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2021 (3) TMI 1364 - MADRAS HIGH COURTMaintainability of appeal on low tax effect - monetary limit for filing or pursuing an appeal before the High Court - correctness of ITAT's conclusion that the CIT(A) has rightly directed the Assessing Officer to delete the liability - HELD THAT:- The above appeal is not pursued by the Revenue on account of the low tax effect in terms of Circular No.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes. By the said Circular, the monetary limit for filing or pursuing an appeal before the High Court has been increased to ₹ 1 Crore. It is further submitted that the tax effect in this case is less than the threshold limit. In the light of the said submissions, the above tax case appeal is dismissed on account of the low tax effect. The substantial questions of law framed are left open
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