Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

CBDT to expeditious disposal of appeal cases between May 16-31

CBDT

The Central Board of Direct Taxes (CBDT)  has said that it has decided to dedicate the second fortnight of May to fast track disposal of appeal effect and rectification claims of the taxpayers.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

“All assessing officers during May 16-31 would accord top priority to appeal cases and passing of rectification orders and would also earmark the first half of the day to meet applicants or the counsels who seek to have a hearing to explain their case,” the CBDT said in a letter to field formations.

AdvertisementSAAS

“Special attention would be given to demands on account of TDS mismatch, and demands disputed by taxpayers in response to proceedings under section 245 of the I-T Act, as these are creating widespread dissatisfaction among taxpayers,” CBDT stated.

As per the Act, the tax authorities can adjust the refund payable to the taxpayer against the past demand due from them.

AdvertisementInfoComm India 2026

The CBDT has also organized the similar redressal fortnight in May last year.

In order to bring down litigation substantially, in July 2018, the government had increased the threshold limit for the CBDT and Central Board of Indirect Taxes and Customs (CBIC) to file appeals in tribunals and courts.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

AvenuesAI Q2 Profit Rises 6% as Payments TPV Climbs

AvenuesAI Limited (formerly Infibeam Avenues Limited; BSE: 539807; NSE: CCAVENUE), the GIFT City–headquartered fintech and payments company, on… Read more →

Scripbox Clears Path to IPO With Public Company Conversion

Scripbox Wealth Managers Private Limited, the Bengaluru-based wealthtech platform founded by Atul Shinghal and Sanjiv Singhal, won shareholder… Read more →

Go Digit Q2 FY27 Profit Falls 31% to ₹142 Crore as Claims Rise

Go Digit General Insurance Limited, the Pune-based digital full-stack non-life insurer, reported a net profit of ₹142 crore… Read more →

Pine Labs Plans 1 Million UPI Soundboxes Ahead of Possible MDR

Pine Labs Limited expects to process ₹33,000–34,000 crore of monthly UPI gross transaction value (GTV) by FY28, according… Read more →

ED Searches CoinDCX, Delta Over FEMA Crypto Trades

The Enforcement Directorate (ED), Bengaluru Zonal Office, searched three premises linked to Neblio Technologies Private Limited (CoinDCX) and… Read more →

Angel One Overtakes Zerodha as India's No. 2 Broker

Angel One Limited overtook Zerodha as India’s second-largest stockbroker by National Stock Exchange (NSE) active investors at the… Read more →

whatsapp--v1