Thursday, July 12, 2018

CBDT raises threshold limit for filing of appeal before ITAT, High Courts and Supreme Court

With a motive to reduce the litigation on Income-tax matters the CBDT has sharply increased the threshold limit for filing of appeal before judicial authorities. The revised limit for filing of appeal before ITAT, High Courts and Supreme Courts shall be Rs. 20 lakhs, Rs. 50 lakhs and Rs. 1 Crore respectively.

from taxmann.com News https://ift.tt/2NOaBMK
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