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2016 (11) TMI 1674 - AT - Income TaxMaintainability of appeal - low tax effect - Effect of subsequent circulars - HELD THAT:- As tax effect for the impugned assessment years were less than Rupees Two lakhs and by virtue of Circular No.5/2008, dated 15.05.2008 of CBDT, the appeals will not maintainable. Substitution of the earlier circulars with subsequent circulars would not in any way affect the applicability of earlier circulars, in so far as it covered direct tax matters other than income tax. Accordingly, we are of the opinion that appeals of the Revenue are not maintainable.
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