Indian Supreme Court dismisses 573 tax cases after government revises appeal limits.

The Indian Supreme Court has dismissed 573 direct tax cases following the government's revision of monetary limits for filing appeals, which were increased to ₹60 lakh, ₹2 crore, and ₹5 crore for tax tribunals, High Courts, and the Supreme Court, respectively. This change, part of the 2024-25 Union Budget, aims to reduce tax litigation and streamline dispute resolution, with an estimated 4,341 cases expected to be withdrawn across various judicial forums.

September 24, 2024
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