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India's tax departments have withdrawn thousands of appeals after increasing monetary limits for filing cases before tribunals and courts. Read more about the changes and the appeals withdrawn.

The Supreme Court disposed of 573 direct tax cases post-revision in monetary limits for filing appeals, as per the finance ministry. This move is expected to reduce tax litigation and promote ease...

India's income tax department has increased the minimum threshold for filing appeals in tribunals, high courts, and the Supreme Court, aiming to reduce unnecessary litigation and expedite tax...

LIC expects to receive a Rs 25,464 crore income tax refund in Q4, boosting its bottom line. The refund is related to interim bonuses to policyholders. LIC also reported a 49% jump in net profit for...

Life Insurance Corporation of India (LIC) has received a Rs 25,464 crore income tax refund related to interim bonus payments to policyholders over the past seven years.