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Union Budget 2024-25 provided for an enhanced monetary limit for filing appeals related to Direct Taxes, Excise and Service Tax in various judicial fora Hon'ble Supreme Court disposed of 573 direct tax cases in view of the revised monetary limit for filing off appeals The measures are expected to significantly reduce the burden of tax litigation and expedite the resolution of tax disputes in alignment with Government's efforts to promote 'Ease of Living' and 'Ease of Doing Business'CBDT and CB
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FAQ :
The Supreme Court disposed of 573 direct tax cases.
The disposal was a result of the revised monetary limit for filing appeals in direct tax cases, as announced in the Union Budget 2024-25.
The monetary limit for filing direct tax appeals to the Supreme Court has been increased to ₹5 crore.
The government aims to significantly reduce the burden of tax litigation and expedite the resolution of tax disputes, promoting 'Ease of Living' and 'Ease of Doing Business'.
Yes, the monetary limits for filing appeals for specified legacy Central Excise & Service Tax cases have also been increased for CESTAT, High Courts, and the Supreme Court.
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