TMI Blog2019 (11) TMI 1662X X X X Extracts X X X X X X X X Extracts X X X X ..... HAT:- It appears that the tax effect being contested by the revenue is less than prescribed limit of ₹ 50 Lacs and the same is covered by recently issued low tax effect Circular No.17/2019 dated 08/08/2019 issued by Central Board of Direct Taxes [CBDT]. This recent circular further enhances the monetary limit fixed in earlier Circular No.3 of 2018 dated 11/07/2018 issued by CBDT as amended o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GH AND SHRI MANOJ KUMAR AGGARWAL, JJ. Assessee by : Shri Dharan Gandhi Ld. AR Revenue by : Ms. Kavita P. Kaushik Ld. DR ORDER Manoj Kumar Aggarwal, J. 1. Aforesaid appeal by revenue for Assessment Year [in short referred to as AY ] 2010-11 contest the order of Ld. Commissioner of IncomeTax (Appeals)-24, Mumbai, [CIT(A)] Appeal No. CIT(A)-24/ITO15(2)(2)/IT-41/2016-17 d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the factual matrix was covered by exception provided in CBDT Circular No. 23 of 2019 dated 06/09/2019 read with office memorandum dated 16/09/2019. 4. Upon perusal of case records, prima facie, it appears that the tax effect being contested by the revenue is less than prescribed limit of ₹ 50 Lacs and the same is covered by recently issued low tax effect Circular No.17/2019 dated 08/08/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax effect in dispute is below prescribed limit of ₹ 50 Lacs and the assessee stood benefitted by the above circular issued by CBDT wherein the minimum monetary limit for filing the appeals before various appellate authorities have been fixed as under: - S. No. Appeals/ SLPs in Income-tax matters Monetary Limit (Rs.) 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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