https://www.taxtmi.com/caselaws?id=237379 The High Court allowed the department's appeal under Section 260-A of the Income Tax Act 1961, emphasizing that appeals should not be deemed not maintainable solely based on tax effect limits specified in CBDT Circulars. The Court held that in cases of loss returns with significant amounts involved, appeals should be considered regardless of the circulars. The Tribunal's dismissal of the departmental appeal was quashed, and the matter was remanded for a decision on merits within three months, stressing the importance of deciding appeals based on their substance rather than technical thresholds. en-us Thu, 19 Sep 2013 00:00:00 +0530 Thu, 26 Sep 2013 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237379 The High Court allowed the department's appeal under Section 260-A of the Income Tax Act 1961, emphasizing that appeals should not be deemed not maintainable solely based on tax effect limits specified in CBDT Circulars. The Court held that in cases of loss returns with significant amounts involved, appeals should be considered regardless of the circulars. The Tribunal's dismissal of the departmental appeal was quashed, and the matter was remanded for a decision on merits within three months, stressing the importance of deciding appeals based on their substance rather than technical thresholds. Case-Laws Income Tax Thu, 19 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237379