Dear Experts,
Please refer Circular No. 17/2019 dated 8th August 2019 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 (₹) |
|
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 Assessee who already filed Income Tax Appeal filed against Income tax Department with either Income tax Applellate Tribunal or any High courts?
Thanks & Regards: Murugesan M
CAclubindia
