https://www.taxtmi.com/caselaws?id=258711 The appeal by Revenue and Cross Objection by Assessee were dismissed as non-maintainable due to the quantum of penalty being below the prescribed monetary limits for filing appeals before ITAT. The Court applied the relevant circular issued by CBDT and emphasized the objective of reducing pending litigation where the tax effect is small. Consequently, both the appeal of Revenue and Cross Objection of Assessee were dismissed. en-us Fri, 30 Jan 2015 00:00:00 +0530 Sat, 18 Apr 2015 06:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258711 The appeal by Revenue and Cross Objection by Assessee were dismissed as non-maintainable due to the quantum of penalty being below the prescribed monetary limits for filing appeals before ITAT. The Court applied the relevant circular issued by CBDT and emphasized the objective of reducing pending litigation where the tax effect is small. Consequently, both the appeal of Revenue and Cross Objection of Assessee were dismissed. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258711