 "PC Mody, Chairman, CBDT")
Revival in economic activity brings hope of improvement in direct tax collections, says Central Board of Direct Taxes (CBDT) chairman P C Mody. He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October. This has eliminated territorial jurisdiction and substituted individual discretion with team-based assessment. It has brought transparency and objectivity to the process and will end harassment of taxpayers, he adds. Edited excerpts:
With the economy expected to face a recession this year, what does the outlook for direct tax collection look like? Do you at least aim to meet
