https://www.taxtmi.com/caselaws?id=399805 The High Court dismissed the Revenue's appeal under Section 260A of the Income Tax Act, upholding the Tribunal's decision to dismiss the appeal due to the tax effect falling below the prescribed limit of Rs. 10,00,000 as per CBDT Circular No.21/2015. The Court rejected the Revenue's arguments regarding audit objections and the request to remit the case back to the Tribunal, emphasizing the importance of complying with the CBDT Circular and withdrawing appeals when the tax effect is below the specified limit, regardless of audit objections. en-us Mon, 14 Sep 2020 00:00:00 +0530 Mon, 19 Oct 2020 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399805 The High Court dismissed the Revenue's appeal under Section 260A of the Income Tax Act, upholding the Tribunal's decision to dismiss the appeal due to the tax effect falling below the prescribed limit of Rs. 10,00,000 as per CBDT Circular No.21/2015. The Court rejected the Revenue's arguments regarding audit objections and the request to remit the case back to the Tribunal, emphasizing the importance of complying with the CBDT Circular and withdrawing appeals when the tax effect is below the specified limit, regardless of audit objections. Case-Laws Income Tax Mon, 14 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399805