https://www.taxtmi.com/caselaws?id=363642 Revenue's appeal was held not maintainable because the tax effect was below the monetary limit prescribed in the CBDT circular governing departmental appeals. The Tribunal noted that the circular bars filing of appeals where the tax effect does not exceed the specified threshold unless an exception applies, and no exception was shown to exist. The Department also did not controvert the assessee's computation of tax effect. On that basis, the appeal was dismissed as barred by the low tax effect limit. en-us Thu, 12 Jul 2018 00:00:00 +0530 Sat, 14 Jul 2018 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363642 Revenue's appeal was held not maintainable because the tax effect was below the monetary limit prescribed in the CBDT circular governing departmental appeals. The Tribunal noted that the circular bars filing of appeals where the tax effect does not exceed the specified threshold unless an exception applies, and no exception was shown to exist. The Department also did not controvert the assessee's computation of tax effect. On that basis, the appeal was dismissed as barred by the low tax effect limit. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363642