Copy of Letter from Union Finance Minister Shri. PRANAB MUKHERJEE to CBDT Chairman Shri Sudhir Chandra.
My Dear Sudhir
There has been an unprecedented collection of tax revenues in the financial year 2010-11. Against an initial aggregate target of Rs.7,45,000 crore that we revised to Rs.7,82,000 crore, the total collections stand at nearly Rs.7,90.000 crore. This has greatly strengthened our efforts for fiscal consolidation that is a key imperative for growth of our country’s economy and the socio-economic developments of its people.
2. At the beginning of the year, we set a target of direct tax collections of Rs.4,30.000 crore. I have noted with great pleasure that our ‘Aaykar Parivar’ has succeeded in meeting the revised target of Rs.4,46,000 crore and that too after issuing a record number of around 85 lakh refunds totaling around Rs.74,000 crore, during the year. The refunds and other taxpayer-friendly initiatives taken by CBDT are important milestones in good governance that encourage voluntary tax compliance.
3. I would like to convey through this letter, my heartiest congratulations to all members of our Aaykar Parivar for this magnificent performance. I am confident that they will succeed in fulfilling the growing expectations of our country for an innovative and responsible administration and will continue to provide a valuable partnership to India’s growth story.
4. My commendation may be conveyed to all officers and staff under Central Board of Direct Taxes appropriately.
Shri Sudhir Chandra, Chairman, CBDT,
North Block, New Delhi.