https://www.taxtmi.com/caselaws?id=194510 The Tribunal dismissed the Revenue's appeals and the Assessee's Cross Objection for assessment years 2009-10, 2010-11, and 2004-05. The Tribunal found that the Revenue's appeals had a tax effect below the prescribed limit of Rs. 10,00,000 as per CBDT Circular No. 21 of 2015, which directs withdrawal of appeals in such cases. As the Cross Objection was not pressed by the Assessee during proceedings, it was also dismissed. The decision underscores the importance of adhering to monetary limits for filing appeals and the consequences of non-compliance in tax matters. en-us Thu, 28 Jan 2016 00:00:00 +0530 Mon, 11 Sep 2017 21:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194510 The Tribunal dismissed the Revenue's appeals and the Assessee's Cross Objection for assessment years 2009-10, 2010-11, and 2004-05. The Tribunal found that the Revenue's appeals had a tax effect below the prescribed limit of Rs. 10,00,000 as per CBDT Circular No. 21 of 2015, which directs withdrawal of appeals in such cases. As the Cross Objection was not pressed by the Assessee during proceedings, it was also dismissed. The decision underscores the importance of adhering to monetary limits for filing appeals and the consequences of non-compliance in tax matters. Case-Laws Income Tax Thu, 28 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194510