https://www.taxtmi.com/caselaws?id=382434 The Court dismissed the Tax Case Appeals filed by the Revenue against the common order of the Income Tax Appellate Tribunal for Assessment years 2004-05 and 2003-04. The Appeals were rejected due to the tax effect falling below the threshold limit set by Circular No.3 of 2018 issued by the Central Board of Direct Taxes, which was Rs.50,00,000. The Court held that the low tax effect prevented the Revenue from pursuing the Appeals, leaving the Substantial Questions of Law open for consideration. The Revenue was granted the option to request restoration of the appeals if the tax effect exceeded the threshold limit in the future. en-us Fri, 07 Jun 2019 00:00:00 +0530 Wed, 03 Jul 2019 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382434 The Court dismissed the Tax Case Appeals filed by the Revenue against the common order of the Income Tax Appellate Tribunal for Assessment years 2004-05 and 2003-04. The Appeals were rejected due to the tax effect falling below the threshold limit set by Circular No.3 of 2018 issued by the Central Board of Direct Taxes, which was Rs.50,00,000. The Court held that the low tax effect prevented the Revenue from pursuing the Appeals, leaving the Substantial Questions of Law open for consideration. The Revenue was granted the option to request restoration of the appeals if the tax effect exceeded the threshold limit in the future. Case-Laws Income Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382434