Starting from April 1, 2026, income tax payers will ... simple to understand for taxpayers and tax administration, leading to tax certainty and reduced litigation,” Finance Minister Nirmala ...

The largest pendency in litigation lies at the first appellate level—the Commissioner of Income Tax (Appeals). In FY 2018-19, about 335,000 disputes were awaiting disposal by the CIT(A).

Mihir Ashok Tanna, Associate Director (Direct Taxes) at S K Patodia & Associates LLP, noted, “Direct Tax proposal ... on special rate income which is the subject matter of litigation and ...

Simplify the language and provisions of the current Income Tax Act. Reduce litigation and disputes by increasing clarity and acceptance by taxpayers. Elimination of obsolete provisions and ...

The tax rebates and rationalisation of the income tax slabs offered in the ... to introduce some tangible methods to reduce tax litigations or disputes in the new act. “While GST collection ...

The New Income Tax Bill is likely going to be introduced by Finance Minister Nirmala Sitharaman in the Lok Sabha today. There ...

India has an extensive tax appeals system that starts from the Commissioner of Income Tax Appeals to the Supreme Court. However, India's tax litigation numbers, pendency, and resolution time are ...

[1] The Talcott Litigation ... rates on future tax expectations. Here, however, Arbuckle alleges that because the class policies were purportedly priced using a 35% corporate income tax assumption ...

KOLKATA: The city's leading legal minds want the proposed direct tax code to address tax litigations ... were testimony to the fact that the Income Tax Act needed immediate reforms.

The Finance Minister in her last Union Budget had proposed a complete overhaul of the Income Tax Act to make it more concise, lucid, easy to understand so as to reduce litigation and foster certainty.

which provides a retirement contribution from the federal government to help low- and moderate-income workers save for retirement. The provision, which SECURE 2.0 made effective for tax years ...

Rep. Ritchie Torres, who backed Andrew Yang as his No. 1 pick in 2021 and is thinking of running for governor next year, called Adams “compromised.” Rep. Nydia Velázquez, who endorsed Maya Wiley last ...