CBDT specifies cases to be contested on merits notwithstanding tax effect as per CBDT Circular No. 3/2018 increasing threshold monetary limits for Appeals
F No 279/Misc. 142/2007-ITJ (Pt)
Government of India
Ministry of Finance
Department of Revenue
Central Board Direct Taxes
New Delhi the 20th August, 2018
To,
All the Principal Chief Commissioners of Income Tax
Madam/Sir ,
Kindly refer to the above.
2. The monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court have been revised by Board’s Circular 3 of 2018 dated 11.07.2018.
3. Para 10 of the said Circular provides that adverse judgments relating to the issues enumerated in the said para should be contested on merits notwithstanding that the tax effect entailed is less than the monetary limits specified in para 3 thereof or there is no tax Para 10 of the Circular No.3 of 2018 dated 11.07.2018 is hereby amended as under:
“10. Adverse judgments relating to the following issues should be contested on merits notwithstanding that the tax effect entailed is less than the monetary limits specified in para 3 above or there is no tax effect:
(a) Where the Constitutional validity of the provisions of an Act or Rule is under challenge, or
(b) Where Board’s order, Notification, Instruction or Circular has been held to be illegal or ultra vires, or
(c) Where Revenue Audit objection in the case has been accepted by the Department , or
(d) Where addition relates to undisclosed foreign income/ undisclosed foreign assets (including financial assets}/ undisclosed foreign bank account
(e) Where addition is based on information received from external sources in the nature of law enforcement agencies such as CBII ED/ DR!/ SF/0/ Directorate General of GST Intelligence (DGGI).
(f) Cases where prosecution has been filed by the Department and is pending in the Court.“
4. The said modification shall come into effect from the date of issue of this letter.
5. The same may be brought to the knowledge of all officers working in your region.
6. This issues with the approval of the Hon’ble Finance Minister.
(Neetika Banlai)
Director (ITJ), CBDT, New Delhi.
Copy to:
Supreme Court issues directions to Committee of Creditors for safeguard interests of homebuyers in Insolvency proceedings In a recent judgment,…
Provisions of section 69C not applicable for addition made on account of disallowance of expenditure on employee salary and Wages…
High Court declines to direct ITD to investigate allegations of tax evasion as per Tax Evasion Petition due to limitation…
Condoning delay in filing audit report in Form 10B as CA of the assessee was not aware of newly introduced…
There is no bar in penalty u/s 271B for non-audit u/s 44AB if penalty u/s 271A is also levied for…
Cash book cannot be rejected when availability of stock in trade is not disputed as per stock register which is…