Revised limit for filing appeals over direct tax disputes to be applicable to pending cases as well
New Delhi, Aug 22 (KNN) The Central Board of Direct Taxes (CBDT) has clarified that the revised higher threshold for filing appeals over the withdrawal of direct tax-related litigation would be applicable to all pending cases as well.
The Board on Wednesday directed the income tax department to withdraw all such pending cases where claim amounts fall below the revised limit from different appellant forums by October 31.
Last year, the CBDT had raised the monetary limit of claims for the income tax department to file appeals in higher judicial forums. It had again raised the threshold ‘as a step towards further management of litigation’ on August 8, 2019.
The threshold now stands at Rs 50 lakh for appeals before the appellate tribunal in income tax matters. Similarly, it has been raised to Rs 1 crore for appeals before the high courts and Rs 2 crore for the Supreme Court.
Last year, the board had raised the monetary limit for appeal in tribunal to Rs 20 lakh from Rs 10 lakh. The threshold was more than doubled in case of appeals before the high courts to Rs 50 lakh from Rs 20 lakh. For appeals before the apex court, the limit had been raised four folds to Rs 1 crore. (KNN Bureau)