https://www.taxtmi.com/caselaws?id=303562 The Revenue's appeal was dismissed based on the CBDT Circular No. 17/2019, which increased monetary limits for filing appeals. The Circular, binding on the Revenue, led to the dismissal due to non-compliance. The assessee's appeal challenging additions of bogus cash credit and inflated sundry liabilities was partly allowed, with directions for reassessment on the issue of inflated sundry liabilities. The judgment emphasizes adherence to monetary limits for appeals, the binding effect of CBDT Circulars, and the necessity of proper documentation in assessment proceedings. en-us Fri, 21 Feb 2020 00:00:00 +0530 Sat, 30 Jul 2022 08:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303562 The Revenue's appeal was dismissed based on the CBDT Circular No. 17/2019, which increased monetary limits for filing appeals. The Circular, binding on the Revenue, led to the dismissal due to non-compliance. The assessee's appeal challenging additions of bogus cash credit and inflated sundry liabilities was partly allowed, with directions for reassessment on the issue of inflated sundry liabilities. The judgment emphasizes adherence to monetary limits for appeals, the binding effect of CBDT Circulars, and the necessity of proper documentation in assessment proceedings. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303562