https://www.taxtmi.com/article/detailed?id=7764 The note contrasts two Board instructions on monetary thresholds for appeals-one applying revised limits only to appeals filed thereafter and a later one extending limits to pending appeals-and explains that the Supreme Court correctly held the earlier instruction was not retrospective. It cautions that counsel's reliance on a differently worded circular not before the Court led to unnecessary issues, and it stresses that administrative circulars should be applied according to their clear terms, with beneficial circulars construed to effect their remedial purpose where appropriate. en-us Mon, 11 Dec 2017 07:40:57 +0530 Mon, 11 Dec 2017 07:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7764 The note contrasts two Board instructions on monetary thresholds for appeals-one applying revised limits only to appeals filed thereafter and a later one extending limits to pending appeals-and explains that the Supreme Court correctly held the earlier instruction was not retrospective. It cautions that counsel's reliance on a differently worded circular not before the Court led to unnecessary issues, and it stresses that administrative circulars should be applied according to their clear terms, with beneficial circulars construed to effect their remedial purpose where appropriate. Articles Income Tax Mon, 11 Dec 2017 07:40:57 +0530 https://www.taxtmi.com/article/detailed?id=7764