Implementation of the Direct Tax Dispute Resolution Scheme 2016

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....e CsIT(A). Taxpayers stand to benefit by a timely disposal of their litigation, while the Department stands to reduce its administrative cost in disposing appeals and also to collect its due taxes. Therefore, it becomes expedient on the part of all officers to ensure that the Scheme is a resounding success. 2. On 29-2-2016, there were 73,402 appeals with tax effect above Rs. 10 lakhs and 1,85,858 appeals with tax effect below Rs. 10 lakhs pending before CsIT (Appeal). Thus, 2,59,260 appellants are eligible for the benefit of this Scheme. Unlike the Income Tax Disclosure Scheme, 2016, the target audience for this Scheme is limited to the above appellants and their representatives. This relatively smaller target group can easily be approac....

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....ing the benefits of this Scheme as applicable to the appellant. iii.   PCIT/CIT must interact with the local CA Associations and Bar Associations to explain the benefits of this Scheme. iv.  A 'Standard Operating Procedure' (Annexure 'B') is enclosed herewith for attention of all PCIT/CIT. 5. This issues with the approval of Member (A&J). Annexure 'A' To, ___________________ ___________________ Dear Taxpayer, Sub: Direct Tax Dispute Resolution Scheme, 2016 - reg. The Direct Tax Dispute Resolution Scheme, 2016, (Scheme) was introduced with effect from 1-6-2016. The primary aim is to reduce taxpayer grievance and uncertainty caused due to long pending litigation ....

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....nexure 'B' STANDARD OPERATING PROCEDURE FOR DIRECT TAX DISPUTE RESOLUTION SCHEME 2016 While introducing the Direct Tax Dispute Resolution Scheme, 2016, (Scheme) in his Budget speech, 2016, the Ho'nable Finance Minister observed that, 'litigation is a scourge for a tax friendly regime and creates an environment of distrust in addition to increasing the compliance cost of the taxpayers and administrative cost for the Government. There are about 3 lakh tax cases pending with the 1st Appellate Authority with disputed amount being 5.5 lakh crores." This scheme offers an opportunity to the taxpayers to resolve pending litigation and to bring clarity and certainty in their tax matters. The Department stands to benefit with....