https://www.taxtmi.com/caselaws?id=385146 The appeal filed by the Revenue against the ITAT order for the assessment year 2012-13 was dismissed by the High Court due to the low tax effect falling below the threshold set by CBDT Circular No.17/2019. The court emphasized the importance of the monetary limit in pursuing appeals and kept the substantial legal questions raised open for future consideration if the tax effect exceeds the prescribed threshold. The judgment underscores the practical application of the circular in guiding decisions on legal proceedings based on financial implications. en-us Mon, 19 Aug 2019 00:00:00 +0530 Fri, 30 Aug 2019 08:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385146 The appeal filed by the Revenue against the ITAT order for the assessment year 2012-13 was dismissed by the High Court due to the low tax effect falling below the threshold set by CBDT Circular No.17/2019. The court emphasized the importance of the monetary limit in pursuing appeals and kept the substantial legal questions raised open for future consideration if the tax effect exceeds the prescribed threshold. The judgment underscores the practical application of the circular in guiding decisions on legal proceedings based on financial implications. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385146