New Delhi, Nov 2 (KNN) Revenue Secretary Hasmukh Adhia today said the Finance Ministry is preparing a roadmap separately for dealing with the existing tax litigation.
 
He further added that the Justice R V Easwar panel will look at ways to simplify income tax laws though it will not specifically deal with the issues concerning retrospective tax amendment.
 
"We are preparing a roadmap separately for dealing with the existing tax litigation," he said.

Adhia said terms of reference for the Committee for simplification of tax laws are there and they will work accordingly.
 
According to some media reports, it is believed that the government is considering an option to raise threshold limit for cases to be filed before Income Tax Appellate Tribunal.
 
Finance Minister Arun Jaitley, in his budget speech earlier this year, had said that a tax demand of more than Rs 4 lakh crore is under dispute and litigation before various Courts and Appellate authorities. (KNN Bureau)