Income Tax Dept seeks more time for international cases

The Indian tax office has requested that hearings related to contentious transfer pricing and international taxation cases be adjourned until a ruling is given by the Supreme Court. If the top court upholds a ruling by either the Bombay High Court or earlier Chennai High Court order, a number of tax matters currently before the Dispute Resolution Panel would become time-barred under tax law, meaning the tax office would be unable to recover any tax from these claims.

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