https://www.taxtmi.com/caselaws?id=756865 Revenue appeals under Section 260A of the Income-tax Act are barred by Circular No. 5/2024 where the tax effect is quantifiable and remains below the prescribed monetary limit. The Allahabad HC noted that the Assessing Officer had quantified the tax liability, so the dispute involved a measurable tax effect and did not fall within Clause 3.1(f), which applies only where tax effect is not quantifiable or not involved; the reference to Section 263 orders was treated as illustrative of that category. As the quantified tax effect was below the threshold and no exception applied, the appeal was not maintainable and was dismissed. en-us Wed, 07 Aug 2024 00:00:00 +0530 Sat, 10 Aug 2024 09:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756865 Revenue appeals under Section 260A of the Income-tax Act are barred by Circular No. 5/2024 where the tax effect is quantifiable and remains below the prescribed monetary limit. The Allahabad HC noted that the Assessing Officer had quantified the tax liability, so the dispute involved a measurable tax effect and did not fall within Clause 3.1(f), which applies only where tax effect is not quantifiable or not involved; the reference to Section 263 orders was treated as illustrative of that category. As the quantified tax effect was below the threshold and no exception applied, the appeal was not maintainable and was dismissed. Case-Laws Income Tax Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756865