Appeals with Small tax effect should not be filed as per circular by CBDT.
Apr. 18, 2017
AO made additions on account of contractual reciepts u/s 44BBA. Interest income was also added. On apppeal CIT(A) directed AO to re-examine matter. On appeal, ITAT held, since re-computation by AO produces a very small tax effect, appeals should not be filed in cases where tax effect does not exceed monetory limits as prescribed by CBDT.-501506