https://www.taxtmi.com/caselaws?id=237614 The High Court ruled in favor of the revenue, holding that the Tribunal erred in dismissing the appeal based on the tax effect being less than Rs.2 lakhs and in not considering the notional tax effect in loss return cases. The Court emphasized that the exceptions outlined in the CBDT Circular/Instruction should be taken into account, and directed the matter to be remanded to the ITAT for a decision based on the merits of the case. en-us Fri, 26 Jul 2013 00:00:00 +0530 Wed, 02 Oct 2013 22:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237614 The High Court ruled in favor of the revenue, holding that the Tribunal erred in dismissing the appeal based on the tax effect being less than Rs.2 lakhs and in not considering the notional tax effect in loss return cases. The Court emphasized that the exceptions outlined in the CBDT Circular/Instruction should be taken into account, and directed the matter to be remanded to the ITAT for a decision based on the merits of the case. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237614