Intentar ORO - Gratis

Don't delay disposal of tax cases: FM

Financial Express Kochi

|

July 25, 2025

FINANCE MINISTER NIRMALA Sitharaman on Wednesday said delays in issuing 'orders giving effect (OGEs)' to the taxpayers by the income tax department for the execution of grievance disposal orders "unpardonable".

- FE BUREAU

Speaking at an event marking Income Tax Day, Sitharaman commended the department's efforts in drafting the simplified, concise, and easy-to-understand 'Income Tax Bill 2025', which will replace the existing Income Tax Act of 1961. The minister appreciated the suggestions made by the Lok Sabha Select Committee and said those will be considered. She said the Bill will likely be approved by the Parliament later this year.

She highlighted five key operational priorities from a 2025 meeting that the department has to execute: accelerating tax demand disposal, withdrawing appeals below a threshold, timely tax refunds, analysing grievances and region-wise performance reviews.

MÁS HISTORIAS DE Financial Express Kochi

Financial Express Kochi

Apple tops 2025 smartphone mkt

GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.

time to read

1 min

January 13, 2026

Financial Express Kochi

New US envoy raises hope of deal, says talks resume today

HOPES OF A trade deal between India and the US revived on Monday with the new US Ambassador to India Sergio Gor saying the two countries will discuss trade issues in their next call scheduled for Tuesday.

time to read

1 min

January 13, 2026

Financial Express Kochi

Powell vows to stand firm amid DOJ criminal probe

TRUMP DENIES HAVING ANY KNOWLEDGE OF THE INVESTIGATION

time to read

1 min

January 13, 2026

Financial Express Kochi

Inequality top concern for youth: Survey

*“Cyberfraud big worry for CEOs’

time to read

1 min

January 13, 2026

Financial Express Kochi

Forex swap to cruise on arbitrage, corp demand, say bankers

THE ARBITRAGE OPPORTUNITIES between onshore and offshore markets alongside an expected pickup in corporate participation are likely to help the Reserve Bank of India's (RBI's) $10-billions foreignexchange swap sail through smoothly, bankers said.

time to read

1 min

January 13, 2026

Financial Express Kochi

Deutsche’s India business gets Kotak, Federal bids

THE BANK, WHICH currently operates branches in 16 cities in India, has been narrowing its focus in recent years on corporate banking and investment banking services for multinational and large domestic clients.

time to read

1 min

January 13, 2026

Financial Express Kochi

Labour Code impact drags TCS, HCLTech profits in Q3

Revenue growth remains steady

time to read

1 min

January 13, 2026

Financial Express Kochi

Gold and silver storm to records

GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.

time to read

1 min

January 13, 2026

Financial Express Kochi

Lemon Tree: Restructuring gains

EYES CAGR OF 11% IN REVENUE, 13% IN EBITDA, 26% IN PAT OVER FY25-28

time to read

2 mins

January 13, 2026

Financial Express Kochi

Capex budget may increase to ₹12.5L cr

AKEYAREA where much of the incremental outlay may be directed is the Centre’s grant-like scheme for special assistance to states for capital investment (SASCI).

time to read

1 mins

January 13, 2026

Listen

Translate

Share

-
+

Change font size