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Higher tax appeal limits cut disputed demand by Rs 16,690 crore
['Telangana Today']
Telangana Today
Higher tax appeal limits cut disputed demand by Rs 16,690 croreThe increase in monetary limits for filing departmental tax appeals has reduced disputed tax demand by an estimated Rs 16,690 crore, Parliament was informed.
The total estimated reduction in disputed tax demand at the ITAT was Rs 3,662.82 crore.
The estimated reduction in disputed tax demand was Rs 9,218.71 crore.
This resulted in an estimated Rs 3,807.15 crore reduction in disputed tax demand.
Taken together, the total estimated reduction in disputed tax demand at the ITAT, high courts and the Supreme Court stood at Rs 16,690 crore.