Revenue appeal below monetary limit not maintainable

ITO Vs SHM Products Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that appeal of the revenue is hit by the monetary limits as per CBDT circular. Further, filing of appeal based on information from investigation wing (i.e. not external source) is not covered by except mentioned in clause (e) of paragraph 10 of CBDT circular. Facts- The assessee brought to our notice that the addition made by the AO is only to the tune of Rs. 15,25,499/- which has been deleted by the Ld.CIT(A). According to the Ld.AR, the tax effect in this case was only Rs. 4,71,379/- which is less than the prescribed monetary limit...