The quantum of money locked up in income tax disputes decreased in 2010 as compared to the previous year despite increase in number of cases, Parliament was informed today. The amount stuck in I-T cases actually declined to Rs 2,42,377 crore as on December 31, 2010 as compared to Rs 2,88,336 crore at the end of 2009, Minister of State for Finance S S Palanimanickam said in a written reply in the Rajya Sabha.
However, the number of income tax disputes rose to 2,69,770 at the end of 2010 from 2,59,549 in the previous year.
On the steps being taken by the Government to speed up resolution of tax disputes, the minister said, “requests for expeditious hearing of cases are made before the Income Tax Appellate Tribunal (ITAT), High Courts and the Supreme Court”.
