https://www.taxtmi.com/caselaws?id=173437 The Tax Appeal was allowed, quashing the Tribunal's decision and remanding the proceedings for consideration on merits. The judgment emphasized the importance of notional tax effect in determining the maintainability of appeals, stating that appeals should be considered based on notional tax effect exceeding prescribed limits. The Tribunal's dismissal of appeals solely due to negative income was deemed incorrect, as previous circulars did not bar appeals based on negative income alone. en-us Thu, 30 Jun 2011 00:00:00 +0530 Tue, 15 Sep 2015 16:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173437 The Tax Appeal was allowed, quashing the Tribunal's decision and remanding the proceedings for consideration on merits. The judgment emphasized the importance of notional tax effect in determining the maintainability of appeals, stating that appeals should be considered based on notional tax effect exceeding prescribed limits. The Tribunal's dismissal of appeals solely due to negative income was deemed incorrect, as previous circulars did not bar appeals based on negative income alone. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173437