Direct tax Dispute: Revised limit to be applicable to pending cases as well, says CBDT

Last year, the board had raised the monetary limit for appeal in tribunal to Rs 20 lakh from Rs 10 lakh. The threshold was more than doubled in case of appeals before the high courts to Rs 50 lakh from Rs 20 lakh. For appeals before the apex court, the limit had been raised four folds to Rs 1 crore.

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