News and Press Release - Dated:- 11-7-2018 - In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease of Doing Business, Government of India has decided to increase the threshold monetary limits for filing Departmental Appeals at various levels, be it Appellate Tribunals, High Courts and the Supreme Court in the following manner :- Sl. No. Appeal Fora Present limit for filing appeal (In Rs.) Enhanced limit (In Rs.) 1. ITAT / CESTAT 10 lakhs 20 lakhs 2. High Courts 20 lakhs 50 lakhs 3. Supreme Court 25 lakhs 1 Crore This is a major step in the direction of litigation management of both direct and indirect taxes as it will effectively reduce minor litigations and help the Department to focus on high value litigations. In case of CBDT, out of total cases filed by the Department in ITAT, 34% of cases will be withdrawn. In case of High Courts, 48% of cases will be withdrawn and in case of Supreme Court 54%

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =