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2018 (11) TMI 1701 - AT - Income TaxMonetary limit - low tax efffect - HELD THAT:- CBDT vide Circular No. 3/2018 dated 11.07.2018 has revised the monetary limit upto ₹ 20 lacs for filing appeals by the Department before the Tribunal and further vide para 13 of the said Circular it has been clarified that said circular is applicable retrospectively to the pending appeals also. In the case of “Principal CIT of Income Tax Vs. Surinder Kumar Singhal” [2017 (1) TMI 1658 - PUNJAB AND HARYANA HIGH COURT] while further relying upon the decision of “CIT Vs. Dhanalekshmi Bank Ltd. [2015 (8) TMI 474 - SC ORDER] has dismissed the appeal of the Revenue without going into the merits due to low tax effect leaving the question of law open. In view of the CBDT Circular No. 03/2018 (supra) and in the light of the above referred to decision of the Hon'ble Jurisdictional Punjab & Haryana High Court (supra), the present appeal of the Revenue is dismissed due to low tax effect.
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