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Tax Dispute Scheme Gets Tepid Response, Garners Rs. 1,200 Crore

Tax Dispute Scheme Gets Tepid Response, Garners Rs. 1,200 Crore

Sunday, April 2, 2017, 11:30 PM

The government's ambitious tax-dispute resolution scheme has ended with just Rs.1,200 crore being collected and none of the high-profile retrospective tax cases involving firms like Vodafone and Cairn Energy opting to settle. Finance Minister Arun Jaitley in his budget for 2016-17 announced the Direct Tax Dispute Resolution Scheme for nearly 2.6 lakh pending tax cases where Rs. 5.16 lakh crore are locked in.
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