CBDT expands ToR for drafting new Direct Tax Law
(Date: 27/6/2019)
The Central Board of Direct Taxes (CBDT) has broaden the Terms of Reference (ToR) in order to draft new Direct Tax Law. The 5 new ToR have been included which are faceless & anonymised scrutiny/assessment, system based cross verification of financial transactions, reduction in litigation & expeditious disposal of appeal, reduction of compliance burden and sharing of information between GST, Custom, CBDT & FIU.