https://www.taxtmi.com/caselaws?id=172994 The Tribunal declined to entertain the appeal regarding disallowed interest liability as the tax effect was below the threshold for filing appeals. The High Court upheld this decision, emphasizing that the revenue could address the issue in future assessments if necessary. The Court clarified that the tax effect on the specific issue, not the overall tax effect, should be considered, and no substantial question of law arose. The judgment highlights the significance of adhering to the tax effect threshold for appeals and the authorities' discretion in addressing issues in subsequent assessments. en-us Thu, 01 May 2008 00:00:00 +0530 Mon, 07 Sep 2015 11:16:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172994 The Tribunal declined to entertain the appeal regarding disallowed interest liability as the tax effect was below the threshold for filing appeals. The High Court upheld this decision, emphasizing that the revenue could address the issue in future assessments if necessary. The Court clarified that the tax effect on the specific issue, not the overall tax effect, should be considered, and no substantial question of law arose. The judgment highlights the significance of adhering to the tax effect threshold for appeals and the authorities' discretion in addressing issues in subsequent assessments. Case-Laws Income Tax Thu, 01 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172994