Further enhancement of Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court: amendment to Circular 5 of 2024- Measures for reducing litigation
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Monetary limits for appeals revised; filing to be determined on merits to curb unnecessary litigation and ensure certainty. Revision of monetary thresholds governs departmental appeals in income tax matters, specifying increased monetary limits for initiating appeals and making those limits applicable to cases involving tax deduction and collection at source, while reiterating that decisions to appeal where exceptions apply must be taken on merits without regard to monetary effect.
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Provisions expressly mentioned in the judgment/order text.
Monetary limits for appeals revised; filing to be determined on merits to curb unnecessary litigation and ensure certainty.
Revision of monetary thresholds governs departmental appeals in income tax matters, specifying increased monetary limits for initiating appeals and making those limits applicable to cases involving tax deduction and collection at source, while reiterating that decisions to appeal where exceptions apply must be taken on merits without regard to monetary effect.
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