CIRCULARS- WHY THEY ARE NOT FOLLOWED EVEN BEFORE THE SUPREME COURT AND LITIGATION IS CONTINUED? BRAIN DRAIN IN UN-NECESSARY LITIGATION MUST COME TO AN END

CIRCULARS- WHY THEY ARE NOT FOLLOWED EVEN BEFORE THE SUPREME COURT AND LITIGATION IS CONTINUED? BRAIN DRAIN IN UN-NECESSARY LITIGATION MUST COME TO AN END https://www.taxtmi.com/article/detailed?id=8270 Non compliance by revenue authorities with CBDT circulars has produced avoidable tax litigation where appeals with low tax effect proceed instead of being withdrawn. CBDT circulars fall into three operative categories-limits for low tax effect, non litigation on issues settled by accepted judgments, and adherence to CBDT decisions favouring taxpayers-and are binding on revenue officers. Despite this, assessing officers, appellate officers and revenue counsel frequently file or press appeals and related petitions, increasing pendency and wasting judicial time; systematic withdrawal and stricter adherence to circulars is urged. en-us Wed, 05 Dec 2018 06:28:39 +0530 Wed, 05 Dec 2018 06:28:39 +0530 TaxTMI RSS Generator CIRCULARS- WHY THEY ARE NOT FOLLOWED EVEN BEFORE THE SUPREME COURT AND LITIGATION IS CONTINUED? BRAIN DRAIN IN UN-NECESSARY LITIGATION MUST COME TO AN END https://www.taxtmi.com/article/detailed?id=8270 Non compliance by revenue authorities with CBDT circulars has produced avoidable tax litigation where appeals with low tax effect proceed instead of being withdrawn. CBDT circulars fall into three operative categories-limits for low tax effect, non litigation on issues settled by accepted judgments, and adherence to CBDT decisions favouring taxpayers-and are binding on revenue officers. Despite this, assessing officers, appellate officers and revenue counsel frequently file or press appeals and related petitions, increasing pendency and wasting judicial time; systematic withdrawal and stricter adherence to circulars is urged. Articles Income Tax Wed, 05 Dec 2018 06:28:39 +0530 https://www.taxtmi.com/article/detailed?id=8270