https://www.taxtmi.com/caselaws?id=368532 The Tribunal dismissed the department's appeal, citing Circular No.3/2018 by the CBDT, which raised the monetary limit for filing appeals before the ITAT to Rs. 20 lakhs. The judgment emphasized adherence to the circular's guidelines, exceptions for specific cases, and the calculation of tax effect. The circular applied to pending appeals, requiring withdrawal or non-pursuance of appeals below the monetary limit. The retrospective effect of the circular influenced the decision, leading to the rejection of the department's appeal for not meeting the revised monetary limits. en-us Fri, 05 Oct 2018 00:00:00 +0530 Wed, 10 Oct 2018 09:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368532 The Tribunal dismissed the department's appeal, citing Circular No.3/2018 by the CBDT, which raised the monetary limit for filing appeals before the ITAT to Rs. 20 lakhs. The judgment emphasized adherence to the circular's guidelines, exceptions for specific cases, and the calculation of tax effect. The circular applied to pending appeals, requiring withdrawal or non-pursuance of appeals below the monetary limit. The retrospective effect of the circular influenced the decision, leading to the rejection of the department's appeal for not meeting the revised monetary limits. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368532