CBDT further enhances monetary limits for filing of Tax appeals

CBDT further enhances monetary limits for filing of Tax appeals

CBDT further enhances monetary limits for filing of Tax appeals Monetary limits for filing of appeals by Income Tax Department further enhan

authorPratibha GoyaldateAug 8, 2019
Last update on Aug 8, 2019

CBDT further enhances monetary limits for filing of Tax appeals

Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT

There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been continuously working towards achieving the same.

To effectively reduce taxpayer grievances/litigation and help the Department focus on litigation involving complex legal issues and high tax effect, the monetary limits for filing of appeals by the Department were last revised on 11th July, 2018 vide CBDT Circular No.3 of 2018. As a step towards further management of litigation by the Government,  the monetary limits for filing Departmental appeals before various appellate fora including ITAT, High Court & Supreme Court have been revised as under:

Appellate Forum Existing Monetary Limit (Rs.) Revised Monetary Limit (Rs.)
Before Income Tax Appellate Tribunal 20,00,000 50,00,000
Before High Court 50,00,000 1,00,00,000
Before Supreme Court 1,00,00,000 2,00,00,000

This will further reduce time, effort and resources presently deployed in litigation to focus on issues involving litigation of substantial value.

 

Click here to Download the Circular Download

Tags : CBDT further enhances monetary limits for filing of Tax appeals, Appeal filing limit increased by CBDT, monetary limits for filing of Tax appeals

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