Monetary limits for filing of appeals by I-T Dept further enhanced
09 August 2019
The Central Board of Direct taxes (CBDT) has raised the monetary limit for filing departmental appeals before various appellate fora, including ITAT, high courts and the Supreme Court in a bid to limit litigation.
CBDT noted that the substantial pendency of appeals of the Income Tax Department before various appellate fora and said it 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 11 July 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 and Supreme Court have been revised as under:
For appeal before the Income Tax Appellate Tribunal the monetary limit has been raised from Rs20 lakh to Rs50 lakh while for appeal before high courts the limit has been raised from Rs50 lakhs to Rs1 crore and for appeals before the Supreme Court the monetary limit has been raised from Rs1 crore to Rs2 crore, according to a CBDT release.
This will further reduce time, effort and resources presently deployed in litigation to focus on issues involving litigation of substantial value, it added.