Is the Revised Monetary Limits applicable to Assessee's Appeals?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Experts, Please refer Circular No.17/2019 dated 8th August 2019 issued by Central Board Direct Taxes, Judicial Section to enhance Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court for reducing litigation. Appellate Forum Existing Monetary Limit (₹) Revised Monetary Limit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Before Income Tax Appellate Tribunal 20,00,000 50,00,000 Before the High Court 50,00,000 1,00,00,000 Before the Supreme Court 1,00,00,000 2,00,00,000 Kindly let us know whether the above Revised Monetary Limit applicable to all Assessee whoever already filed Appeal against Income tax Department? (or) the above limits is applicable for Department Appeals? Thanks Regards: G VENUGOPAL .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - Reply By DEV KUMAR KOTHARI - The Reply = No. This is policy decision of CBDT, applicable only for filing of appeals and withdrawal of appeals etc. revenue. For assessee, his discretion will apply and he can pursue litigation even for small sums of dispute, if he consider to indulge into litigation for any reason like impact in other years, impact in cases of associates on similar issue, pe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nalty and prosecution implications etc. - Reply By CASusheel Gupta - The Reply = The threshold limit is for the department only. Assessee can appeal for any amount. CA Susheel Gupta 9811004443/8510081001 - Is the Revised Monetary Limits applicable to Assessee's Appeals? - Query Started By: - gvenugopal g Dated:- 26-2-2020 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - K .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X