CBDT asks for withdrawal of Income Tax Appeals in accordance with revision of monetary limits as per Circular No.3/20 18 dated 11.07.2018 issued by the Board
CBDT vide Circular No. 3/2018 dated 11.07.2018 has enhanced the monetary limits for filing SLPs/appeals before Supreme Court, High Courts and ITAT.
Now, CBDT has advised all Principal Chief Commissioner of Income Tax for withdrawal of SLPs/appeals pending before these fora which are covered by the said Circular on priority so that the Department can focus on high value litigations.
All PrCCITs have been directed to personally ensure that the exercise of withdrawing/not pressing such appeals is concluded latest by 20.08.2018.
A report stating that all such appeals have been withdrawn/not pressed has also been sought by the Board
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