Parliamentary panel on I-T Bill backs time-bound resolution of tax cases
NEW DELHI: There should be a time-bound resolution of litigations, a parliamentary panel that examined the Income Tax Bill, 2025, has suggested, as it made 285 recommendations on the draft legislation aimed at simplifying and modernising tax laws.
The select committee of Lok Sabha headed by BJP's Baijayant Panda examined the IT Bill and adopted the report on the draft legislation, which is expected to be presented in the House on Monday (July 21) - the first day of Parliament's monsoon session. "We have made 285 recommendations. The government has already accepted 250. We have said tax litigations should not linger on and there should be time-bound resolution, although huge improvements have happened as can be seen in the case of refunds," a panel member said.
New IT bill removes redundant provisions
The recommendations of the parliamentary panel that examined the Income Tax Bill, 2025, were largely "corrective" in nature, a panel member told TOI. The simplification efforts have led to the reduction of the size of the document to 600 pages from the earlier 850. The IT Bill, 2025, was tabled in Parliament on February 13 and was aimed at simplifying the language and structure of the IT Act 1961.
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It was sent to the select committee for examination.
The simplification exercise was guided by three core principles, which included textual and structural simplification for improved clarity and coherence, no major tax policy changes to ensure continuity and certainty, and no modification of tax rates, which is aimed at preserving predictability for taxpayers, an official statement had said.
The new IT Bill also aims at eliminating redundant and repetitive provisions for better navigation, reorganising sections logically to facilitate case of reference.
It has opted for simplified language to make the law more accessible and has removed obsolete and redundant provisions for greater clarity.
Existing taxation principles have been preserved to ensure continuity while enhancing usability, the statement had said. "The Income-Tax Bill, 2025, reflects the govt's commitment to enhancing ease of doing business by providing a tax framework that is simplified and clear," it had said.
In an interview to TOI a day after presenting her 8th consecutive Budget in February this year, finance minister
Nirmala Sitharaman
had said that the new IT bill was aimed at making it relevant for the 21st century.
CBDT chairman Ravi Agrawal had said there has been simplification in terms of the language and presentation and it brings more clarity to the system which is expected to reduce litigation.
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