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Standing Committee Slams I-T Dept For High-Pitched Orders

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September 17: The Parliamentary Standing Committee on Finance slammed the income tax department's recent tax demands, calling them high-pitched and devoid of merit. It also pulls up the department for a poor appeals record. This criticism comes even as multinational corporations cry foul over what they call overzealous tax demands. Bloomberg TV India reviews the situation, highlighting the department’s track record and recent rise in litigation.