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Union Finance Minister Nirmala Sitharaman has directed the Central Board of Direct Taxes (CBDT) to identify and withdraw all departmental tax appeals that fall below the revised monetary thresholds announced in the Union Budget 2024-25. A strict three-month deadline has been set for compliance. The
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FAQ :
She has directed the CBDT to identify and withdraw all departmental tax appeals that fall below the revised monetary thresholds announced in the Union Budget 2024-25.
A strict three-month deadline has been set for compliance.
For the Income Tax Appellate Tribunal (ITAT), the threshold is raised from Rs 50 lakh to Rs 60 lakh. For High Courts, it's from Rs 1 crore to Rs 2 crore. For the Supreme Court, it's from Rs 2 crore to Rs 5 crore.
The move aims to reduce legal clutter, ease the burden on taxpayers, and strengthen the overall efficiency of tax administration, allowing courts to prioritise higher-value disputes.
These revised thresholds have already led to the withdrawal of 4,605 appeals, and in 3,120 cases, appeals were not filed due to falling below the updated limits.
Out of 5.77 lakh total pending tax appeals, over 2.25 lakh cases have been identified for resolution in FY 2025-26.
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