https://www.taxtmi.com/caselaws?id=296301 The revenue appeal before ITAT Mumbai was dismissed as not maintainable based on a Circular issued by CBDT establishing a tax effect threshold of Rs. 50,00,000 for appeals. Both parties agreed to the dismissal, citing the Circular's directive for revenue to withdraw appeals below the threshold. The Tribunal emphasized strict adherence to the Circular and allowed for a recall if exceptions apply. As the revenue failed to demonstrate an exception, the appeal was dismissed on 27/07/2020 for not meeting the tax effect threshold outlined in the Circular. en-us Mon, 27 Jul 2020 00:00:00 +0530 Wed, 14 Jul 2021 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296301 The revenue appeal before ITAT Mumbai was dismissed as not maintainable based on a Circular issued by CBDT establishing a tax effect threshold of Rs. 50,00,000 for appeals. Both parties agreed to the dismissal, citing the Circular's directive for revenue to withdraw appeals below the threshold. The Tribunal emphasized strict adherence to the Circular and allowed for a recall if exceptions apply. As the revenue failed to demonstrate an exception, the appeal was dismissed on 27/07/2020 for not meeting the tax effect threshold outlined in the Circular. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296301