https://www.taxtmi.com/caselaws?id=181504 The High Court considered the appeal filed by Revenue below the prescribed tax limit set by the Central Board of Direct Taxes. The Court found that the Tribunal erred in dismissing the appeal based on an incorrect calculation of the tax effect. The Court referred to a circular defining "tax effect" and highlighted the need for accurate determination in such cases. Ultimately, the Court allowed the appeal, set aside the Tribunal's order, and remitted the matter back for proper assessment of the tax effect, emphasizing adherence to legal principles. No costs were awarded in this decision. en-us Tue, 28 Sep 2010 00:00:00 +0530 Tue, 19 Apr 2016 11:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181504 The High Court considered the appeal filed by Revenue below the prescribed tax limit set by the Central Board of Direct Taxes. The Court found that the Tribunal erred in dismissing the appeal based on an incorrect calculation of the tax effect. The Court referred to a circular defining "tax effect" and highlighted the need for accurate determination in such cases. Ultimately, the Court allowed the appeal, set aside the Tribunal's order, and remitted the matter back for proper assessment of the tax effect, emphasizing adherence to legal principles. No costs were awarded in this decision. Case-Laws Income Tax Tue, 28 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181504