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of <h1>Ministry of Finance updates SOP for Income Tax Department's Appeals and SLPs in Supreme Court; includes revised Proforma B.</h1> The circular from the Ministry of Finance, Central Board of Direct Taxes, addresses the revised Standard Operating Procedure for filing Appeals and Special Leave Petitions (SLPs) by the Income Tax Department in the Supreme Court. It includes a revised Proforma B to Instruction No 4/2011, detailing the necessary documentation and procedural steps for submitting proposals to file SLPs. The requirements such as tax effect calculations, relevant legal documentation, and specific timelines for submission. It also emphasizes the need for clarity and completeness in the documentation for effective processing and compliance with prescribed monetary limits for filing SLPs.
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