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of <h1>Finance Bill 2008: Section 268A Guides Income-Tax Appeal Limits, Ensures Flexibility Across Assessment Years and Assessees.</h1> Section 268A of the Income-tax Act, inserted by the Finance Bill, 2008, empowers the Board to issue directives to income-tax authorities regarding monetary limits for filing appeals or applications for reference. These directives do not prevent authorities from filing appeals on the same issue for different assessment years or different assessees. Additionally, the absence of an appeal does not imply acceptance of a decision by the authorities. Courts and tribunals must consider these directives when hearing appeals. All previous directives on monetary limits are deemed issued under this section, and the related provisions apply accordingly.
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