CBDT Hikes Monetary Limits For Filing Of Appeals By Income Tax Department

A Ministry of Finance statement noted yesterday that there is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been continuously working towards achieving the same. To effectively reduce taxpayer grievances/litigation and help the Department focus on litigation involving complex legal issues and high tax effect, the monetary limits for filing of appeals by the Department were last revised on 11th July,2018 vide CBDT Circular No.3 of 2018. As a step towards further management of litigation by the Government, the monetary limits for filing Departmental appeals before various appellate fora including ITAT, High Court & Supreme Court have been revised. The Existing Monetary Limit for appealing before Income Tax Appellate Tribunal has been raised from Rs 20 lakh to Rs 50 lakh. The limit for appealing before High Court has been hiked from Rs 50 lakh to Rs 1 crore and the limit for appealing before Supreme Court has been increased from Rs 1 crore to Rs 2 crore.

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