https://www.taxtmi.com/caselaws?id=380226 The Revenue's appeal challenging an order by the Income Tax Appellate Tribunal on exemption under Section 11 of the Income Tax Act for income from a Kalyana Mandapam was dismissed by the High Court as not pressed due to the tax effect being below the prescribed limit of Rs. 50 lakhs. The appeal was dismissed on procedural grounds, emphasizing the need to adhere to monetary limits set by regulatory authorities and comply with Circular instructions issued by the Central Board of Direct Taxes for efficient adjudication of tax matters within specified thresholds. en-us Fri, 05 Apr 2019 00:00:00 +0530 Thu, 16 May 2019 08:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380226 The Revenue's appeal challenging an order by the Income Tax Appellate Tribunal on exemption under Section 11 of the Income Tax Act for income from a Kalyana Mandapam was dismissed by the High Court as not pressed due to the tax effect being below the prescribed limit of Rs. 50 lakhs. The appeal was dismissed on procedural grounds, emphasizing the need to adhere to monetary limits set by regulatory authorities and comply with Circular instructions issued by the Central Board of Direct Taxes for efficient adjudication of tax matters within specified thresholds. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380226