{"id":3349,"date":"2014-07-10T15:38:26","date_gmt":"2014-07-10T10:08:26","guid":{"rendered":"http:\/\/www.itatonline.org\/info\/?p=3349"},"modified":"2014-07-10T15:38:26","modified_gmt":"2014-07-10T10:08:26","slug":"cbdt-revises-monetary-limit-for-filing-appeals-to-itat-high-court-and-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/info\/cbdt-revises-monetary-limit-for-filing-appeals-to-itat-high-court-and-sc\/","title":{"rendered":"CBDT Revises Monetary Limit For Filing Appeals To ITAT, High Court And SC"},"content":{"rendered":"<p>The CBDT has issued Instruction No 5\/2014 dated 10.07.2014 whereby, with a view to reducing litigation, the monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court, have been upwardly revised. <\/p>\n<p>Henceforth appeals shall not be filed in cases where the tax effect does not exceed the monetary limits given hereunder: &#8211;<\/p>\n<table width=\"100%\" border=\"1\" cellpadding=\"5\" cellspacing=\"0\">\n<tr>\n<td width=\"295\" valign=\"top\">Appeals in Income-tax matters<\/td>\n<td width=\"295\" valign=\"top\">Monetary Limit (in Rs)<\/td>\n<\/tr>\n<tr>\n<td width=\"295\" valign=\"top\">Before Appellate Tribunal<\/td>\n<td width=\"295\" valign=\"top\">4,00,000 <\/td>\n<\/tr>\n<tr>\n<td width=\"295\" valign=\"top\">U\/s 260 A before High Court<\/td>\n<td width=\"295\" valign=\"top\">10,00,000<\/td>\n<\/tr>\n<tr>\n<td width=\"295\" valign=\"top\">Before Supreme Court<\/td>\n<td width=\"295\" valign=\"top\">25,00,000<\/td>\n<\/tr>\n<\/table>\n<p>A definition of the term \u201ctax effect\u201d is given. Certain exceptions to the Instruction have also been stated. It is also made clear that the Instruction applies only to appeals filed on or after 10.07.2014 and that appeals filed before that date will be governed by the Instructions when then governed the matter. <\/p>\n<div class=\"journal2\">\n<p><img decoding=\"async\" src=\"https:\/\/itatonline.org\/info\/wp-content\/plugins\/wp-downloadmanager\/images\/ext\/pdf.gif\" alt=\"\" title=\"\" style=\"vertical-align: middle;\" \/>&nbsp;&nbsp;<strong><a href=\"https:\/\/itatonline.org\/info\/download\/CBDT_low_Tax_Inst_5_2014.pdf\">CBDT Instruction No. 5\/2014 dt. 10.07.2014 revising monetary limits for appeals<\/a><\/strong> (49.2 KiB, 13,382 hits)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The CBDT has issued Instruction No 5\/2014 dated 10.07.2014 whereby, with a view to reducing litigation, the monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and Supreme Court, have been upwardly revised<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/info\/cbdt-revises-monetary-limit-for-filing-appeals-to-itat-high-court-and-sc\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,8,7,6],"tags":[],"class_list":["post-3349","post","type-post","status-publish","format-standard","hentry","category-all-information","category-itat-related","category-others","category-supreme-courthigh-court-related"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/3349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/comments?post=3349"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/posts\/3349\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/media?parent=3349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/categories?post=3349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/info\/wp-json\/wp\/v2\/tags?post=3349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}