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of <h1>Revised Monetary Limits for Income Tax Appeals: Tribunal, High Courts, Supreme Court; Exceptions Apply from February 2011.</h1> The circular revises the monetary limits for filing departmental appeals in income tax matters to reduce litigation. Appeals should not be filed if the tax effect is below specified thresholds: Rs 3,00,000 for the Appellate Tribunal, Rs 10,00,000 for High Courts, and Rs 25,00,000 for the Supreme Court. Appeals should be based on the merits of the case, not just the tax effect. Exceptions include cases challenging constitutional validity, illegal Board orders, or accepted Revenue Audit objections. The instruction applies to appeals filed from February 9, 2011, and does not apply to certain non-quantifiable tax matters.
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