https://www.taxtmi.com/caselaws?id=293392 The ITAT Surat dismissed the Revenue's appeal for the assessment year 2010-11 due to undervaluation of stock, as the tax effect fell below the threshold specified in the CBDT Circular of 2018. The Tribunal upheld the Circular's restriction on appeals based on tax effect and allowed the Department the chance to request a recall if the tax effect increased or fell within exceptions outlined in the Circular. en-us Thu, 15 Nov 2018 00:00:00 +0530 Wed, 10 Feb 2021 09:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293392 The ITAT Surat dismissed the Revenue's appeal for the assessment year 2010-11 due to undervaluation of stock, as the tax effect fell below the threshold specified in the CBDT Circular of 2018. The Tribunal upheld the Circular's restriction on appeals based on tax effect and allowed the Department the chance to request a recall if the tax effect increased or fell within exceptions outlined in the Circular. Case-Laws Income Tax Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293392