Supreme Court Streamlines Tax Cases: Over 573 Direct Tax Appeals Disposed

The finance ministry announced that the Supreme Court has disposed of 573 direct tax cases following the revised monetary limits for tax appeals stated in the Union Budget 2024-25. This move is part of the government's effort to reduce tax litigation and ease doing business.

The finance ministry announced on Tuesday that the Supreme Court has resolved 573 direct tax cases following the revised monetary limits for filing appeals outlined in the Union Budget 2024-25.

The Budget increased the monetary limits for appeals related to direct taxes, excise, and service tax in tax tribunals, high courts, and the Supreme Court to Rs 60 lakh, Rs 2 crore, and Rs 5 crore, respectively.

The ministry noted that the Supreme Court had disposed of 573 direct tax cases where the tax effect was below Rs 5 crore, in line with the new limits. These changes are part of the government's broader initiative to cut down on tax litigation and enhance the ease of doing business.

(With inputs from agencies.)