TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Revises Monetary Limits for Income Tax Appeals: Rs. 60L for ITAT, Rs. 2C for High Courts, Rs. 5C for Supreme Court.</h1> The Central Board of Direct Taxes has revised the monetary limits for filing income tax appeals to reduce litigation. The new limits are Rs. 60 lakh for the Income Tax Appellate Tribunal, Rs. 2 crore for High Courts, and Rs. 5 crore for the Supreme Court. These limits apply to all cases, including TDS/TCS, with exceptions where decisions are based on merits regardless of tax effect. Appeals should not be filed solely based on exceeding these limits; decisions should focus on reducing unnecessary litigation. The changes are effective immediately and apply to pending and future cases.
TaxTMI 
TaxTMI 
