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of <h1>Monetary Limits for Department Appeals Clarified: Applies Separately to Each Assessment Year and Assessee.</h1> The circular clarifies the monetary limits for filing Department appeals or references before appellate authorities, as per Instruction No. 1979 dated March 27, 2000. It specifies that monetary limits apply to each assessment year for each assessee individually, as demonstrated in the case of XYZ Limited for the assessment years 1995-96 and 1996-97. Appeals should be filed for each assessment year only if the tax effect exceeds the prescribed limit. Adverse judgments should be contested only if prosecution proceedings relate to the appeal's issues. Officers are instructed to note these clarifications.
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