CBDT to email 2.59 lakh taxpayers: Resolve Tax Dispute under Dispute Resolution Scheme

As per the scheme, a taxpayer who has an appeal pending before the CIT (appeals) can settle his/her case by paying the disputed tax and interest up to the date of assessment. No penalty in respect of cases with disputed tax up toRs.10 lakh will be levied. For cases exceedingRs.10 lakh, 25% of penalty would be levied and any pending appeal against a penalty order can also be settled by paying 25% of the minimum of the imposable penalty.

Thus, 2,59,260 appellants areeligible for the benefit of this scheme.

Source:http://timesofindia.indiatimes.com/india/Avail-scheme-resolve-your-tax-dispute-I-T-department-to-send-emails-to-2-59-lakh-taxpayers/articleshow/53894559.cms

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