https://www.taxtmi.com/article/detailed?id=6582 CBDT revised instruction prescribes monetary limits under which departmental appeals/SLPs should not be filed and permits withdrawal of pending appeals below those limits. It defines tax effect as the tax consequence of disputed issues (excluding interest unless disputed), requires tax effect to be computed separately for each assessment year, and allows appeals only for years where tax effect exceeds the limit. Composite orders involving common issues across years must be appealed for all such years if any year exceeds the limit. Specific exceptions to limits are listed and the instruction applies retrospectively to pending appeals before High Courts and Tribunals. en-us Thu, 17 Dec 2015 06:33:17 +0530 Thu, 17 Dec 2015 06:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6582 CBDT revised instruction prescribes monetary limits under which departmental appeals/SLPs should not be filed and permits withdrawal of pending appeals below those limits. It defines tax effect as the tax consequence of disputed issues (excluding interest unless disputed), requires tax effect to be computed separately for each assessment year, and allows appeals only for years where tax effect exceeds the limit. Composite orders involving common issues across years must be appealed for all such years if any year exceeds the limit. Specific exceptions to limits are listed and the instruction applies retrospectively to pending appeals before High Courts and Tribunals. Articles Income Tax Thu, 17 Dec 2015 06:33:17 +0530 https://www.taxtmi.com/article/detailed?id=6582