https://www.taxtmi.com/caselaws?id=13613 The High Court of Bombay clarified that monetary limits for filing appeals must be assessed separately for each assessee and considered cumulatively for orders spanning multiple assessment years. Appeals can only be allowed if the cumulative tax effect across all years exceeds the limit. In a specific case, applications were dismissed as the tax effect per assessee remained below Rs. 2,00,000 despite the cumulative effect exceeding Rs. 1,00,000. The court upheld the dismissals, emphasizing adherence to the prescribed tax effect threshold for applications under section 256(1) of the Income-tax Act, 1961. en-us Fri, 20 Apr 2007 00:00:00 +0530 Sat, 30 May 2009 16:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13613 The High Court of Bombay clarified that monetary limits for filing appeals must be assessed separately for each assessee and considered cumulatively for orders spanning multiple assessment years. Appeals can only be allowed if the cumulative tax effect across all years exceeds the limit. In a specific case, applications were dismissed as the tax effect per assessee remained below Rs. 2,00,000 despite the cumulative effect exceeding Rs. 1,00,000. The court upheld the dismissals, emphasizing adherence to the prescribed tax effect threshold for applications under section 256(1) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 20 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13613