ITAT Enforces CBDT Threshold: Revenue’s Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]

The tribunal clarified that the issues raised in the appeal remain open for examination in future proceedings, if necessary. It also left room for the Revenue to seek a recall of the order if the case falls under any exceptions mentioned in the CBDT circular
ITAT appeal - CBDT threshold - income tax appeal - taxscan

The Income Tax Appellate Tribunal (ITAT), Pune Bench, dismissed an appeal filed by the Revenue Department citing the Central Board of Direct Taxes (CBDT) monetary limit for filing appeals. The appeal, involving a tax dispute of Rs. 12.82 lakh, fell below the Rs. 60 lakh threshold set by the CBDT, making it inadmissible. The case…

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