Quick Summary
Finance Minister Nirmala Sitharaman on Monday directed the Income Tax Department to withdraw all pending appeals where the disputed tax demand falls below the revised monetary thresholds announced in Budget 2024-25. As per the updated limits, the government had raised the monetary thresholds for filing departmental appeals to Rs 60 lakh before the Income Tax Appellate Tribunal (ITAT), Rs 2 crore before High Courts and Rs 5 crore before the Supreme Court. These revised thresholds aim to de-clog
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FAQ :
She has ordered the Income Tax Department to withdraw all pending appeals where the disputed tax demand falls below the revised monetary thresholds set in Budget 2024-25.
The revised thresholds are Rs 60 lakh before the Income Tax Appellate Tribunal (ITAT), Rs 2 crore before High Courts, and Rs 5 crore before the Supreme Court.
The aim is to de-clog the judicial system, reduce litigation backlog, and allow the department to focus on high-value disputes, thereby enhancing taxpayer confidence.
Over 4,600 appeals have already been withdrawn, and more than 3,100 cases were not pursued due to the new limits.
The Finance Minister has instructed that all departmental appeals falling below the revised thresholds must be identified and withdrawn within three months.
The Finance Minister is also emphasizing speeding up the resolution of tax disputes before faceless appellate authorities and has highlighted progress in taxpayer grievance redressal and refund issuance.
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