https://www.taxtmi.com/caselaws?id=395170 The Tribunal upheld the dismissal of the Revenue's appeal due to the low tax effect falling below the monetary limit set by the CBDT Circular No. 17/2019. The Tribunal found that the subsequent circulars and office memorandums regarding organized tax evasion through bogus LTCG did not apply retroactively to appeals filed before their issuance. Therefore, the appeal was rightly dismissed, and there was no rectifiable mistake under Section 254(2) of the Act. en-us Fri, 20 Mar 2020 00:00:00 +0530 Sat, 09 May 2020 10:52:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395170 The Tribunal upheld the dismissal of the Revenue's appeal due to the low tax effect falling below the monetary limit set by the CBDT Circular No. 17/2019. The Tribunal found that the subsequent circulars and office memorandums regarding organized tax evasion through bogus LTCG did not apply retroactively to appeals filed before their issuance. Therefore, the appeal was rightly dismissed, and there was no rectifiable mistake under Section 254(2) of the Act. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395170