Principal Commissioner of Income-tax-2 v. Gauya Santare
[Citation -2019-LL-1223-21]
Citation | 2019-LL-1223-21 |
---|---|
Appellant Name | Principal Commissioner of Income-tax-2 |
Respondent Name | Gauya Santare |
Court | HIGH COURT OF ORISSA |
Relevant Act | Income-tax |
Date of Order | 23/12/2019 |
Judgment | View Judgment |
Keyword Tags | monetary limit • tax effect |
Bot Summary: | 8th August 2019 Subject: Further Enhancement of Monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme Court Amendment to Circular 3 of 2018- Measures for reducing litigation. Reference is invited to the Circular No.3 of 2018 dated 11.07.2018 of Central Board of Direct Taxes and its amendment dated 20th August 2018 vide which monetary limits for filing of income tax appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before Supreme -2- Court have been specified. As a step towards further management of litigation, it has been decided by the Board that monetary limits for filing of appeals in income-tax cases be enhanced further through amendment in Para 3 of the Circular mentioned above and accordingly, the table for monetary limits specified in Para 3 of the Circular shall read as follows: S. No. Appeals/ SLPs in Income- Monetary Limit tax matters 1. Further, with a view to provide parity in filing of appeals in scenarios where separate order is passed by higher appellate authorities for each assessment year vis- a-vis where composite order for more than one assessment years is passed, para 5 of the circular is substituted by the following para: 5. If, in the case of an assessee, the disputed issues arise in more than one assessment year, appeal can be filed in respect of such assessment year or years in which the tax effect in respect of the disputed issues exceeds the monetary limit specified in para 3. No appeal shall be filed in respect of an assessment year or years in which the tax effect is less than the monetary limit specified in para 3. Further, even in the case of composite order of any High Court or appellate authority which involves more than one assessment year and common issues in more than one assessment year, no appeal shall be filed in respect of an assessment year or years in which the tax effect is less than the monetary limit specified in para 3. |