Income Tax Department Hikes Threshold for Filing Appeals in Courts, Tribunal by Tax Officers – News18
SLPs/appeals pending before Supreme Court, high courts, and tribunals that are below the prescribed threshold should be withdrawn, says CBDT. Tax authorities can file appeals before the ITAT, high courts and Supreme Court, if the disputed tax demand exceeds Rs 60 lakh, Rs 2 crore and Rs 5 crore. The income tax department has hiked…