Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>India Raises Monetary Limits for Tax Appeals to Reduce Litigation: Rs. 1 Crore for Supreme Court Cases.</h1> The Government of India has increased the threshold monetary limits for filing departmental appeals to reduce tax litigation and enhance the Ease of Doing Business. The new limits are Rs. 20 lakhs for Appellate Tribunals, Rs. 50 lakhs for High Courts, and Rs. 1 crore for the Supreme Court. This initiative aims to decrease minor litigations and allow the Department to focus on high-value cases. Consequently, a significant percentage of existing cases will be withdrawn, reducing litigation by 41% for the CBDT and 18% for the CBIC. This change does not apply to cases involving substantial points of law.