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Jul 18, 2018
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Withdraw by Aug 20 appeals pending before tribunals/courts exceeding threshold: CBDT
The Income Tax department has directed its field offices to withdraw by August 20 the appeals pending before tribunals and courts that exceed the fixed monetary threshold. In a circular issued today, the Central Board of Direct Taxes (CBDT) said that the pending appeals or special leave petitions (SLPs) should be withdrawn "on priority" to enable the department to focus on high value litigations. In order to reduce litigation, the government had, last week, hiked the threshold limit for filing appeals in tribunals to Rs 20 lakh, while the same for high courts and the Supreme Court has been raised to Rs 50 lakh and Rs 1 crore, respectively.
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