https://www.taxtmi.com/circulars?id=59483 The CBDT extends Circular No.3/2018 monetary limits to Wealth Tax appeals effective 5 February 2019, applying Para 3 thresholds mutatis mutandis. For Wealth Tax, tax effect is the difference between tax on assessed Net Wealth and tax if disputed wealth were excluded; interest is excluded unless interest chargeability is disputed, in which case interest is the tax effect. For penalty orders, tax effect is the quantum of penalty deleted or reduced. The monetary limits do not apply to writ matters. en-us Tue, 05 Feb 2019 00:00:00 +0530 Thu, 07 Feb 2019 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59483 The CBDT extends Circular No.3/2018 monetary limits to Wealth Tax appeals effective 5 February 2019, applying Para 3 thresholds mutatis mutandis. For Wealth Tax, tax effect is the difference between tax on assessed Net Wealth and tax if disputed wealth were excluded; interest is excluded unless interest chargeability is disputed, in which case interest is the tax effect. For penalty orders, tax effect is the quantum of penalty deleted or reduced. The monetary limits do not apply to writ matters. Circulars Income Tax Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59483