https://www.taxtmi.com/caselaws?id=297592 The Appellate Tribunal ITAT Mumbai allowed the revenue's miscellaneous application to recall an order in ITA No. 5313/Mumbai/2015 for the assessment year 2011-12. The Tribunal found that the tax effect in the appeal exceeded Rs. 50 lakhs, contrary to the initial assessment, leading to the decision to schedule a hearing before a regular bench for a merit-based decision. The ruling underscored the importance of adhering to monetary limits set by the CBDT and ensuring appeals are evaluated within specified thresholds for fairness and consistency in tax matters. en-us Fri, 06 Mar 2020 00:00:00 +0530 Mon, 13 Sep 2021 09:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297592 The Appellate Tribunal ITAT Mumbai allowed the revenue's miscellaneous application to recall an order in ITA No. 5313/Mumbai/2015 for the assessment year 2011-12. The Tribunal found that the tax effect in the appeal exceeded Rs. 50 lakhs, contrary to the initial assessment, leading to the decision to schedule a hearing before a regular bench for a merit-based decision. The ruling underscored the importance of adhering to monetary limits set by the CBDT and ensuring appeals are evaluated within specified thresholds for fairness and consistency in tax matters. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297592