New Delhi, Feb. 4 -- The Central Board of Direct Taxes (CBDT) has hailed a series of proposals in the Union Budget aimed at reducing litigation and enhancing the ease of living for taxpayers.
These measures include integrating assessment and penalty proceedings into a single process, a move expected to significantly reduce the time and resources taxpayers expend.
Speaking exclusively with ANI, CBDT Chairman Ravi Agrawal stated, "You see in this budget, some very substantial significant proposals are there which aim at reducing litigation going forward because this has been an area of concern."
He explained that the department has combined the assessment and penalty proceedings into a single process.
"So immediately the proceedings get...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.