Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Is the Revised Monetary Limits applicable to Assessee's Appeals?, Income Tax

Issue Id: - 116072
Dated: 26-2-2020
By:- gvenugopal g
Is the Revised Monetary Limits applicable to Assessee's Appeals?

  • Contents

Dear Experts,

Please refer Circular No.17/2019 dated 8th August 2019 issued by Central Board Direct Taxes, Judicial Section to enhance Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court for reducing litigation.

Appellate Forum Existing Monetary Limit (₹) Revised Monetary Limit

Before Income Tax Appellate Tribunal 20,00,000 50,00,000

Before the High Court 50,00,000 1,00,00,000

Before the Supreme Court 1,00,00,000 2,00,00,000

Kindly let us know whether the above Revised Monetary Limit applicable to all Assessee whoever already filed Appeal against Income tax Department? (or) the above limits is applicable for Department Appeals?

Thanks & Regards: G VENUGOPAL

Post Reply

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 27-2-2020
By:- DEV KUMAR KOTHARI

No. This is policy decision of CBDT, applicable only for filing of appeals and withdrawal of appeals etc. revenue.

For assessee, his discretion will apply and he can pursue litigation even for small sums of dispute, if he consider to indulge into litigation for any reason like impact in other years, impact in cases of associates on similar issue, penalty and prosecution implications etc.


2 Dated: 28-2-2020
By:- CASusheel Gupta

The threshold limit is for the department only.

Assessee can appeal for any amount.

CA Susheel Gupta

9811004443/8510081001


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||