https://www.taxtmi.com/caselaws?id=271197 The Tribunal dismissed the department's appeals challenging the CIT(A)'s order as the tax effect in each appeal was below Rs. 10,00,000, falling under the monetary limit set by CBDT Circular No.21 of 2015 and Section 268A of the Income Tax Act. The appeals were withdrawn based on the circular's instructions, emphasizing that appeals should not be solely based on exceeding the monetary limit but decided on merits. The Tribunal underscored the importance of adhering to monetary limits for filing appeals and the binding nature of CBDT instructions in determining appeal validity. en-us Fri, 01 Jan 2016 00:00:00 +0530 Fri, 29 Jan 2016 01:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271197 The Tribunal dismissed the department's appeals challenging the CIT(A)'s order as the tax effect in each appeal was below Rs. 10,00,000, falling under the monetary limit set by CBDT Circular No.21 of 2015 and Section 268A of the Income Tax Act. The appeals were withdrawn based on the circular's instructions, emphasizing that appeals should not be solely based on exceeding the monetary limit but decided on merits. The Tribunal underscored the importance of adhering to monetary limits for filing appeals and the binding nature of CBDT instructions in determining appeal validity. Case-Laws Income Tax Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271197