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of <h1>CBDT Amends Circular 3/2018: Raises Income Tax Appeal Limits to Streamline Litigation Management.</h1> The Central Board of Direct Taxes has amended Circular 3 of 2018 to further enhance monetary limits for filing income tax appeals by the Department. The revised limits are set at Rs. 50,00,000 for the Income Tax Appellate Tribunal, Rs. 1,00,00,000 for High Courts, and Rs. 2,00,00,000 for the Supreme Court. The amendment also addresses the calculation of tax effects for disputed issues across multiple assessment years, ensuring appeals are filed only when the tax effect exceeds these specified limits. These changes aim to manage litigation more effectively and are effective immediately.
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