The CBDT revises thresholds for tax appeals to ₹60 lakh, ₹2 crore, and ₹5 crore for ITAT, high courts, and Supreme Court, respectively. This is to streamline tax dispute resolutions, while allowing some exceptions.

The Central government has so far this year collected ₹4.62 trillion in direct taxes after adjusting for refunds, marking a 20.99% growth annually, the Central Board of Direct Taxes has said, quoting provisional figures.