2025 (1) TMI 1555

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....For the Appellant : Mr. Ajay Kumrani, Advocate appearing on behalf of Mr. Amit Choudhari, Advocate. For the Respondent : None. ORDER SANJAY K. AGRAWAL, J. 1. When case is taken for hearing, learned counsel appearing for the appellant would submit that the Government of India, Ministry of Finance has issued a new circular dated 17.09.2024, in which monetary limits for filing Income Tax ....

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....urther, exceptions to the monetary limits were also specified vide paras 3.1 and 3.2 of the said Circular. 2. As a step towards management of litigation, it has been decided by the Board to revise the monetary limits for filing of appeals in Incometax cases as stated in Para 4.1 of the aforementioned Circular as follows:- S. No.  Appeals/SLPs in Incometax matters Monetary Li....

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....shall keep in mind the overall objective of reducing unnecessary litigation and providing certainty to taxpayers on their Income-tax assessments while taking a decision regarding filing an appeal. 5. The modifications shall come into effect from the date of issue of this Circular. This Circular will apply to SLPs/appeals to be filed henceforth in SC/HCs/Tribunal. It shall also apply to th....