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CAG Report Raises red Flags over Income Tax Department’s Handling of Arrears and Outstanding Demands
A CAG report on the functioning of Income Tax Department, tabled in Parliament on Tuesday, has raised concern over non-sharing of data with the audit team related to arrears and Outstanding demand.
The report (No. 14 of 2024) said there has been a significant non-production of records, with the I-T dept failing to provide information for more than 42% of the requisitioned cases, thereby limiting the scop of Audit. “The I-T Dept did not provide data on cases close after march 2020, preventing verification of the correctness of the Closure of these cases, “It Said.
According to CAG, till March 2021, the accumulated I-T outstanding demand raised but not realised, stood at Rs 14.41 lakh Crore, of which Rs 10.58 lakh crore was Shawn as ‘Under Dispute’ , representing 73% of the Total.
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