September 24, 2024 8:32 PM
Supreme Court disposes 573 direct tax cases under new appeal limits
The Supreme Court has disposed of 573 direct tax cases where the tax effect is less than ₹5 crore, in light of the revised monetary limits for filing appeals, as announced by the Ministry of Finance on Tuesday. This decision is part of the government’s ongoing efforts to reduce tax litigation and enhance the Ease of Doing Business in India. The Union Budget for 2024-25 introduced increased monetary limits for appeals related to Direct Taxes, Excise, and Service Tax in various judicial forum...