Income tax disputes: Govt drops 23,467 appeals under higher tax-effect limits; what taxpayers need to know
· livemint.com
The Income Tax Department has withdrawn 5,978 appeals and not filed another 17,489 after higher monetary limits were introduced for departmental tax appeals. Here’s what the ₹60 lakh, ₹2 crore and ₹5 crore thresholds mean for taxpayers and pending income-tax disputes.
The government has withdrawn 5,978 departmental income-tax appeals and decided not to file another 17,489 after raising the monetary limits for pursuing tax dis...