Changing Litigation Landscape In India From Pending Litigation To Speedy Resolutions

India is moving at a rapid pace on the path of economic growth, and its litigation landscape is keeping up. Over the years, taxpayers from different sectors have experienced various reactions on matters under litigation with the Indian Tax Authorities. However, this scenario could soon change as the government is making sincere efforts to bring in efficiency and speed in the disposal of matters under litigation.

The government is working towards a 'litigation-by exception' tax regime, and has taken some landmark steps towards reducing tax litigation. Two specific examples of this approach are the introduction of Limited Scrutiny Assessment (Revenue Audit) and a substantial modification in the criteria for the initiation of transfer pricing assessment.