https://www.taxtmi.com/caselaws?id=373291 The Tribunal dismissed Revenue's appeals based on low tax effect, emphasizing adherence to CBDT's Circular on revised monetary limits for filing appeals. The Circular defines 'tax effect' and stresses merits over tax effect in appeal decisions. The Tribunal upheld the Circular's binding nature on revenue authorities, citing legal precedent. It highlighted that exceptions could warrant rectification and dismissed an assessee's cross objection for non-prosecution. The judgment underscores the importance of following CBDT's circulars to streamline litigation and provide relief to taxpayers. en-us Tue, 31 Jul 2018 00:00:00 +0530 Thu, 10 Jan 2019 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373291 The Tribunal dismissed Revenue's appeals based on low tax effect, emphasizing adherence to CBDT's Circular on revised monetary limits for filing appeals. The Circular defines 'tax effect' and stresses merits over tax effect in appeal decisions. The Tribunal upheld the Circular's binding nature on revenue authorities, citing legal precedent. It highlighted that exceptions could warrant rectification and dismissed an assessee's cross objection for non-prosecution. The judgment underscores the importance of following CBDT's circulars to streamline litigation and provide relief to taxpayers. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373291