https://www.taxtmi.com/caselaws?id=293395 The departmental appeal was held not maintainable because the tax effect fell below the revised monetary limit for filing appeals before the ITAT. Applying the CBDT circular that increased the threshold from Rs. 20,00,000 to Rs. 50,00,000, the Tribunal found the appeal did not satisfy the monetary limit requirement. It also noted that the circular operates assessment-year-wise and that departmental proceedings may be pursued only if the case falls within the specified exceptions or if the tax effect is later found to exceed the prescribed limit. The appeal was dismissed. en-us Thu, 22 Aug 2019 00:00:00 +0530 Wed, 10 Feb 2021 09:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293395 The departmental appeal was held not maintainable because the tax effect fell below the revised monetary limit for filing appeals before the ITAT. Applying the CBDT circular that increased the threshold from Rs. 20,00,000 to Rs. 50,00,000, the Tribunal found the appeal did not satisfy the monetary limit requirement. It also noted that the circular operates assessment-year-wise and that departmental proceedings may be pursued only if the case falls within the specified exceptions or if the tax effect is later found to exceed the prescribed limit. The appeal was dismissed. Case-Laws Income Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293395