https://www.taxtmi.com/caselaws?id=244487 CBDT monetary limits governed the maintainability of departmental appeals before the ITAT, and appeals with tax effect below the prescribed threshold were not to be filed. The dispute concerned a factual question on whether the assessee had interest-free loans exceeding interest-free advances, but no issue with a cascading effect in later years arose. As the tax effect in each appeal was below the then-applicable Rs. 3,00,000 limit and the Revenue's claimed exception was inapplicable on the facts, the appeals were held not maintainable and dismissed. en-us Fri, 21 Feb 2014 00:00:00 +0530 Thu, 27 Feb 2014 22:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244487 CBDT monetary limits governed the maintainability of departmental appeals before the ITAT, and appeals with tax effect below the prescribed threshold were not to be filed. The dispute concerned a factual question on whether the assessee had interest-free loans exceeding interest-free advances, but no issue with a cascading effect in later years arose. As the tax effect in each appeal was below the then-applicable Rs. 3,00,000 limit and the Revenue's claimed exception was inapplicable on the facts, the appeals were held not maintainable and dismissed. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244487