https://www.taxtmi.com/caselaws?id=370242 The tribunal dismissed the department's appeal before the ITAT based on Circular No.3/2018, which increased the monetary limit for filing appeals to Rs. 20 lakhs. The tribunal emphasized that the decision to appeal should consider the merits of the case, defined the "tax effect," and applied the circular retrospectively to pending appeals. As the tax effect did not exceed the revised limit, the Revenue's appeal was deemed not maintainable, highlighting compliance with the monetary limits for filing appeals before the ITAT. en-us Mon, 01 Oct 2018 00:00:00 +0530 Wed, 14 Nov 2018 07:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370242 The tribunal dismissed the department's appeal before the ITAT based on Circular No.3/2018, which increased the monetary limit for filing appeals to Rs. 20 lakhs. The tribunal emphasized that the decision to appeal should consider the merits of the case, defined the "tax effect," and applied the circular retrospectively to pending appeals. As the tax effect did not exceed the revised limit, the Revenue's appeal was deemed not maintainable, highlighting compliance with the monetary limits for filing appeals before the ITAT. Case-Laws Income Tax Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370242