Home Circulars & Notifications CBDT May Direct Filing Appeals In Exception To Monetary Limits In Organized...

CBDT May Direct Filing Appeals In Exception To Monetary Limits In Organized Tax Evasion

139
CBDT May Direct Filing Appeals In Exception To Monetary Limits In Organized Tax Evasion
Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  

The CBDT directed the income tax authorities on Friday to pursue the cases of “organised tax evasion” through long-term capital gains (LTCG) or short-term capital loss (STCL) in courts as it set aside the condition of sticking to the established monetary limits for filing appeals.

The Income Tax (IT) department had informed the CBDT that it was “unable” to pursue these cases in the higher judicial forums on account of the recently-enhanced monetary limits.

800

LEAVE A REPLY

Please enter your comment!
Please enter your name here