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2018 (9) TMI 1030 - MADRAS HIGH COURTMaintainability of appeal - tax effect - Held that:- The tax effect in the present appeal relevant for the assessment year 2011-12 is less than the threshold limit. In the case of Commissioner of Income Tax vs. N. Meenakshisundaram [2018 (4) TMI 1582 - MADRAS HIGH COURT] this Court had an occasion to consider various circulars issued by the Central Board of Direct Taxes (CBDT) as regards the threshold limits fixed for filing the appeal by the Revenue or pursue the appeal, which is pending from 2008 onwards. As by Circular No. 3/2018, dated 11. 07. 2018, monetary limit has further been increased and appeals be maintainable before the High Courts. It has been increased to ₹ 50, 00, 000/-. Hence, viewed from any angle, the Revenue cannot pursue this appeal.
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