ITAT dismissed appeal as tax effect was less than Rs 10 lacs
May. 11, 2016
The Revenue had filed an appeal from an order of CIT(A) before the Tribunal. Dimsissing the appeal, the ITAT held that since the tax effect in the Revenue's appeal was less than Rs.10,00,000, therefore, the it was not maintainable, in view of the Circular No. 21/2015 dated 10th December, 2015 by the CBDT. The Instructions are applicable for the pending appeals and appeals to be filed henceforth in Tribunal.-501127
