CBDT monetary limit for departmental appeals barred Tribunal filing where tax effect fell below the revised threshold.

The departmental appeal before the ITAT was held not maintainable because the tax effect fell below the revised CBDT monetary limit for filing appeals, and no stated exception applied. The enhanced threshold under the applicable circular governed departmental appeals to the Tribunal, so the appeal was dismissed as barred by the monetary limit.

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Issues: Whether the departmental appeal was maintainable in view of the revised monetary limit for filing appeals before the Income Tax Appellate Tribunal.

Analysis: The tax effect involved in the appeal was below the revised monetary limit prescribed by the CBDT for departmental appeals before the Tribunal. The applicable circular enhanced the threshold for such appeals, and the appeal did not fall within any stated exception.

Conclusion: The appeal was not maintainable and was dismissed as barred by the monetary limit.

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