TaxTMI 
TaxTMI 
Revision of exceptions to monetary limits for filing appeals deferred under provisions of Section 158AB [Where measures are taken to avoid repetitive appeals in a situation, the identical question of law is pending before High Courts or Supreme Court.]
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....) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes, New Delhi Dated the 31^st May, 2023 Sub:- Revision of exceptions to monetary limits for filing appeals deferred under provisions of Section 158AB - reg. Ref:- 1. CBDT Letter F. No. 279/Misc.142/2007-ITJ(Pt) dated 20.08.2018 2. CBDT letter F.No.279....
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....ter dated 29.09.2022, referred to above, the following guidelines on the above subject are hereby issued: 3. At the outset it is clarified that references to collegiums constituted u/s 158AB of the Act for deciding on the deferral of appeal(s)/grounds of appeal(s) would be made having regard to the extant monetary limits read along with the exceptions to the same, as mentioned in para 1 above a....
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....B. The appeal is to be filed in the year in which the final decision on the identical question of law is received in favour of Revenue in Yf. (ii) In cases where multiple grounds are contested and where the total tax effect of all the disputed grounds (i.e., grounds to which Section 158AB is applicable and otherwise) is greater than the extant monetary limits for filing appeals at relevant judi....
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....inality is achieved in favour of Revenue in the 'other case', appeal in the 'relevant case' should be contested on merits subsequent to the decision in the 'other case' irrespective of the extant monetary limits. Further, if the judicial outcome in the 'other case' is not in favour of Revenue and is not accepted by the Department, appeal against the same may be cont....