Further Enhancement of Monetary Limits for Filing of Appeals in India

On August 8, 2019, India’s Ministry of Finance (MOF) issued Circular No. 17/2019, which calls for further changes to monetary limits for the filing of appeals by the Department of Revenue in India. Circular No.17/2019 serves as an amendment to Circular No. 21/2015, which was last amended on July 11, 2018. Circular No. 21/2015 set monetary limits and other conditions for filing departmental appeals (in income-tax matters) before the Income Tax Appellate Tribunal, High Court and the Supreme Court. 

In an effort to reduce litigation, the Central Board of Direct Taxes has increased the thresholds for when the Department of Revenue can file appeals. Such new thresholds are effective immediately. Prior and updated thresholds for appeals are depicted below:

No.

Appeals/Special Leave Petitions in Income-Tax Matters

Monetary Limit (Rupees)

Prior Thresholds

New Thresholds

1

Before Income Tax Appellate Tribunal

₹20,00,000

₹50,00,000

2

Before High Court

₹50,00,000

₹1,00,00,000

3

Before Supreme Court

₹1,00,00,000

₹2,00,00,000

To access a full copy of Circular No. 17/2019 from India’s MOF click here

Read Transfer Pricing Times – August 2019

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