CBDT doubles appeal filing limit for ITAT / HC litigation; Revision 'retrospective'

Dec 16,2015

CBDT revises monetary tax limits for Departmental appeal filing before ITATs and HCs to Rs. 10 lakhs, Rs. 20 lakhs from present Rs. 4 lakhs, 10 lakhs respectively, in supersession of its earlier Instruction No. 5/2014 dated July 10, 2014; Revises monetary limits with the objective of reducing litigation as a part of its initiatives to reduce taxpayers' grievances; Directs that revised threshold to apply retrospectively to pending appeals and that pending appeals b...

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