Retrospective tax effect monetary limits under CBDT circular justify not pressing pending Revenue appeals below threshold.

CBDT Circular No. 21 of 2015 was applied retrospectively to pending Revenue appeals, and the Court treated appeals with tax effect below the High Court monetary threshold as not fit for pressing. As the appeal memos showed tax effect below the prescribed limit for each assessment year, Revenue counsel expressly did not press the matters. The Court accordingly disposed of the appeals as not pressed, reflecting the circular's policy of withdrawal or non-pressing of pending appeals below the specified limit.

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Outcome: Revenue appeals were dismissed as not pressed in view of the monetary limit prescribed in the Central Board of Direct Taxes circular.

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