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Issues: Whether the Revenue's appeal was liable to be dismissed for being below the monetary limit prescribed in the Board circular in view of the NCLT order restricting recovery to Rs. 1 lakh.
Analysis: The amount recoverable from the assessee was limited by the NCLT-approved resolution, and the tax effect of the Revenue's appeal fell below the monetary threshold prescribed by the Board circular. The adjudication of the disputed issue was therefore considered unnecessary in the present case.
Conclusion: The Revenue's appeal was dismissed as falling below the monetary limit, with the issue kept open for an appropriate case.
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