Monetary-limit instruction bars low-value tax appeals, and the restriction also applies to pending matters.

The binding monetary-limit instruction governed maintainability of the tax appeals, and the earlier Division Bench view was applied to hold that appeals below the prescribed limit are not maintainable, including pending appeals. The tax appeals were therefore dismissed, and the questions of law were answered in favour of the assessee and against the Revenue.

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Issues: Whether the tax appeals were maintainable in view of the monetary limit prescribed for filing such appeals and whether that limit applied to pending appeals.

Analysis: The appeal was examined only on the question of maintainability. The Court applied the binding monetary-limit instruction and the earlier Division Bench view holding that tax appeals below the prescribed limit are not maintainable and that the instruction also governs pending appeals.

Conclusion: The tax appeals were held not maintainable and were dismissed. The questions of law were answered in favour of the assessee and against the Revenue.

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