MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI. S.S.PALANIMANICKAM)
(a) The total amount of revenues collected by Income Tax Department in Orissa
in last three years is as follows:
Financial Yr. Amt. of Revenue
collected
2004-05 Rs.2197.65 crore#
2003-04 Rs.1399.38 crore
2002-03 Rs. 942.74 crore
# The figures for 2004-05 are provisional.
(b) The target was exceeded in Financial Year 2004-05 and there was a small
shortfall of 1.5% in Financial Year 2003-04. In Financial 2002-03, 87% of the
target was achieved.
(c) Targets for revenue collection for a particular region are fixed assuming
certain growth parameters. In some years, the actual performance of the economy
remains lower than the assumptions made while fixing the targets, resulting in
shortfalls. The state of Orissa with its small industrial base and periodic
occurrence natural calamities is particular prone to low economic growth
leading to lower revenue collections. Moreover, a substantial portion of the
corporation tax collection in Orissa comes from public sector companies
like NALCO, Orissa Mining Corporation and Mahanadi Coalfields Ltd. Lower tax
payments by such PSUs adversely affects the entire collections of the state.
(d) Yes sir,
(e) In the last three years the Income Tax Department in Orissa has filed
190 appeals before the High Court.
(f) In the cases where the assesses of Orissa have filed appeals before
High Court and Supreme Court, the amount of arrears outstanding as on 31.5.2005
is Rs. 8 crore (approximately). In the appeals filed by the Income Tax Department,
though there are no outstanding arrears, as in such cases the Department has lost
at the stage of ITAT, there would be revenue involved if the Department succeeds
in appeal. However, the amount of such revenue is difficult to ascertain.
