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of <h1>Income Tax Dept Revises Appeal Limits: Tribunal Rs. 2L, High Court Rs. 4L, Supreme Court Rs. 10L to Cut Litigation.</h1> The circular revises the monetary limits for filing appeals by the Income Tax Department to reduce litigation. Appeals to the Appellate Tribunal, High Court, and Supreme Court will only be filed if the tax effect exceeds Rs. 2,00,000, Rs. 4,00,000, and Rs. 10,00,000, respectively. Tax effect refers to the difference between the assessed tax and the tax on reduced income, excluding interest. Appeals will not be filed solely due to low tax effect, but adverse judgments on constitutional validity, illegal Board orders, or accepted Revenue Audit objections will be contested regardless of tax effect. These guidelines apply to appeals filed on or after May 15, 2008.
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