Chief Justice of India asks govt to reduce tax burden on citizens.
Chief Justice of India SA Bobde asked the government of India tax judiciaries to take steps to reduce the tax burden on citizens by saying the ‘excessive taxation’ can be seen as a form of social injustice imposed on the people.
 |
| SA Bobde |
CJI’s comments came became crucial to the government of India as they set to introduce the annual budget on February 1 and the International Monetary Fund had on Monday slashed the economic growth rate at 4.8 per cent.
Chief Justice if India Mr. S A Bobde was speaking at an event held to mark the 79th Foundation ceremony of the Income Tax Appellate Tribunal in Delhi. He quoted, “Excessive taxation can be seen as a form of social injustice imposed on the people. While tax evasion is social injustice to fellow citizens, arbitrary or excessive tax also results in social injustice by the government itself.”
India is currently in the curse of high inflation. The bad patch of economic statics as a weakening of rupee as well as growth slowdown. According to report of December 2019, the inflation rose to 7.35 per cent. It was a five-and-half year high, raising crisis on the pockets of common people.
The apex court’s judge also focused on the crucial role that taxation-related disputes are resolved swiftly.
“Tax judiciary plays a very important role in resource mobilisation of the country. A just and speedy dispute resolution is perceived as a tax incentive by the taxpayer. To a tax collector, an efficient tax judiciary ensures that demands arising out of legitimate assessments are not strangled by delayed litigation,” he explained n the convocation .
Chief Justice if India Mr. S A Bobde was speaking at an event held to mark the 79th Foundation ceremony of the Income Tax Appellate Tribunal in Delhi. He quoted, “Excessive taxation can be seen as a form of social injustice imposed on the people. While tax evasion is social injustice to fellow citizens, arbitrary or excessive tax also results in social injustice by the government itself.”
India is currently in the curse of high inflation. The bad patch of economic statics as a weakening of rupee as well as growth slowdown. According to report of December 2019, the inflation rose to 7.35 per cent. It was a five-and-half year high, raising crisis on the pockets of common people.
The apex court’s judge also focused on the crucial role that taxation-related disputes are resolved swiftly.
“Tax judiciary plays a very important role in resource mobilisation of the country. A just and speedy dispute resolution is perceived as a tax incentive by the taxpayer. To a tax collector, an efficient tax judiciary ensures that demands arising out of legitimate assessments are not strangled by delayed litigation,” he explained n the convocation .
-----------------------------------------------------------------------