https://www.taxtmi.com/caselaws?id=218499 The appeal under Section 260-A of the Income Tax Act against the order of the Income Tax Appellate Tribunal was dismissed by the Tribunal. The case centered on the creditworthiness and identity of cash creditors. The Tribunal cited a circular setting monetary limits for appeals, stating that the Revenue could not appeal as the tax effect was below two lakh rupees. Emphasizing the circular's binding nature, the judgment highlighted that the appeal did not meet the threshold for significance or recurring impact, leading to its dismissal. en-us Thu, 01 Nov 2012 00:00:00 +0530 Fri, 16 Nov 2012 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218499 The appeal under Section 260-A of the Income Tax Act against the order of the Income Tax Appellate Tribunal was dismissed by the Tribunal. The case centered on the creditworthiness and identity of cash creditors. The Tribunal cited a circular setting monetary limits for appeals, stating that the Revenue could not appeal as the tax effect was below two lakh rupees. Emphasizing the circular's binding nature, the judgment highlighted that the appeal did not meet the threshold for significance or recurring impact, leading to its dismissal. Case-Laws Income Tax Thu, 01 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218499