Circular No. 05/2024, issued by the Central Board of Direct ...

Income Tax

March 21, 2024

Circular No. 05/2024, issued by the Central Board of Direct Taxes (CBDT) under section 268A of the Income-tax Act, 1961, introduces measures to reduce litigation in income tax matters. It specifies monetary limits and conditions for filing departmental appeals before Income Tax Appellate Tribunals (ITATs), High Courts (HCs), and Special Leave Petitions (SLPs) or appeals before the Supreme Court (SC). - The circular emphasizes filing appeals based on merits rather than solely on tax effect and outlines exceptions where appeals should be filed regardless of monetary limits.

View Source

← Previous Next →

Circular No. 05/2024, issued by the Central Board of Direct ...

Income Tax

March 21, 2024

You may also like:

Central Board of Direct Taxes (CBDT), extends the due date of filing of returns.

Central Board of Direct Taxes (CBDT), extends the due date of filing of returns.

Notification No. 35/2024, issued by the Central Board of Direct Taxes (CBDT), specifies the 'Principal Secretary, Planning Department, Government of Uttar Pradesh' for...

Suspension of petitioner's Customs Broker License under Regulation 16 of the Customs Brokers Licensing Regulations (CBLR), 2018 - Extension of period of 90 days -...

Issues relating to export of computer software Direct tax benefits -Clarification reg. - Circular

Power of CBIC to issue circular and delegate the functions of 'Proper officer' to issue Audit Report - The High Court held that the impugned circulars are intra vires...

The Corrigendum to Notification No. 02 of 2024, issued by the Directorate of Systems under the Ministry of Finance, Government of India, addresses a clarification...

Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and...

Time limit for verification of return of income after uploading at CPC - The Notification No. 2 of 2024, issued by the CBDT, Directorate of Systems, Bengaluru, addresses...

The Ministry of Finance, Department of Revenue, issued Notification No. 05/2024-Customs (ADD) on March 14, 2024, concerning the review of anti-dumping duty on imports of...

Addition of notional interest – accrual of interest - uncertainties exist - The relevant circulars of the Central Board of Direct Taxes cannot be ignored - interest can...

Online issue of Central Declaration Forms. - Circular

Online issue of Central Declaration Forms - Circular

Scope of clarification / circular issued by the board (CBIC) - Section 168(1) makes it clear that, only for the purpose of uniformity in the implementation of the Act,...

Proper Officer - territorial Jurisdiction - Power to appoint 'proper officer' is with the Government u/s 3(2) read with section 5 - By way of circular, and notification...

Quick Updates: