Friday, 22 January 2016

Tribunal dismissed pending appeal of revenue considering new monetary limit of 10 lakhs

IT : Where department against order of First Appellate Authority filed appeals before Tribunal and tax effect in appeals was below monetary limit of Rs. 10 lakhs, specified in CBDT Circular No. 21/2015, dated 10-12-2015, applying said circular, instant appeals were liable to be dismissed as withdrawn/not pressed

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