https://www.taxtmi.com/caselaws?id=294623 CBDT Circular No. 03/2018 and Circular No. 17/2019 prescribe a monetary threshold for Revenue appeals before the ITAT. Where the tax effect in an appeal falls below the prescribed limit, the appeal is not to be pursued and may be treated as withdrawn. The text notes that the Tribunal applied this low-tax-effect rule to dismiss the Revenue appeals as withdrawn and treated the cross objections as infructuous. It also preserved the Revenue's liberty to seek recall if any matter falls within the exceptions stated in the circulars. en-us Fri, 23 Aug 2019 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294623 CBDT Circular No. 03/2018 and Circular No. 17/2019 prescribe a monetary threshold for Revenue appeals before the ITAT. Where the tax effect in an appeal falls below the prescribed limit, the appeal is not to be pursued and may be treated as withdrawn. The text notes that the Tribunal applied this low-tax-effect rule to dismiss the Revenue appeals as withdrawn and treated the cross objections as infructuous. It also preserved the Revenue's liberty to seek recall if any matter falls within the exceptions stated in the circulars. Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294623