https://www.taxtmi.com/caselaws?id=185098 The Appellate Tribunal ITAT Indore dismissed the revenue's appeal against the deletion of an addition under sec. 154(3) due to incorrectness of books of account for AY 2005-06. The disputed addition of Rs. 3,94,732/- fell below the prescribed limit of Rs. 2 lakhs for filing an appeal, leading to the dismissal without consideration of the case's merits. The concept of tax effect was clarified, emphasizing the importance of the tax effect being below the monetary limit for appeal. The decision was based on previous Tribunal cases and was pronounced on 6.10.2009. en-us Tue, 06 Oct 2009 00:00:00 +0530 Sat, 30 Jul 2016 15:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185098 The Appellate Tribunal ITAT Indore dismissed the revenue's appeal against the deletion of an addition under sec. 154(3) due to incorrectness of books of account for AY 2005-06. The disputed addition of Rs. 3,94,732/- fell below the prescribed limit of Rs. 2 lakhs for filing an appeal, leading to the dismissal without consideration of the case's merits. The concept of tax effect was clarified, emphasizing the importance of the tax effect being below the monetary limit for appeal. The decision was based on previous Tribunal cases and was pronounced on 6.10.2009. Case-Laws Income Tax Tue, 06 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185098