Keep interest of economy before revenue in tax notices: Revenue secy

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Keep interest of economy before revenue in tax notices: Revenue secy - Business Standard

Quick Summary:

Revenue Secretary Sanjay Malhotra on Wednesday askedI officers to nab the masterminds behind smuggling rackets, but keep the interest of the economy in mind before issuing high-pitched notices in commercial fraud cases.

However, Malhotra added that the officers have to be "very careful" while taking action against traders or businesses involved in potential commercial fraud cases.

Addressing the 67th foundation day of the Directorate of Revenue Intelligence (DRI), Malhotra also said it is vital for the department to upgrade skills and manpower to adapt to the technology changes.