CBDT retrospectively revises appeal-filing monetary limits, sans presumption of 'concession'

Jul 11,2018

CBDT revises significantly upwards the monetary limits for filing appeals before Tribunals & Courts; Sets Rs. 20 lacs, Rs. 50 lacs & Rs. 1 cr as new limits for filing appeals before ITAT, HC & SC respectively; CBDT further advises officers that appeals should not be filed merely because monetary limit is exceeded, but should be based on merits of the case; Further clarifies that tax for the purpose of calculating the limit, shall include surcharge &...

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