https://www.taxtmi.com/caselaws?id=253332 The CBDT's monetary limit instruction bars filing of Revenue appeals where the tax effect falls below the prescribed threshold. The Bombay High Court noted that the appeals were below the applicable limit and were therefore not entertained, with dismissal resting only on low tax effect rather than on merits. It further clarified that such dismissal does not amount to approval of the Tribunal's reasoning, order or conclusion, and does not prevent consideration of substantial questions of law in an appropriate case. en-us Fri, 14 Nov 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:13:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253332 The CBDT's monetary limit instruction bars filing of Revenue appeals where the tax effect falls below the prescribed threshold. The Bombay High Court noted that the appeals were below the applicable limit and were therefore not entertained, with dismissal resting only on low tax effect rather than on merits. It further clarified that such dismissal does not amount to approval of the Tribunal's reasoning, order or conclusion, and does not prevent consideration of substantial questions of law in an appropriate case. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253332