https://www.taxtmi.com/caselaws?id=297185 The Revenue's appeal was held not maintainable because the tax effect was below the CBDT monetary limit of Rs. 50 lakhs under Circular No. 17/2019, which enhanced the limits in Circular No. 3/2018 and applied to pending appeals. The Tribunal found that no exception in paragraph 10 of Circular No. 3/2018 applied. It also held that Circular No. 23/2019, read with the office memorandum dated 16.09.2019, was confined to bogus LTCG/STCL penny stock matters and did not extend to accommodation share application money cases. The appeal was dismissed on the ground of low tax effect. en-us Wed, 05 Feb 2020 00:00:00 +0530 Sun, 22 Aug 2021 12:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297185 The Revenue's appeal was held not maintainable because the tax effect was below the CBDT monetary limit of Rs. 50 lakhs under Circular No. 17/2019, which enhanced the limits in Circular No. 3/2018 and applied to pending appeals. The Tribunal found that no exception in paragraph 10 of Circular No. 3/2018 applied. It also held that Circular No. 23/2019, read with the office memorandum dated 16.09.2019, was confined to bogus LTCG/STCL penny stock matters and did not extend to accommodation share application money cases. The appeal was dismissed on the ground of low tax effect. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297185