https://www.taxtmi.com/caselaws?id=255808 The Tribunal dismissed the Revenue's appeal, citing the CBDT Instruction No. 5/2014 monetary limits. The appeal did not meet the prescribed threshold of Rs. 4 lakhs, as required for filing appeals before the ITAT. The Tribunal applied the instructions retrospectively to pending appeals, following the precedent set by various High Courts. The decision was based on the objective of reducing litigation burden in cases with minimal tax effects. The appeal was dismissed without consideration of its merits, in line with the CBDT Instruction, and the order was pronounced on 13th January 2015. en-us Tue, 13 Jan 2015 00:00:00 +0530 Wed, 28 Jan 2015 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255808 The Tribunal dismissed the Revenue's appeal, citing the CBDT Instruction No. 5/2014 monetary limits. The appeal did not meet the prescribed threshold of Rs. 4 lakhs, as required for filing appeals before the ITAT. The Tribunal applied the instructions retrospectively to pending appeals, following the precedent set by various High Courts. The decision was based on the objective of reducing litigation burden in cases with minimal tax effects. The appeal was dismissed without consideration of its merits, in line with the CBDT Instruction, and the order was pronounced on 13th January 2015. Case-Laws Income Tax Tue, 13 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255808