https://www.taxtmi.com/caselaws?id=761574 The ITAT Kolkata dismissed the revenue's appeal due to insufficient tax effect. The tax relief granted by CIT(Appeals) was below Rs. 60,00,000, falling short of the threshold established by CBDT Instruction No. 9 of 2024 dated September 17, 2024. This instruction prohibits subordinate authorities from challenging CIT(Appeals) orders before the Tribunal when tax effect is less than Rs. 60,00,000, unless specific exceptions apply. The Tribunal found no applicable exceptions and declared the appeal non-maintainable. However, the revenue retains the right to file a miscellaneous application for revival if subsequent verification reveals higher tax effect or applicable exceptions. en-us Thu, 03 Oct 2024 00:00:00 +0530 Wed, 13 Nov 2024 08:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761574 The ITAT Kolkata dismissed the revenue's appeal due to insufficient tax effect. The tax relief granted by CIT(Appeals) was below Rs. 60,00,000, falling short of the threshold established by CBDT Instruction No. 9 of 2024 dated September 17, 2024. This instruction prohibits subordinate authorities from challenging CIT(Appeals) orders before the Tribunal when tax effect is less than Rs. 60,00,000, unless specific exceptions apply. The Tribunal found no applicable exceptions and declared the appeal non-maintainable. However, the revenue retains the right to file a miscellaneous application for revival if subsequent verification reveals higher tax effect or applicable exceptions. Case-Laws Income Tax Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761574