2018 (7) TMI 1987

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..... al has been filed by the Revenue against the order of Commissioner of Income Tax (Appeals)-2, Nashik dated 27-01-2016 for the assessment year 2009-10. 2. Shri C.H. Naniwadekar appearing on behalf of the assessee submitted at the outset that the appeal of the Revenue is liable to be dismissed on account of low tax effect in terms of recent CBDT Circular No. 3/2018, dated 11-07-2018. 3. Shri Muk .....

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..... 2018 has raised the monetary limit of tax effect for filing of appeals by the Department before the Tribunal to Rs. 20 lakhs. The circular applies to the appeals to be filed by the Department in future, as well as the appeals pending before the Tribunal. Thus, in view of the above CBDT Circular, the present appeal of the Revenue is liable to be dismissed on account of low tax effect. 5. In the r .....

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