https://www.taxtmi.com/caselaws?id=312153 The Tribunal dismissed the revenue's appeal challenging the deletion of an addition under section 2(22)(e) of the Act, as the tax effect was below the threshold specified in CBDT Circular No. 21 of 2015, making the appeal not maintainable. Similarly, the Tribunal rejected the appeal concerning the treatment of the debenture redemption reserve under section 115JB, again due to the tax effect being below the threshold. The Tribunal emphasized the applicability of the CBDT Circular on the maintainability of appeals based on tax effect thresholds, leading to the dismissal of both issues raised by the revenue. en-us Wed, 04 May 2016 00:00:00 +0530 Sat, 03 Feb 2024 19:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312153 The Tribunal dismissed the revenue's appeal challenging the deletion of an addition under section 2(22)(e) of the Act, as the tax effect was below the threshold specified in CBDT Circular No. 21 of 2015, making the appeal not maintainable. Similarly, the Tribunal rejected the appeal concerning the treatment of the debenture redemption reserve under section 115JB, again due to the tax effect being below the threshold. The Tribunal emphasized the applicability of the CBDT Circular on the maintainability of appeals based on tax effect thresholds, leading to the dismissal of both issues raised by the revenue. Case-Laws Income Tax Wed, 04 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312153