The general budget is to be presented next Saturday in the country. Chief Justice Sharad Arvind Bobde has given an important statement about tax. Justice Bobde said on Friday that levying more tax on citizens is a social injustice. Along with this, at the 79th Foundation Day celebrations of the Income Tax Appellate Tribunal, Justice Bobde has termed tax evasion crime and termed it a social injustice to others. Along with this, it was also said that the government's imposition of arbitrary or excessive tax on people is also a kind of social injustice.
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The Chief Justice (CJI) said that tax should be collected from the citizens in the same way as the bee extracts the juice from it without harming the flowers. His statement came at a time when Finance Minister Nirmala Sitharaman is going to present the general budget of 2020-21 on February 1. This time they are expected to get relief in Income Tax. It is worth mentioning that the government has cut the corporate tax drastically in September last year to boost investment in the country.
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CJI has been insisting on speedy disposal of disputes related to tax. He said that the speedy resolution of disputes is like an incentive for income taxpayers and it also drains the money involved in lawsuits. Along with this, Justice Bobde stressed that the tax judiciary plays a very important role in raising resources for the country. Expressing concern over the delay in justice, the CJI said that due to these tribunals were formed.
