https://www.taxtmi.com/caselaws?id=302088 The department's appeal against the order of the ld. CIT (A) for the assessment year 2014-15 was dismissed by the Tribunal as the tax effect did not exceed Rs. 50 lakhs, the revised monetary limit set by the CBDT. The Tribunal stressed adherence to the new monetary limits outlined in Circular No. 17/2019 to minimize litigation. The department was advised to file a Miscellaneous Application if the tax effect exceeded Rs. 50 lakhs or fell under specified exceptions. The appeal was deemed not maintainable due to non-compliance with the monetary limit criteria. en-us Wed, 21 Aug 2019 00:00:00 +0530 Wed, 04 May 2022 20:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302088 The department's appeal against the order of the ld. CIT (A) for the assessment year 2014-15 was dismissed by the Tribunal as the tax effect did not exceed Rs. 50 lakhs, the revised monetary limit set by the CBDT. The Tribunal stressed adherence to the new monetary limits outlined in Circular No. 17/2019 to minimize litigation. The department was advised to file a Miscellaneous Application if the tax effect exceeded Rs. 50 lakhs or fell under specified exceptions. The appeal was deemed not maintainable due to non-compliance with the monetary limit criteria. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302088