https://www.taxtmi.com/caselaws?id=311293 The Appellate Tribunal dismissed the Revenue's appeal against the order dated 17.12.2012 for the assessment year 2007-08, citing the applicability of CBDT Circular No. 17/2019, which raised the monetary limit for filing appeals to Rs.50 lakhs. The tax effect in this case was below this threshold. However, the Tribunal granted the Department the liberty to file a Miscellaneous Application if the tax effect exceeded Rs.50 lakhs or if conditions specified in the circular were met, allowing for potential reconsideration of the dismissal. en-us Thu, 07 Nov 2019 00:00:00 +0530 Tue, 19 Dec 2023 06:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311293 The Appellate Tribunal dismissed the Revenue's appeal against the order dated 17.12.2012 for the assessment year 2007-08, citing the applicability of CBDT Circular No. 17/2019, which raised the monetary limit for filing appeals to Rs.50 lakhs. The tax effect in this case was below this threshold. However, the Tribunal granted the Department the liberty to file a Miscellaneous Application if the tax effect exceeded Rs.50 lakhs or if conditions specified in the circular were met, allowing for potential reconsideration of the dismissal. Case-Laws Income Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311293