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2015 (9) TMI 597 - AT - Income TaxDisallowance deleted by CIT(A) - CIT(A) deleting the addition of excess provision written back by the assessee in the profit and loss account and not offered for tax in this year - Monetary limits for the Revenue to file appeals - Held that:- Considering proposition laid down by the hon'ble High Court in the case of CIT v. Smt. Vijaya V. Kavekar [2013 (2) TMI 451 - Bombay High Court] we hold that in view of the revised Instruction issued by the Central Board of Direct Taxes under which, the monetary limit for filing the appeals before the appellate authorities, Tribunals has been revised and fixed at ₹ 4 lakhs, i.e., only appeals with tax effect exceeding ₹ 4 lakhs were maintainable. In the present appeal filed by the Revenue, the monetary limit admittedly, is less than ₹ 4 lakhs. In view of Instruction No. 5 of 2014 which are applicable not only to the new appeals to be filed by the Revenue, but also to the appeals pending before the Tribunal, we dismiss all the appeals filed by the Revenue because of small tax effect.- Decided against revenue
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