https://www.taxtmi.com/caselaws?id=397730 Revenue appeals falling below the monetary limit prescribed in CBDT Circular No. 17/2019 are not maintainable, and the Tribunal treated the present appeal as covered by that low-tax-effect bar. The disputed addition had earlier been deleted by the first appellate authority on the basis that cash deposits were either a genuine gift from the assessee's husband or business receipts eligible for presumptive taxation under section 44AD, but the Tribunal did not decide those merits. As the appeal fell within the circular's threshold, it was dismissed for low tax effect. en-us Tue, 25 Aug 2020 00:00:00 +0530 Wed, 26 Aug 2020 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397730 Revenue appeals falling below the monetary limit prescribed in CBDT Circular No. 17/2019 are not maintainable, and the Tribunal treated the present appeal as covered by that low-tax-effect bar. The disputed addition had earlier been deleted by the first appellate authority on the basis that cash deposits were either a genuine gift from the assessee's husband or business receipts eligible for presumptive taxation under section 44AD, but the Tribunal did not decide those merits. As the appeal fell within the circular's threshold, it was dismissed for low tax effect. Case-Laws Income Tax Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397730