2018 (7) TMI 2314

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..... material available on record, DR could not point out if this case fell under any of the exceptions as provided in the aforesaid Circular. We also find that the aforesaid Circular makes it very clear that the revised monetary limits shall apply retrospectively to pending appeals also. We hold that the appeal of the revenue deserves to be dismissed in terms of low tax effect vide Circular No. 3/ .....

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..... ts return of income but the same was disallowed by the Assessing Officer. The tax in dispute is Rs. 7,06,130/-. Admittedly, the tax is less than the prescribed limit for preferring appeals before the ITAT by the Income Tax department in view of Circular No. 3/2018 dated 11.07.2018 and the material available on record, the Ld. Sr. DR could not point out if this case fell under any of the exceptions .....

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