https://www.taxtmi.com/caselaws?id=305984 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2008-09 due to the tax effect being below the revised monetary limit of Rs. 10,00,000/- set by Circular No. 21 of 2015. The Circular, applicable retrospectively, directed withdrawal of appeals not meeting the limit. The Tribunal's decision highlighted the necessity of adhering to prescribed monetary limits for filing appeals before the ITAT, emphasizing compliance with statutory directives and procedural requirements in income tax appeal filings. en-us Fri, 30 Sep 2016 00:00:00 +0530 Tue, 03 Jan 2023 21:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305984 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2008-09 due to the tax effect being below the revised monetary limit of Rs. 10,00,000/- set by Circular No. 21 of 2015. The Circular, applicable retrospectively, directed withdrawal of appeals not meeting the limit. The Tribunal's decision highlighted the necessity of adhering to prescribed monetary limits for filing appeals before the ITAT, emphasizing compliance with statutory directives and procedural requirements in income tax appeal filings. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305984