https://www.taxtmi.com/caselaws?id=66243 The Tribunal determined that CBDT Instruction No. 1979 established a uniform monetary limit of Rs. 1 lakh for filing appeals across all direct taxes, including Wealth-tax, without distinguishing between them. Consequently, the Tribunal dismissed the revenue's appeals due to the tax effect in each case being below the prescribed limit, aligning with precedents from the Bombay HC and ITAT, Hyderabad Benches. The decision underscored the necessity of adhering to CBDT's policy to minimize unnecessary litigation and associated costs. en-us Wed, 18 Aug 2004 00:00:00 +0530 Mon, 10 Jun 2024 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66243 The Tribunal determined that CBDT Instruction No. 1979 established a uniform monetary limit of Rs. 1 lakh for filing appeals across all direct taxes, including Wealth-tax, without distinguishing between them. Consequently, the Tribunal dismissed the revenue's appeals due to the tax effect in each case being below the prescribed limit, aligning with precedents from the Bombay HC and ITAT, Hyderabad Benches. The decision underscored the necessity of adhering to CBDT's policy to minimize unnecessary litigation and associated costs. Case-Laws Wealth-tax Wed, 18 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66243