https://www.taxtmi.com/caselaws?id=152564 A monetary-limit circular on filing appeals was examined in the context of whether it governs appeals already filed before its issuance. The assessee argued that the appeal was not maintainable because the tax effect fell below the prescribed limit, while the Revenue contended that the circular could not retrospectively affect pending appeals. The Court expressed a prima facie view that the circular would not apply to appeals filed earlier and indicated that the contrary view may need reconsideration by a larger Bench. The matter was placed before the Chief Justice for constitution of a larger Bench. en-us Tue, 05 Oct 2010 00:00:00 +0530 Sat, 06 Jul 2013 15:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152564 A monetary-limit circular on filing appeals was examined in the context of whether it governs appeals already filed before its issuance. The assessee argued that the appeal was not maintainable because the tax effect fell below the prescribed limit, while the Revenue contended that the circular could not retrospectively affect pending appeals. The Court expressed a prima facie view that the circular would not apply to appeals filed earlier and indicated that the contrary view may need reconsideration by a larger Bench. The matter was placed before the Chief Justice for constitution of a larger Bench. Case-Laws Income Tax Tue, 05 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152564