Chhattisgarh HC Dismisses Income Tax Appeal in View of Revised ₹2 Crore Monetary Limit, Following...

The Chhattisgarh High Court has dismissed an Income Tax appeal in view of the revised ₹2 crore monetary limit following a CBDT circular. This decision aligns with the Central Board of Direct Taxes' policy to reduce litigation by setting monetary thresholds for appeals. If the tax effect in an appeal is below ₹2 crore, the department is usually instructed not to pursue the appeal further. The court's dismissal implies that the case fell below this new threshold, streamlining the appellate process and allowing higher courts to focus on cases with significant revenue implications.