Taxcharcha
Income TaxLatest

Circular 9 of 2024 – Income Tax – Enhancement of monetary limits of filing appeals by the Department

extension of due date of income tax return

In the circular No. 9 of 2024, the CBDT has further enhanced the limit of filing the appeals by the Department before Income Tax Appellate Tribunal, High Court and Supreme Court respectively.

S.No.Appeals / SLPs in Income tax mattersMonetary Limit (Tax effect in Rs.)
1Before ITATRs. 60 Lakhs
2Before High CourtRs. 2 Crores
3Before Supreme CourtRs. 5 Crores

In the circular, it has been mentioned that the appeals or SLPs should not be filed just on the basis of monetary limits exceeding but the merits of the case should also be taken into consideration in order to reduce the unnecessary litigations.

To view and download the circular, click Circular No. 9 of 2024 – Income tax

Related posts

CBDT modifies Form 15H

Team Taxcharcha

Union Budget 2023 – Inclusion of timely payments to Micro and Small Enterprises in Section 43B

Team Taxcharcha

Clarifications on provisions of the Direct Tax Vivad se Vishwas Act 2020

Team Taxcharcha