The income-tax department has said it will undertake expeditious disposal of appeal cases, and look into taxpayer concerns of adjustment of past tax demands with due refunds during the fortnight beginning May 16. Ashok Maheshwary & Associates LLP Partner Amit Maheshwari said this CBDT directive shows the resolve and the intent of the tax department to provide a non-adversarial tax regime to the tax payers. Accordingly, the threshold limit for tax department to file appeals in ITAT/CESTAT was doubled to ₹20 lakh or more, up from ₹10 lakh. For the Supreme Court, the threshold limit was hiked to ₹1 crore, from ₹25 lakh. With the increase in threshold, 34 per cent of the total cases filed by the department in Income Tax Appellate Tribunal (ITAT) has been withdrawn.

Source: Mint May 14, 2019 04:52 UTC