Tax relief! Centre hikes threshold limit for Income Tax deptt appeals in tribunals/courts
The tax department will file appeals in ITAT/CESTAT if the tax amount involved is Rs 20 lakh or more, up from Rs 10 lakh at present. Appeals would be filed in High Courts if the tax amount involved in litigation is Rs 50 lakh, up from Rs 20 lakh at present.
For the Supreme Court, the threshold limit has been hiked to Rs 1 crore, from Rs 25 lakh at present. Image source: PTI