The Supreme Court have in the last one month dismissed hundreds of cases in which the tax effects were less than Rs 1 crore. A bench headed by Justice AK Sikri relied upon the July circular by the Central Board of Direct Taxes (CBDT) to put an end to scores of tax cases. The CBDT circular fixed the threshold limit for filing appeal in the Supreme Court at over Rs 1 crore and stated that pending appeals or special leave petitions (SLPs) should be withdrawn "on priority" to enable the department to focus on high value litigation.
The Supreme Court have in the last one month dismissed hundreds of cases in which the tax effects were less than Rs 1 crore. A bench headed by Justice AK Sikri relied upon the July circular by the Central Board of Direct Taxes (CBDT) to put an end to scores of tax cases. The CBDT circular fixed the threshold limit for filing appeal in the Supreme Court at over Rs 1 crore and stated that pending appeals or special leave petitions (SLPs) should be withdrawn "on priority" to enable the department to focus on high value litigation.
387.jpeg)
331.jpeg)
185.jpeg)
445.jpeg)
80.jpeg)
