain- it must be stopped https://www.taxtmi.com/article/detailed?id=6686 Filing of tax appeals for negligible revenue consequences should be restrained: appeals must follow higher level approval and careful scrutiny of tax effect, recurrence and precedent, in line with departmental instructions that set thresholds. The reported instance where a departmental appeal proceeded to the highest forum despite low tax effect and multiple senior advocates illustrates systemic casualness. This practice imposes contingent liabilities on taxpayers, wastes judicial and professional resources, and supports adoption of deterrents such as awarding costs and stricter internal vetting to reduce frivolous appeals. en-us Tue, 16 Feb 2016 08:07:29 +0530 Tue, 16 Feb 2016 08:07:29 +0530 TaxTMI RSS Generator Low tax effect- appeal dismissed by honourable Supreme Court – however, casual attitude of even senior officers and senior counsels is apparent- such approach is a cause of un-necessary litigation, wasteful expenditure and brain drain- it must be stopped https://www.taxtmi.com/article/detailed?id=6686 Filing of tax appeals for negligible revenue consequences should be restrained: appeals must follow higher level approval and careful scrutiny of tax effect, recurrence and precedent, in line with departmental instructions that set thresholds. The reported instance where a departmental appeal proceeded to the highest forum despite low tax effect and multiple senior advocates illustrates systemic casualness. This practice imposes contingent liabilities on taxpayers, wastes judicial and professional resources, and supports adoption of deterrents such as awarding costs and stricter internal vetting to reduce frivolous appeals. Articles Income Tax Tue, 16 Feb 2016 08:07:29 +0530 https://www.taxtmi.com/article/detailed?id=6686