Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: empanelment :: list of goods taxed at 4% :: TDS :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India
 
 
Direct Tax »
 CBDT signs 10 more unilateral APAs with taxpayers
 How merging PF accounts helps avoid tax on withdrawals
 Income tax officers should not threaten taxpayers: CBDT
 Non-payment of TDS by mumbai companies: Showcause notices to over 300 firms
 In some instances, filing of income tax return may not be mandatory
 Best 5 Income Tax-Saving SIP plans in India: How To save taxes by Investing in SIPs under 80C
 Tax refund checks are finally in the mail
 Income Tax dues in advance can be paid at RBI or at authorised bank branches by March 2017
 Why you must be looking beyond tax planning
 I-T dept. to lauch app for paying tax
 CBDT to taxman: Step up TDS survey operations to boost collections

File appeal in court based on merit of case: CBDT to Income-Tax department
July, 12th 2014

In order to reduce litigation and fine-tune the legal machinery in the Income Tax department, the CBDT today issued fresh directions asking the taxman to go into appeal strictly based on merits of a case even as it fixed a new monetary limit for these cases.

Under the new instructions, the I-T department will file an appeal before a tax tribunal or appellate body only when the tax effect exceeds an amount of Rs 4 lakh, in a High Court if the demand exceeds Rs 10 lakh and in the Supreme Court when the tax demand is above Rs 25 lakh.

The Central Board of Direct Taxes, in the latest communication, however, made it clear to all the Chief Commissioners of I-T that "an appeal should not be filed merely because the tax effect in a case exceeds the monetary limits prescribed and filing of appeal in such cases is to be decided on merits of the case."

The CBDT said the new set of guidelines have been issued as there have been "several instances wherein department has had to face criticism/flak/stricture for filing appeal without due application of mind."

A senior CBDT official said it also was meant to "reduce litigation" in the department as backlog of cases "runs into thousands".

The "tax effect", the CBDT said, would mean "the difference between the tax on the total income assessed and the tax that would have been chargeable had such total income been reduced by the amount of income in respect of the issues against which appeal is intended to be filed."

The CBDT also specified that these new instructions would not apply in three instances.

"Where the Constitutional validity of the provisions of an Act or Rule are under challenge or where Board's order, notification, instruction or circular has been held to be illegal or ultra vires or where revenue audit objection in the case has been accepted by the department."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions