A recent circular (number 17/2019) issued by the Central Board of Direct Taxes (CBDT) on August 8, 2019 is in one stroke set to dramatically reduce pending direct tax litigation.
The monetary limit of “tax effect” for filing of cases by the Income-Tax Department has been revised significantly upward compared to the limits in the earlier circular no. 3 of 2018. The limit for filing appeal before the Appellate Tribunal has been increased from Rs 20 lakh to Rs 50 lakh, the limit for filing of appeal before the High Court has been increased from Rs 50 lakh to Rs 1 crore, and ...
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