https://www.taxtmi.com/caselaws?id=401601 The Tribunal dismissed the Revenue's miscellaneous application, holding that the appeal did not fall under the exception specified in the CBDT Circulars exempting cases involving organized tax evasion through penny stocks from monetary limits for filing appeals. The Tribunal emphasized that the subsequent circulars and special orders were not part of the record at the time of the appeal, thereby rejecting the Revenue's argument for rectification under section 254(2) of the Income Tax Act, 1961. The application was deemed not maintainable and dismissed. en-us Wed, 09 Dec 2020 00:00:00 +0530 Fri, 11 Dec 2020 15:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401601 The Tribunal dismissed the Revenue's miscellaneous application, holding that the appeal did not fall under the exception specified in the CBDT Circulars exempting cases involving organized tax evasion through penny stocks from monetary limits for filing appeals. The Tribunal emphasized that the subsequent circulars and special orders were not part of the record at the time of the appeal, thereby rejecting the Revenue's argument for rectification under section 254(2) of the Income Tax Act, 1961. The application was deemed not maintainable and dismissed. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401601