CBDT Instruction on monetary limit for filing appeals applies on pending cases too

CBDT Instruction No. 5/2014 dated 10.07.2014 on subject of monetary limit for filing appeals is applicable on pending cases also Brief of the case: The issue before tribunal is regarding deletion of addition made on account of unexplained cash found in bank account of the assessee. ITAT observed that the addition was deleted by CIT (A) and revenue is in appeal. During the course of appellate proceedings AR argued that revenue could not file this appeal as the tax effect in this appeal is below to monetary limit prescribed by CBDT for filing appeal. After considering the instruction issued by C...