INCOME TAX UPDATE!!

[CA.MANISH GOYAL]

Dear All,

Please find below the Income Tax Update along with the Thought for the day:

1. Thought for the Day:

"Strength does not come from what you can do.

It comes from overcoming the things you once thought you couldn't."

2. Update:

I-T department launches PAN-based litigation management system The Income Tax department has activated a PAN-based online system which enables the taxman to access cases in their jurisdiction on a click, amongst a building database of over 5 lakh appeals and 1.50 lakh judgements. This facility is part of the National Judicial Reference System (NJRS).The new measure will drastically cut down time in appeal and litigation management in the department.The system is the first of its kind in the country for comprehensive litigation management in any government department.The facility will be maintained by the National Securities Depository Limited (NSDL). The National Judicial Reference System (NJRS) is a project of Indian Income Tax Department to streamline its tax litigation system. It aims to be a comprehensive repository of all Appeals and Judgments related to Direct Taxes in India. NJRS will help the IT department in decongesting and streamlining the huge backlog of litigation in various courts and Tribunals related to direct tax cases.