Appeal filing Threshold limit applies to both pending & future appeals

ACIT Vs Shri Harish Bhasin (ITAT Delhi) Conclusion: Revised/enhanced minimum threshold limit of tax effect of Rs. 50 Lakh vide CBDT Circular No. 17/2019, dated 8-8-2019 was applicable not only for appeals to be filed by Revenue in future; but also for appeals already filed by Revenue in ITAT. Therefore, all existing appeals in ITAT, having tax effect below the revised/enhanced limit of Rs. 50,00,000, were to be treated as withdrawn/not pressed; and were, not maintainable. Held: The issue arose for consideration was whether the revised/enhanced minimum threshold limit of tax effect of Rs. 50, 0...