Monetary limit for filing appeal. - Income Tax - Instruction No. 06/2003

F. No. 279/Misc 18/2003 ITJ INSTRUCTION NO. 6/2003 Dated: July 7, 2003 Subject: Clarification as regards the monetary limit for filing appeal before SC/HC/ITAT- reducing litigartion-regarding Reference is invited to Boards Instruction no 1979 Dt 27th March 2000, Instruction No: 1985 dt 29th June 2000 as also to earlier instructions issued to reduce litigation by tixing monetary limit for filing departmental appeals before SC/HC/ITAT. In order to avoid ambiguity and to adopt uniformity in approach while filing appeals by the field formations, it is hereby clarified by the Board that the word "monetary limit" and "tax effect" in the aforesaid instructions be read as "revenue effect" which denotes the amount of tax, interest, penalty, fine or any other sum involved. This instruction is clarificatory in nature and will apply to litigation under other Direct Taxes also e.g. Wealth tax, Gift Tax, Estate duty etc. - sd - (Yagyasaini Kakkar) Deputy Secretary to the Government of India