https://www.taxtmi.com/caselaws?id=240258 The Court dismissed the appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal. The Tribunal's rejection of the appeal based on the monetary limit prescribed by the CBDT was upheld, as the tax effect in the case was below the prescribed limit of two lakh rupees. The Court found the circular issued by the CBDT regarding monetary limits for filing appeals to be binding, and since the appeal did not meet the prescribed limit, it was deemed not maintainable. Consequently, the Court upheld the Tribunal's decision and dismissed the Revenue's appeal. en-us Wed, 31 Oct 2012 00:00:00 +0530 Fri, 29 Nov 2013 06:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240258 The Court dismissed the appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal. The Tribunal's rejection of the appeal based on the monetary limit prescribed by the CBDT was upheld, as the tax effect in the case was below the prescribed limit of two lakh rupees. The Court found the circular issued by the CBDT regarding monetary limits for filing appeals to be binding, and since the appeal did not meet the prescribed limit, it was deemed not maintainable. Consequently, the Court upheld the Tribunal's decision and dismissed the Revenue's appeal. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240258