ITSC Recruitment 2017 - Apply Online Live ITSC Recruitment Openings

ITSC Recruitment 2017 Income Tax Settlement Commission jobs apply online for live jobs Openings - 12TH,Graduate,Diploma can apply for this ITSC Recruitment updated on 16-06-2015.


Last modified:16-06-2015

Apply for Latest Income Tax Settlement Commission ITSC Recruitment 2017: Here you can find all Latest Income Tax Settlement Commission ITSC Jobs alert. Please read the provided information such as educational qualification, application fees, selection procedure etc. carefully before applying for the job. Subscribe to ITSC Jobs and get recruitment notifications on vacancies across India through Fresherslive.com.

Currently there are no active jobs in ITSC - please Check other central_govt (66,827 Vacancies)

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Income Tax Settlement Commission (ITSC) is an important Alternate Disputes Resolution (ADR) mechanism for resolving tax disputes relating to Direct Taxes. At present, four benches of the Settlement Commission are operational at New Delhi, Mumbai, Kolkata and Chennai, respectively. The Commission was constituted w.e.f. 01.04.1976, on the recommendation of the Wanchoo Committee (1971). The Committee conceived the Commission as a mechanism for providing room for settlement and compromise for one-time tax evaders or unintending defaulters. The Commission has settled over 15000 tax disputed in its life-time, which include 4778 tax disputes in the last 11 years. One �Case� settled by the Commission, reduces litigation in respect of an applicant for several years relating to proceedings of various nature, such as assessment, penalty, prosecution, tax collection, etc. Each such proceeding before an Assessing Officer of the Income Tax Department is appealable before Commissioner (Appeals) and later before the Income Tax Appellate Tribunal and where it involves question of law, even up to High Courts and the Supreme Court.

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