Revenue can’t file appeal to ITAT, if tax not exceeds Rs 4,00,000/-

Brief Facts : Assessing officer has made few additions in his assessment order which were later on deleted by the CIT (A) on merits. Revenue preferred an appeal to the Tribunal against an order of CIT(A). However in this case the tax effect was less than Rs 4 lacs. Assessee Contention The assessee contended that the tax effect of the grounds raised in the appeal preferred by the Revenue is below Rs.4 lacs, hence, as per the latest CBDT Instruction No. 5/2014 dated 10.07.2014, the present appeal is not maintainable. Revenue Contention The revenue did not object the above submissions of the asse...