https://www.taxtmi.com/caselaws?id=377946 The Appellate Tribunal ITAT Pune dismissed the Revenue's appeals in a batch of four appeals related to wealth tax matters for the assessment years 2008-09 and 2009-10. The Tribunal relied on Circular No. 5/2019 and CBDT Circular No. 3/2018, which specified monetary limits for filing appeals, including wealth tax appeals. As the tax effect in the appeals was below the specified limit, the Revenue's appeals were dismissed without considering the merits of the additions made. Consequently, the Cross Objections by the assessee were also dismissed as infructuous. The decision highlighted the importance of tax effect in determining the outcome of appeals in wealth tax cases. en-us Thu, 04 Apr 2019 00:00:00 +0530 Sat, 06 Apr 2019 06:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377946 The Appellate Tribunal ITAT Pune dismissed the Revenue's appeals in a batch of four appeals related to wealth tax matters for the assessment years 2008-09 and 2009-10. The Tribunal relied on Circular No. 5/2019 and CBDT Circular No. 3/2018, which specified monetary limits for filing appeals, including wealth tax appeals. As the tax effect in the appeals was below the specified limit, the Revenue's appeals were dismissed without considering the merits of the additions made. Consequently, the Cross Objections by the assessee were also dismissed as infructuous. The decision highlighted the importance of tax effect in determining the outcome of appeals in wealth tax cases. Case-Laws Wealth-tax Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377946