https://www.taxtmi.com/caselaws?id=310976 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax(Appeals) order for the Assessment Year 2011-12. The appeal was rejected because the tax effect was Rs. 44,50,978/-, below the revised monetary limit of Rs. 50.00 lakhs set by CBDT Circular No. 17/2019. This circular increased the threshold for filing appeals by the department, and the Tribunal applied this revised limit to dismiss the appeal. The decision was pronounced on 28th June 2022, adhering to the updated monetary guidelines for Income-tax cases. en-us Tue, 28 Jun 2022 00:00:00 +0530 Wed, 29 Nov 2023 20:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310976 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax(Appeals) order for the Assessment Year 2011-12. The appeal was rejected because the tax effect was Rs. 44,50,978/-, below the revised monetary limit of Rs. 50.00 lakhs set by CBDT Circular No. 17/2019. This circular increased the threshold for filing appeals by the department, and the Tribunal applied this revised limit to dismiss the appeal. The decision was pronounced on 28th June 2022, adhering to the updated monetary guidelines for Income-tax cases. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310976