https://www.taxtmi.com/caselaws?id=207459 The court interpreted CBDT circulars on mandatory monetary limits for filing appeals, emphasizing the concept of "notional tax effect." It clarified that the circular's calculation rules had prospective application, dismissing appeals solely based on incorrect tax effect calculation. The judgment reconciled conflicting views on the circular's applicability to pending appeals, affirming the importance of accurate tax effect assessment in determining appeal maintainability. en-us Wed, 30 Mar 2011 00:00:00 +0530 Tue, 18 Dec 2012 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207459 The court interpreted CBDT circulars on mandatory monetary limits for filing appeals, emphasizing the concept of "notional tax effect." It clarified that the circular's calculation rules had prospective application, dismissing appeals solely based on incorrect tax effect calculation. The judgment reconciled conflicting views on the circular's applicability to pending appeals, affirming the importance of accurate tax effect assessment in determining appeal maintainability. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207459