https://www.taxtmi.com/caselaws?id=177407 The High Court allowed all tax appeals, overturning the ITAT's dismissal orders based on low tax effect. The Court emphasized proper computation of loss and adherence to monetary limits set by the Board, citing precedents supporting consideration of notional tax effects exceeding prescribed limits. The cases were remanded for a merit-based decision in line with the law, highlighting the necessity of comprehensive assessment beyond immediate tax effects. en-us Mon, 30 Sep 2013 00:00:00 +0530 Fri, 04 Nov 2016 21:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177407 The High Court allowed all tax appeals, overturning the ITAT's dismissal orders based on low tax effect. The Court emphasized proper computation of loss and adherence to monetary limits set by the Board, citing precedents supporting consideration of notional tax effects exceeding prescribed limits. The cases were remanded for a merit-based decision in line with the law, highlighting the necessity of comprehensive assessment beyond immediate tax effects. Case-Laws Income Tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177407