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Issues: Whether the Revenue's appeal was maintainable in view of the CBDT monetary limit circular and section 268A of the Income-tax Act, 1961.
Analysis: The tax effect involved in the appeal was below the prescribed monetary limit. The circular prescribing the threshold was treated as having statutory force under section 268A of the Income-tax Act, 1961. Since the appeal was filed in breach of that limit, it could not be entertained on merits.
Conclusion: The appeal was held to be not maintainable and was dismissed.
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