2016 (4) TMI 1289

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....ondent : Mr.R.Sivaraman JUDGMENT (The Judgment of the Court was delivered by Nooty.Ramamohana Rao,J) This Tax Case Appeal being an old matter, has been taken up for final disposal by us today. This appeal is preferred by the Commissioner of Income Tax, Tamil Nadu-IV, Madras, aggrieved by the order, dated 31.12.2001 passed by the Income Tax Appellate Tribunal, 'B' Bench, Chenai in I.T.A.....

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....Ps shall not be filed in cases where the tax effect does not exceed the monetary limits given hereunder:- Sl. No. Appeals in Income-tax matters Monetary Limit (in Rs.) 1 Before Appellate Tribunal 10,00,000/- 2 Before High Court 20,00,000/- 3 Before Supreme Court 25,00,000/-   It is clarified that an appeal should not be filed merely because the tax effect in a case exceeds the ....

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....ore the High Court are concerned, they are set out for Rs. 20 lakhs. According to the learned counsel for the respondent/assessee, the total tax effect in the instant case is to the value of Rs. 3,12,396/- and hence, it being less than the limit of tax effect specified in paragraph 3 of the said Circular at Rs. 20 lakhs, this appeal deserves to be dismissed either as withdrawn or not pressed. 5. ....