CBDT monetary limit revision made low tax-effect revenue appeals and related cross objections withdrawn or academic.

CBDT Circular No. 3/2018 revised the Department's monetary limit for filing appeals before the Tribunal to Rs. 20 lakhs with retrospective effect. Where the tax effect in the Revenue's appeals was undisputedly below that limit, the Tribunal treated the appeals as withdrawn/not pressed without examining the merits. Cross objections that merely supported the CIT(A)'s order were also treated as academic and dismissed; one cross objection was separately dismissed as withdrawn. The Revenue was left at liberty to seek restoration if it could show that any appeal fell within the Circular's stated exceptions.

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Outcome: The Revenue appeals were dismissed as withdrawn/not pressed in view of the revised monetary limit under CBDT Circular No. 3/2018 dated 11.07.2018, and the connected cross objections were also dismissed.

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