https://www.taxtmi.com/caselaws?id=346870 The Bombay HC set aside the Tribunal's dismissal of the departmental appeal based on low tax effect and remanded the matter for fresh consideration. The Court noted that the Revenue's objection on tax effect and audit objection had not been examined, and it did not decide the merits of the controversy. The Tribunal was directed to reconsider maintainability afresh, including the assessee's reliance on the CBDT monetary-limit circular and the Revenue's objection to the appeal's admissibility. The question of whether the appeal was maintainable was therefore left open for determination by the Tribunal. en-us Thu, 29 Jun 2017 00:00:00 +0530 Thu, 24 Aug 2017 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346870 The Bombay HC set aside the Tribunal's dismissal of the departmental appeal based on low tax effect and remanded the matter for fresh consideration. The Court noted that the Revenue's objection on tax effect and audit objection had not been examined, and it did not decide the merits of the controversy. The Tribunal was directed to reconsider maintainability afresh, including the assessee's reliance on the CBDT monetary-limit circular and the Revenue's objection to the appeal's admissibility. The question of whether the appeal was maintainable was therefore left open for determination by the Tribunal. Case-Laws Income Tax Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346870