https://www.taxtmi.com/caselaws?id=253004 The High Court of Gujarat dismissed an appeal challenging an Income Tax Appellate Tribunal order due to the tax liability being below Rs. 2 Lac, as per a circular dated 27th March 2000. The Court emphasized that the dismissal was solely based on the monetary limit set by the circular and not on the merits of the appeal. It highlighted the need to apply the revised monetary limits individually to each case and not consider cumulative revenue effects in group cases. en-us Mon, 03 Nov 2014 00:00:00 +0530 Tue, 11 Nov 2014 07:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253004 The High Court of Gujarat dismissed an appeal challenging an Income Tax Appellate Tribunal order due to the tax liability being below Rs. 2 Lac, as per a circular dated 27th March 2000. The Court emphasized that the dismissal was solely based on the monetary limit set by the circular and not on the merits of the appeal. It highlighted the need to apply the revised monetary limits individually to each case and not consider cumulative revenue effects in group cases. Case-Laws Income Tax Mon, 03 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253004