CBDT monetary limit circular barred the Revenue's Tribunal appeal because the tax effect was below the prescribed threshold.

CBDT's monetary limit circular barred departmental appeals before the Tribunal where the tax effect was below the prescribed threshold and no exception applied. As the tax effect in the present matter fell below that limit, the Revenue's appeal was held not maintainable and dismissed. The assessee's cross-objection did not survive after dismissal of the appeal and was dismissed as not pressed.

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Issues: Whether the Revenue's appeal was maintainable in view of the CBDT monetary limit circular applicable to appeals where the tax effect was below the prescribed threshold.

Analysis: The appeal was examined against CBDT Circular No. 3/2018 dated 11.07.2018, which bars departmental appeals before the Tribunal where the tax effect is below the prescribed limit, subject to specified exceptions. The tax effect in the present case was found to be below the monetary threshold and the case did not fall within any stated exception. On that basis, the appeal was held to be not maintainable.

Conclusion: The Revenue's appeal was not maintainable and was dismissed. The assessees's cross objection did not survive after dismissal of the appeal and was also dismissed as not pressed.

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