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CBDT expands Terms of Reference for drafting new Direct Tax Law

June 27, 2019
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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.
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