https://www.taxtmi.com/caselaws?id=293762 The department's appeal before the ITAT Jaipur was dismissed as the tax effect did not exceed the revised monetary limit of Rs. 50,00,000 set by the CBDT. The judgment emphasized adherence to the new monetary limits to streamline the appeal process and reduce litigation. The department was given the option to file a Miscellaneous Application if the tax effect exceeded the limit or met exceptions outlined in the circular. Failure to meet the monetary limit criteria resulted in the dismissal of the appeal, underscoring the importance of strict compliance with the revised monetary limits for efficient tax litigation management. en-us Thu, 22 Aug 2019 00:00:00 +0530 Tue, 02 Mar 2021 00:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293762 The department's appeal before the ITAT Jaipur was dismissed as the tax effect did not exceed the revised monetary limit of Rs. 50,00,000 set by the CBDT. The judgment emphasized adherence to the new monetary limits to streamline the appeal process and reduce litigation. The department was given the option to file a Miscellaneous Application if the tax effect exceeded the limit or met exceptions outlined in the circular. Failure to meet the monetary limit criteria resulted in the dismissal of the appeal, underscoring the importance of strict compliance with the revised monetary limits for efficient tax litigation management. Case-Laws Income Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293762