https://www.taxtmi.com/caselaws?id=297183 A revenue appeal was held not maintainable because the tax effect fell below the prescribed monetary limit for Tribunal appeals. The enhanced limit in the later circular was applied to pending matters, and the stated exceptions were examined but found inapplicable because they were confined to bogus long-term capital gains or short-term capital loss through penny stocks, not unexplained share application money. The appeal was therefore dismissed at the threshold for low tax effect, with no exception available to preserve maintainability. en-us Thu, 28 Nov 2019 00:00:00 +0530 Sun, 22 Aug 2021 12:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297183 A revenue appeal was held not maintainable because the tax effect fell below the prescribed monetary limit for Tribunal appeals. The enhanced limit in the later circular was applied to pending matters, and the stated exceptions were examined but found inapplicable because they were confined to bogus long-term capital gains or short-term capital loss through penny stocks, not unexplained share application money. The appeal was therefore dismissed at the threshold for low tax effect, with no exception available to preserve maintainability. Case-Laws Income Tax Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297183