https://www.taxtmi.com/caselaws?id=243331 The ITAT Mumbai dismissed the Department's appeal against the order of ld. CIT(A) for the assessment year 2003-04, regarding an addition under section 68 of the IT Act, due to the tax effect falling below the prescribed limit of Rs.3 lakhs as per CBDT Instruction No.3 of 2011. The judgment emphasized the need to adhere to monetary limits for filing departmental appeals and highlighted the importance of evaluating each case on its merits. The appeal was dismissed based on the specific monetary limits outlined in the instruction, underscoring the significance of meeting threshold requirements for further legal proceedings. en-us Tue, 20 Aug 2013 00:00:00 +0530 Thu, 30 Jan 2014 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243331 The ITAT Mumbai dismissed the Department's appeal against the order of ld. CIT(A) for the assessment year 2003-04, regarding an addition under section 68 of the IT Act, due to the tax effect falling below the prescribed limit of Rs.3 lakhs as per CBDT Instruction No.3 of 2011. The judgment emphasized the need to adhere to monetary limits for filing departmental appeals and highlighted the importance of evaluating each case on its merits. The appeal was dismissed based on the specific monetary limits outlined in the instruction, underscoring the significance of meeting threshold requirements for further legal proceedings. Case-Laws Income Tax Tue, 20 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243331