https://www.taxtmi.com/caselaws?id=294055 The Tribunal dismissed 342 appeals by the Revenue and 7 cross objections by the assessees as the tax effect in each appeal was less than Rs. 50.00 lakh, falling below the revised monetary limits set by Circular No.17/2019. Citing a precedent, the judgment held that the circular had a retrospective effect, applying to all pending appeals. The Tribunal upheld the directive to withdraw appeals by competent authorities by a specified date. Exceptions were noted for appeals exceeding Rs. 50.00 lakh. Consequently, all appeals and cross objections were dismissed, with the order issued on 29th August 2019. en-us Thu, 29 Aug 2019 00:00:00 +0530 Thu, 18 Mar 2021 09:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294055 The Tribunal dismissed 342 appeals by the Revenue and 7 cross objections by the assessees as the tax effect in each appeal was less than Rs. 50.00 lakh, falling below the revised monetary limits set by Circular No.17/2019. Citing a precedent, the judgment held that the circular had a retrospective effect, applying to all pending appeals. The Tribunal upheld the directive to withdraw appeals by competent authorities by a specified date. Exceptions were noted for appeals exceeding Rs. 50.00 lakh. Consequently, all appeals and cross objections were dismissed, with the order issued on 29th August 2019. Case-Laws Income Tax Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294055