CBDT raises threshold limit for filing of appeal before ITAT, High Courts and Supreme Court

CBDT raises threshold limit for filing of appeal before ITAT, High Courts and Supreme Court

July 13, 2018 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued Circular No. 03/2018 dated 11th July, 2018 to increase the threshold limit for filing of appeal before judicial authorities.

The revised monetary limit for filing of appeal before Income Tax Appellate Tribunal (ITAT) , High Courts and Supreme Courts are specified in the table below –

Sl No. Appeals/ SLPs in Income-tax matters Monetary Limit (Upto)
1 Before ITAT Rs. 20 Lakhs
2 Before High Court Rs. 50 Lakhs
3 Before Supreme Court Rs. 1 Crore

For further details please refer the attached Circular.

Source: Central Board of Direct Taxes

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