https://www.taxtmi.com/caselaws?id=294282 The Revenue's appeal against the order of the Ld. CIT(A)-1, Hyderabad, challenging the addition under section 68 of the IT Act and disallowance of LTCG claim, was dismissed by the tribunal due to the tax limit for filing appeal fixed by CBDT Circulars. The tribunal noted that the tax effect in the appeal was below the threshold of Rs. 50.00 lakhs as per the Circulars, leading to the dismissal. The Revenue was given the option to seek a recall if falling within exceptions mentioned in the Circulars, but ultimately, the appeal was dismissed on 3rd September 2019. en-us Tue, 03 Sep 2019 00:00:00 +0530 Fri, 02 Apr 2021 22:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294282 The Revenue's appeal against the order of the Ld. CIT(A)-1, Hyderabad, challenging the addition under section 68 of the IT Act and disallowance of LTCG claim, was dismissed by the tribunal due to the tax limit for filing appeal fixed by CBDT Circulars. The tribunal noted that the tax effect in the appeal was below the threshold of Rs. 50.00 lakhs as per the Circulars, leading to the dismissal. The Revenue was given the option to seek a recall if falling within exceptions mentioned in the Circulars, but ultimately, the appeal was dismissed on 3rd September 2019. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294282