https://www.taxtmi.com/caselaws?id=287918 The department's appeals against the CIT (A) order for assessment years 2014-15 & 2016-17 were dismissed as the tax effect did not exceed the revised monetary limit of Rs. 50,00,000 set by the CBDT. The Tribunal found the appeals not maintainable based on the new monetary threshold, aiming to streamline appeals and reduce litigation in income tax matters. The department was advised to file a Miscellaneous Application if the tax effect exceeded the limit or met exceptions outlined in the circular. Both appeals were consequently dismissed on 21/08/2019 for not meeting the revised monetary limit criteria. en-us Wed, 21 Aug 2019 00:00:00 +0530 Sat, 09 May 2020 00:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287918 The department's appeals against the CIT (A) order for assessment years 2014-15 & 2016-17 were dismissed as the tax effect did not exceed the revised monetary limit of Rs. 50,00,000 set by the CBDT. The Tribunal found the appeals not maintainable based on the new monetary threshold, aiming to streamline appeals and reduce litigation in income tax matters. The department was advised to file a Miscellaneous Application if the tax effect exceeded the limit or met exceptions outlined in the circular. Both appeals were consequently dismissed on 21/08/2019 for not meeting the revised monetary limit criteria. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287918