Clarification of monetary limits. - Income Tax - 1613/CBDT

INSTRUCTION NO. 1613/CBDT Dated: April 9, 1985 Reference is invited to Boards Instruction No.1328 dated 5th April, 1980 by which monetary limits were laid down in respect of Departmental references and appeals before Appellate Tribunal, High court and the Supreme Court and Instruction No.1573 dated 12th July, 1984 and Instruction No.1612 dated 6th April, 1985 by which these limits have been raised. Some queries have been received from field officers in respect of these Instructions. The Board has since examined them the queries and the Board's clarification are as under: QUERY BOARD's CLARIFICATION 1.Whether the raised monetary limits 1. The raised money limits will apply at the stage of deciding of filing of reference/appeal or deciding on filing of reference they will also apply to the references appeals and not to the references- or appeals already filed but pending and appeals already filed for disposal by the Tribunal/court. but pending for disposal by the Tribunal/court. 2. Whether the monetary limits are to 2.Tax effect for the monetary be considered separately for each limit should be calculated on assessment year in an assessees case the basis of the known tax or the cumulative tax effect of the effect of the issue in the issue in the same assessee's case assessee's case in various assessment years taken assessment years. together or the cummulative tax effect of the issue in the case of all the assessees in the charge.