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Is the Revised Monetary Limits applicable to Assessee s Appeals? - Income TaxExtract 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
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