India's Ministry of Finance Note Disposals of Tax Cases Considering Enhanced Appeals Thresholds

On 24 September 2024, India's Press Information Bureau published a release from the Ministry of Finance on the disposal of 573 tax cases by the Supreme Court considering the enhanced monetary limits (thresholds) introduced by the Union Budget for 2024-2025 for filing appeals related to Direct Taxes, Excise, and Service Tax. The limits for appeals to the Tax Tribunals, High Courts, and Supreme Court were increased to INR 6 million (60 lakh), INR 20 million (2 crore), and INR 50 million (5 cro…