https://www.taxtmi.com/caselaws?id=188730 The ITAT Bangalore dismissed the Revenue's appeal due to the tax effect being below the prescribed limit of Rs. 10 lakhs set by the CBDT. The Tribunal emphasized the need to calculate tax effects separately for each assessment year and clarified that appeals can only be filed for years exceeding the specified limit. An exception was made for combined orders. The judgment highlighted adherence to the circular to reduce unnecessary litigation and ensure proper assessment of tax effects, affirming the importance of complying with monetary limits for filing appeals. en-us Wed, 06 Jan 2016 00:00:00 +0530 Wed, 14 Dec 2016 16:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188730 The ITAT Bangalore dismissed the Revenue's appeal due to the tax effect being below the prescribed limit of Rs. 10 lakhs set by the CBDT. The Tribunal emphasized the need to calculate tax effects separately for each assessment year and clarified that appeals can only be filed for years exceeding the specified limit. An exception was made for combined orders. The judgment highlighted adherence to the circular to reduce unnecessary litigation and ensure proper assessment of tax effects, affirming the importance of complying with monetary limits for filing appeals. Case-Laws Income Tax Wed, 06 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188730