CBDT circular on Low Tax Effect applies also to pending appeals: ITAT gives relief in 628 Cases

ITO Vs Dinesh Madhavlal Patel (ITAT Ahmedabad) CBDT circular dated 8th August, 2019, the income tax department has further liberalized its policy for not filing appeals against the decisions of the appellate authorities in favour of the taxpayers, wherein tax involved is below certain threshold limits, and announced its policy decision not to file, or press, the appeals, before this Tribunal, against the appellate orders favourable to the assessee in the cases in which overall tax effect, excluding interest-except when interest itself is in dispute, is Rs 50,00,000 or less. What it means, in p...