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CBDT raises monetary threshold limit for I-T dept for filing appeals

The Board has not provided information on reduction of cases due to higher threshold. After last year’s increase, the CBDT has said that the I-T Department would withdraw 34 per cent of cases stuck in tribunal, 48 per cent of those stuck in high courts and 54 per cent in the Supreme Court.

Central Board of Direct Taxes, CBDT, Direct Taxes, Income-Tax Department, Indian express The threshold now stands at Rs 50 lakh for appeals before the appellate tribunal in income-tax matter.

Just a year after the Central Board of Direct Taxes (CBDT) raised the threshold monetary limit for the Income-Tax Department for filing appeals in higher judicial forums, the Board on Thursday raised the limit again “as a step towards further management of litigation”.

The threshold now stands at Rs 50 lakh for appeals before the appellate tribunal in income-tax matter. Similarly, the threshold has been raised to Rs 1 crore for high court and Rs 2 crore for Supreme Court. Last year, the CBDT had raised the monetary limit for appeal in tribunal to Rs 20 lakh from Rs 10 lakh earlier. The threshold was more than doubled in case of appeal before high courts to Rs 50 lakh from Rs 20 lakh earlier. For appeal before the apex court, the limit had been raised four-fold to Rs 1 crore.

The Board has not provided information on reduction of cases due to higher threshold. After last year’s increase, the CBDT has said that the I-T Department would withdraw 34 per cent of cases stuck in tribunal, 48 per cent of those stuck in high courts and 54 per cent in the Supreme Court.

The department has struggled to attain any significant progress in concluding disputes to recover tax demands. According to budget documents, over Rs 6 lakh crore was stuck in litigation at the end of FY18. The recent CAG report said: “The arrears of demand increased from Rs 10.4 lakh crore in FY 2016-17 to Rs 11.1 lakh crore in FY 2017-18. The Department indicated that more than 98.2 per cent of uncollected demand would be difficult to recover. Further, according to PTI, CBDT also released FAQs on filling I-T returns with regard to reporting of directorship in a foreign firm and shares held outside India. —FE & PTI

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First published on: 09-08-2019 at 02:29:18 am
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