https://www.taxtmi.com/caselaws?id=291740 CBDT's revised monetary limits for Departmental appeals were applied to pending matters, and the Tribunal treated the Revenue's appeals as withdrawn/not pressed because the tax effect fell below the enhanced threshold and no paragraph 10 exception was shown. The Tribunal also noted that this approach was consistent with the CBDT clarification extending the revised limits to pending appeals and with the Supreme Court's reference to the enhanced limit in related proceedings. Liberty was preserved for the Revenue to seek recall and reinstitution if it can later establish that the tax effect exceeds the prescribed limit or that an exception applies. en-us Wed, 28 Aug 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291740 CBDT's revised monetary limits for Departmental appeals were applied to pending matters, and the Tribunal treated the Revenue's appeals as withdrawn/not pressed because the tax effect fell below the enhanced threshold and no paragraph 10 exception was shown. The Tribunal also noted that this approach was consistent with the CBDT clarification extending the revised limits to pending appeals and with the Supreme Court's reference to the enhanced limit in related proceedings. Liberty was preserved for the Revenue to seek recall and reinstitution if it can later establish that the tax effect exceeds the prescribed limit or that an exception applies. Case-Laws Income Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291740