I-T dept hikes threshold for filing appeals in courts, tribunal by officers ...Middle East

The income tax department has hiked the minimum threshold for filing appeals by the department in tribunal, high courts and the Supreme Court. As per a circular by the 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, respectively. In 2019, the government had set the threshold for filing appeals at Income Tax Appellate Tribunal (ITAT) at Rs 50 crore, high courts (Rs 1 crore) and Supreme Court (Rs 2 crore). The Central Board of Direct Taxes (CBDT) also said that monetary limit with regard to filing appeals/SLP (Special Leave Petition) shall be applicable to all cases including those

Hence then, the article about i t dept hikes threshold for filing appeals in courts tribunal by officers was published today ( Wednesday 18/09/2024 - 11:57 AM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( I-T dept hikes threshold for filing appeals in courts, tribunal by officers )

Also on site :

• M31 and Ambiq Collaborate on TSMC N12e® Foundation IP to Address Demanding SoC Power and Area Targets
• Configit wurde im Gartner® Hype Cycle™ für Discrete Manufacturing Technologies 2026 als Beispielanbieter aufgeführt
• Industrious and GANMI Expand Core Columbia Workspace as GANMI Grows San Diego's Innovation and Japan-U.S. Business Ties