Home Tamil Breaking News CBDT increases monetary limit for court appeal by I-T to 10 lakhs

CBDT increases monetary limit for court appeal by I-T to 10 lakhs

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Central Board of Direct Taxes (CBDT) has issued a fresh directive asking the Income Tax Department to go into appeal at ITAT only when the “tax effect” in question is Rs 10 lakh (from earlier Rs 4 lakh) and Rs 20 lakh (from earlier Rs 10 lakh) if the appeal is to be filed in a High Court.

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