Monetary limits for filing/ withdrawal of Wealth Tax appeals by the Department before ITAT, HCs and SLPs/appeals before SC through extending the scope of Circular 3 of 2018 -Measures for reducing litigation

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....Department of Revenue Central Board Direct Taxes Judicial Section New Delhi, 5th February 2019 Subject :- Monetary limits for filing/ withdrawal of Wealth Tax appeals by the Department before ITAT, HCs and SLPs/appeals before SC through extending the scope of Circular 3 of 2018 -Measures for reducing litigation. Reference is invited to Board's Circular No. 3 of 2018 dated 11.07.....

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....peals through extension of the Circular to Wealth tax matters in a mutatis mutandis manner and with modifications as prescribed hereunder. 3.  For the purpose of Wealth Tax appeals : A.  Para 4 of the Circular shall be read as follows : "For this purpose, 'tax effect' means the difference between the tax on Net Wealth assessed and the tax that would have been....