https://www.taxtmi.com/caselaws?id=306454 The Tribunal dismissed the Revenue's appeal concerning the disallowance under section 40(a)(ia) of the Income Tax Act for Assessment Year 2013-2014. The appeal was found to be not maintainable as the tax effect was below the limit specified in CBDT Circular No. 17 of 2019. The Circular retrospectively raised the threshold for Revenue appeals to Rs.50 lakhs. The Tribunal upheld the Circular's application to pending cases and dismissed the appeal, allowing for a potential re-verification by the Assessing Officer within the prescribed time frame. en-us Wed, 23 Feb 2022 00:00:00 +0530 Tue, 31 Jan 2023 21:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306454 The Tribunal dismissed the Revenue's appeal concerning the disallowance under section 40(a)(ia) of the Income Tax Act for Assessment Year 2013-2014. The appeal was found to be not maintainable as the tax effect was below the limit specified in CBDT Circular No. 17 of 2019. The Circular retrospectively raised the threshold for Revenue appeals to Rs.50 lakhs. The Tribunal upheld the Circular's application to pending cases and dismissed the appeal, allowing for a potential re-verification by the Assessing Officer within the prescribed time frame. Case-Laws Income Tax Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306454