TaxTMI 
TaxTMI 
2016 (1) TMI 1189
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....dvocate O R D E R PER SHRI INTURI RAMA RAO, AM This appeal is filed by the Revenue. At the outset, it is observed that the tax effect involved in this appeal is below Rs. 10 lakhs. Vide Circular No.21/2015 dated 10th December, 2015, bearing F.No.279/- Misc.142/2007-ITI(Pt), the CBDT, functioning under the Ministry of Finance, with a view to reduce unnecessary litigation on their part, has is....
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....e. If, in the case of an assessee, the disputed issue arises in more than one year(s), appeal(s) can be filed in respect of such assessment year(s) in which tax effect in respect of the disputed issue exceeds the monetary limit specified. In other words, if there are a number of years, if the tax effect is less than the specified limit in one year, appeal cannot be filed or the same has to be with....
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....x effect on the addition in dispute, which was deleted by the CIT(A) by the impugned order is indisputably below 10.00 lakhs. 3. The legislature in its wisdom has introduced S.268A of the Income Tax Act, 1961, whereby the Board is empowered to issue orders/instructions/directions to the income-tax authorities, fixing the monetary limits for the purpose of regulating the filing of appeals. In the ....