New Delhi, Jan. 24 -- Chief Justice of India S A Bobde on Friday made a case for speedy resolution of tax disputes saying it will act as an incentive for tax payers and free the funds locked in litigation.
The Chief Justice said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases.
"A just and speedy dispute resolution is perceived as a tax incentive by the taxpayer. To the tax collector, an efficient tax judiciary assures that demands arising out of legitimate assessment are not strangled in delayed litigation," Bobde said at the 79th foundation day celebrations of the Income Tax Appellate Tribunal.
The pendency of appeal cases related to indirect taxes in the Sup...