https://www.taxtmi.com/caselaws?id=773440 Where a later CBDT circular supersedes earlier instructions and raises the monetary threshold without retaining the earlier revenue-audit objection exception, an appeal below the revised tax-effect limit cannot be continued on merits. The later circular was applied because the tax effect was below the revised limit of Rs. 2 crores, so the appeal was treated as not maintainable and disposed of in accordance with the binding monetary-limit instruction. en-us Wed, 16 Apr 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773440 Where a later CBDT circular supersedes earlier instructions and raises the monetary threshold without retaining the earlier revenue-audit objection exception, an appeal below the revised tax-effect limit cannot be continued on merits. The later circular was applied because the tax effect was below the revised limit of Rs. 2 crores, so the appeal was treated as not maintainable and disposed of in accordance with the binding monetary-limit instruction. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773440