SC: Casual Workers Can't be Denied Regularisation if Similar Daily Wagers were Regularised || Supreme Court: Illegal Change of Land Use under Punjab Act Cannot be Legalised Later || Allahabad High Court: Magistrate Must Consider Closure Report Even After Taking Cognizance || Allahabad HC: CGST Arrest Memo Must Include Grounds as Annexure; Reasons to Believe Not Needed || Kerala HC: Petitioner’s Identity Must be Verified Via SHO in Cases of Bank Account Defreezing || J&K&L HC: Undenied Pleadings are Deemed Admitted by Implication under the CPC || Kerala HC: Transfer Order Pending Disciplinary Proceedings Cannot be Disguised as Punishment || Allahabad HC: GST, Incentives, 0r Festival Advances Cannot be Deducted From Employee’s Retiral Dues || SC: Absconding Accused Cannot Claim Anticipatory Bail Solely Because a Co-Accused Was Acquitted || Supreme Court: District Cricket Bodies Must Adopt Good Governance Voluntarily, Not Follow BCCI Rules

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 :