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49,534 cases settled under Sabka Vishwas Legacy Dispute Resolution Scheme

49,534 cases settled under Sabka Vishwas Legacy Dispute Resolution Scheme

The details of total amount of funds that are locked up in cases at various quasi-judicial, appellate and judicial forums under Service Tax and Central Excise put together as on dated 31.12.2019 are as follows: Serial No. Forum Number Amount (Rs. in Cr.) Supreme Court 2327 31088.96 High Court 9952 45893.47 CESTAT 51841 184860.65 Commissioner (Appeals) 16068 8015.86 Adjudication (Upto Commissioner) 64368 145313.85 Total 144556 415172.83 The total number of settlements done under the Sabka Vishwas (Legacy Dispute Resolution Scheme, 2019)…

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ICAI offers its infrastructure to Income Tax Appellate Tribunal (ITAT)

ICAI offers its infrastructure to Income Tax Appellate Tribunal (ITAT)

The Institute of Chartered Accountants of India (ICAI) recently got into an arrangement with Income Tax Appellate Tribunal (ITAT) at New Delhi whereby ICAI has extended the facility of using ICAI infrastructure for conducting hearings of ITAT at some of ICAI branches & offices across the country including Srinagar & Ladakh. ICAI, being a true Partner in Nation Building has always collaborated with various initiatives of the Government, Regulatory authorities, etc.  for facilitating the implementation of various policies/ measures for development of…

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