SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants || SC: Doctors Were Unwavering Heroes in COVID-19, and Their Sacrifice Remains Indelible || SC Sets Up Secondary Medical Board to Assess Passive Euthanasia Plea of Man in Vegetative State || NCLAT: Amounts Listed As ‘Other Advances’ in Company’s Balance Sheet aren’t Financial Debt under IBC || NCLT Ahmedabad: Objections to Coc Cannot Bar RP From Challenging Preferential Transactions || J&K&L HC: Courts Should Exercise Caution When Granting Interim Relief in Public Infrastructure Cases || Bombay HC: SARFAESI Sale Invalid if Sale Certificate is Not Issued Prior to IBC Moratorium || Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases || SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension || SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace

CBDT Initiatives for reducing tax litigation- (Ministry of Finance ) (15 Dec 2015)

MANU/PIBU/1803/2015

Direct Taxation

The Central Board of Direct Taxes released a Circular revising monetary limits for filing of appeals by the Department with the objective of reducing litigation. The monetary limits for filing of appeals by the Department before the Income Tax Appellate Tribunal and the High Courts have been revised to tax effect of Rs. 10 lakhs and Rs. 20 lakhs, respectively, from the present limits of tax effect of Rs. 4 lakhs and Rs. 10 lakhs. The revised limits have been made applicable retrospectively to pending appeals.

Relevant : Circular revising monetary limits MANU/DTCR/0035/2015 CBDT significant decisions MANU/PIBU/1805/2015

Tags : CBDT TAX APPEAL REVISED LIMITS

Share :