Raj. HC: Candidate's rejection merely because he suffered disability below the minimum degree illegal  ||  Calcutta HC Allows Bail Application of Former TMC aide Ayan Sil in Recruitment Scam Case  ||  SC Stays Contempt Proceedings in Gujarat High Court Against Judicial Officer  ||  SC Stays Contempt Proceedings in Gujarat High Court Against Judicial Officer  ||  SC Provides Interim Protection to Journalist Mamta Tripathi in UP Police FIR  ||  SC Stays Arrest of YSR Congress Party's Social Media Head for 2 weeks  ||  SC Refuses to Relax GRAP-IV Restriction in National Capital  ||  SC Rejects Plea Challenging SC/ST Reservations in Punjab's Gram Panchayat Posts  ||  SC to States/UTs: File Status Report on Suggestions for Proper Implementation of DV Act  ||  Supreme Court Issues Guidelines for Legal Aid Lawyers, Prosecutors    

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 :        

Disclaimer | Copyright 2024 - All Rights Reserved