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News Misc. - Direct Tax

  • Jul 12, 2018
  • Litigation management: Govt hikes monetary limits for tax appeals

    Seeking to reduce litigation pertaining to tax matters and facilitate ease of doing business, the government has increased the monetary threshold limits for departmental appeals at various levels — appellate tribunals, high courts, and the Supreme Court. This is the second time in two years that the threshold has been hiked for the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). “Litigation cases have come down over the last two years and the move to further hike the threshold will cut that down further.