CBDT forms panel to bring down tax litigation; Head- Sanjeev Sharma

• The Central Board of Direct Taxes (CBDT) has formed a four-member committee to address tax related points and reduce the number of tax litigations.

• The committee will be headed by income tax commissioner Sanjeev Sharma.

• The committee is looking to tackle the issue in a two-prong way — addressing some current pain points and recommending some steps borrowed from international best practices.