New Delhi, June 23 -- New Delhi: Finance minister Nirmala Sitharaman on Monday asked the income tax department to withdraw within three months all appeals filed by it before tribunals and courts in which the tax claim falls below the new monetary threshold announced in last year's budget.

The government had in budget 2024-25 raised the threshold for filing appeals in tax disputes from Rs.50 lakh to Rs.60 lakh before the Income TaxAppellate Tribunal (ITAT), from Rs.1 crore to Rs.2 crore in the case of high courts and from Rs.2 crore to Rs.5 crore in the case of Supreme Court, according to a finance ministry said.

Since then, over 4,600 appeals have already been withdrawn and more than 3,100 cases were not pursued in view of the revised l...