I-T Dept asked to dispose appeals of over â¹50 cr by year-end
The Central Board of Direct Taxes (CBDT) has directed the Income Tax Department to dispose of appeals cases where the tax demand is above â¹50 crore. As many as 841 such cases were pending as on April 1 this year. "Litigation has been rising over the years and has now assumed grave proportions," the policy-making body has said. 