https://www.taxtmi.com/caselaws?id=289090 The Tribunal dismissed the Revenue's appeal for the assessment year 2003-04 as the tax effect was below the revised monetary limit set out in Circular No. 17/2019 dated 08.08.2019. The Tribunal emphasized the binding nature of CBDT circulars on revenue authorities and held that appeals falling below the specified limits should not be pursued. The Revenue's appeal, with a tax effect of Rs. 1,02,545, was therefore dismissed, with the option to seek rectification if falling under the exception clauses of the circular. en-us Fri, 23 Aug 2019 00:00:00 +0530 Wed, 15 Jul 2020 10:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289090 The Tribunal dismissed the Revenue's appeal for the assessment year 2003-04 as the tax effect was below the revised monetary limit set out in Circular No. 17/2019 dated 08.08.2019. The Tribunal emphasized the binding nature of CBDT circulars on revenue authorities and held that appeals falling below the specified limits should not be pursued. The Revenue's appeal, with a tax effect of Rs. 1,02,545, was therefore dismissed, with the option to seek rectification if falling under the exception clauses of the circular. Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289090