Is the Revised Monetary Limits applicable to Assessee's Appeals?

[gvenugopal g]

Dear Experts,

Please refer Circular No.17/2019 dated 8th August 2019 issued by Central Board Direct Taxes, Judicial Section to enhance Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court for reducing litigation.

Appellate Forum Existing Monetary Limit (₹)Revised Monetary Limit

Before Income Tax Appellate Tribunal 20,00,000 50,00,000

Before the High Court 50,00,000 1,00,00,000

Before the Supreme Court 1,00,00,000 2,00,00,000

Kindly let us know whether the above Revised Monetary Limit applicable to all Assessee whoever already filed Appeal against Income tax Department? (or) the above limits is applicable for Department Appeals?

Thanks & Regards: G VENUGOPAL

AI Summary

Revised CBDT Monetary Limits Apply Only to Department Appeals, Assessees Can Still Appeal Regardless of Amount Involved. A discussion on whether the revised monetary limits set by the Central Board of Direct Taxes (CBDT) apply to appeals filed by assessees. The revised limits, introduced to reduce litigation, apply to the Department's appeals before various judicial bodies. Two respondents clarified that these limits are applicable only to the Department's appeals. Assessees retain the discretion to pursue litigation regardless of the amount involved, based on individual considerations such as potential impacts on other cases or years, penalties, and prosecution implications.