Business Standard

ITSC Kolkata bench passed 250 orders in four years: Official

IANS  |  Kolkata 

The branch of (ITSC) passed 250 orders in the last four years, out of 338 new applications filed before the bench, an said here on Tuesday.

"We have passed 250 orders in the last four years starting from 2014-15 to till April 30, 2018. There were 338 new applications filed during the period. Out of 250 orders that we have passed, in all cases immunity was granted from prosecution and in 245 applications, immunity was granted from penalty," Commission's Additional Bench Vice Chairman said.

Penalty was imposed in only five cases, he said at an interactive session at MCCI here.

The Alternative Dispute Resolution (ADR) body in with a mandate to resolve tax disputes in respect of Indian income tax and wealth tax laws between the two disputing parties -- the on one side and litigating tax payer on the other -- has seven benches across

"The Commission is required to pass the settlement order within 18 months of filing of the application," he added.

--IANS

bdc/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 00:30 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU